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STATEMENT OF ASSETS, LIABILITIES AND STOCKHOLDER'S EQUITY

INCOME TAX BASIS

DECEMBER 31, 2020

ASSETS

CURRENT ASSETS Cash Employee Loan Receivable Prepaid Expenses Deposits

Total Current Assets

PROPERTY AND EQUIPMENT, AT COST Leasehold Improvements Furniture, Fixtures & Toys Vehicles Equipment

Total Less: Accumulated Depreciation

Net Property and Equipment

OTHER ASSETS

Refundable Deposits Non-Compete Agreements Goodwill

Total

Total Assets

$

$

223,566 2,883

57,477 5,000

288,926

865,507 199,801 321,251 253,108

1,639,667 (1,268,820)

370,847

6,847 8,611 8,611

24,069 683,842

SEE ACCOMPANYING ACCOUNTANT'S COMPILATION REPORT

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STATEMENT OF ASSETS, LIABILITIES AND STOCKHOLDER'S EQUITY

INCOME TAX BASIS

December 31, 2020

LIABILITIES AND STOCKHOLDER'S EQUITY

CURRENT LIABILITIES SBA Loan Payable Payroll Tax Liability Employee Loan Payable

STOCKHOLDER'S EQUITY

Common Stock, $1 Par Value; Authorized 5,000 Shares, Issued and Outstanding 500 Shares

Retained E arnings-Income Tax Basis

Total Stockholder's Equity

Total Liabilities and Stockholders• Equity

$

$

459,475 58,461

5,301 523,237

500 160,105

160,605

683,842

SEE ACCOMPANYING ACCOUNTANT 1 S COMPILATION REPORT

REVENUES

STATEMENT OF REVENUES, EXPENSES AND RETAINED EARNINGS-INCOME TAX BASIS

FOR THE YEAR ENDED December 31, 2020

Day Care Fees and Programs

EXPENSES (See Schedule)

EXCESS OF REVENUES OVER EXPENSES BEFORE OTHER INCOME

OTHER INCOME

Auto Reimbursements

EXCESS OF REVENUES OVER EXPENSES

RETAINED EARNINGS, BEGINNING OF YEAR -INCOME TAX B ASIS

STOCKHOLDER DISTRIBUTIONS

RETAINED EARNINGS, END OF YEAR -INCOME TAX B ASIS

$ 3,849,590

(3,188,019)

$

661,571

4,358

665,929

820,232

(1,326,056)

160,105

SEE ACCOMPANY ING ACCOUNTANT'S COMPILATION REPORT

EXPENSES

STATEMENT OF REVENUES, EXPENSES AND RETAINED EARNINGS-INCOME TAX BASIS FOR THE YEAR ENDED December 31, 2020

Accreditation Advertising Bank Charges Children's Activities Contract Services Depreciation Director's Fees Dues and Subscriptions Fire Safety Gifts Groceries Insurance Lawn Care Legal and Accounting Licenses and Taxes Maintenance and Repairs Meals Non-Compete Agreement and

Goodwill Amortization Office Expense Payroll Processing Pest Control Recruitment and Training Rent Salaries-Officers Salaries-Other Supplies Taxes-Payroll Telephone Utilities Vehicle Expenses

Total Expenses

$ 2,215. 937

7,660 19,605

5,353 46,087 30,000

268 8,118 3,850

243,078 230,801

23,015 18,284

4,458 147,154

793

6,667 68,425 11,986

6,675 1,020

109,872 279,389

1,592,512 44,811

140,189 17,347 86,740 30,710

$ 3,188,019

SEE ACCOMPANYING ACOUNTANT'S COMPILATION REPORT