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STATEMENT OF ASSETS, LIABILITIES AND S TOCKHOLDER'S EQUITY

INCOME TAX BASIS

DECEMBER 31, 2018

CURRENT ASSETS Cash

ASSETS

Employee Loan Receivable Prepaid Expenses

Total Current Assets

PROPER TY AND EQUIPMENT, AT COS T 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

$ 325,834 810

55,056 381,700

754,004 207,055 356,510 246,978

1,564,547 (1,254,428)

310,119

6,846 15,278 15,278 37,402

$ 729,221

SEE ACCOMPANYING ACCOUNTANT'S COMPILATION REPORT

STATEMENT OF ASSETS, LIABILITIES AND STOCKHOLDER'S EQUITY

INCOME TAX BASIS

December 31, 2018

LIABILITIES AND STOCKHOLDER'S EQUITY

CURRENT LIABILITIES Employee Loan Payable

STOCKHOLDER'S EQUITY

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

Retained Earnings-Income Tax Basis

Total Stockholder's Equity

Total Liabilities and Stockholders' Equity

$ 318

500 728,403

728,903

$ 729,221

SEE ACCOMPANYING ACCOUNTANT'S COMPILATION REPORT

I

REVENUES

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

FOR THE YEAR ENDED December 31, 2018

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 BASIS

STOCKHOLDER DISTRIBUTIONS

$ 4,471,223

(3,769,929)

701,294

5,301

706,595

664,831

643,023)

RETAINED EARNINGS, EN D OF YEAR -INCOME TAX BASIS $ 728,403

SEE ACCOMPANYING ACCOUNTANT'S COMPILATION REPORT

EXPENSES

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

FOR THE YEAR ENDED December 31, 2018

Accreditation Advertising Bank Charges Children's Activities Conferences Contract Services Depreciation Director's Fees Dues and Subscriptions Employee Lease Expense Fire Safety Gifts Groceries Insurance Lawn Care Legal and Accounting Licenses Loss on Fixed Asset Disposals Maintenance and Repairs Meals Non-Compete Agreement and

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

Total Expenses

$ 3,620 3,188 7,938

32,754 3,925 8,381

129,474 30,000

441 793,053

12,490 3,287

288,390 149,776

41,565 16,890

3,269 121

110,784 3,026

6,667 50,015

6,371 11,658

83 1,324

108,720 308,000

1,279,652 65,072

924 124,097

15,833 94,576 54,565

$3,769,929

SEE ACCOMPANYING ACOUNTANT'S COMPILATION REPORT