Company Background: Stripe Coffee Ltd. designs, builds and operates community-oriented cafs and currently has a total of 25 cafes operating in Canada and the United States. STRIPE COFFEE LTD. STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017 (In Canadian Dollars) 2018 2017 Revenues Cost of sales Gross profit 9,497,107 3,766,979 5,730,128 7,526,204 2,465,735 5,060,469 Expenses Salaries and wages Occupancy costs Interest expenses Credit card fees and bank charges Office and general Professional fees Consulting Travel Misc Depreciation 3,628,086 1,172,479 181,238 199,618 288,368 285,383 144,469 108,015 6,320 314,557 3,065,098 1,298,585 263,183 166,813 266,140 235,438 61,970 90,947 33,185 395,276 6,328,533 5,876,635 (598,405) (816,166) Loss before income taxes Income tax Net (loss) (598,405) (816,166) STRIPE COFFEE LTD. STATEMENTS OF CHANGES IN DEFICIT FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017 (In Canadian Dollars) Common shares Balance, Dec 31, 2017 11,359,260 Share transactions 194,613 Net Loss Balance, Dec 31, 2018 11,553,873 Preferred shares 300,767 (32,318) Contributed surplus 3,045,122 (241,863) Retained earnings/ Accumulated Deficit (16,304,750) 1,000,385 (598,405) (15,902,770) Total (1,599,601) 920,817 (598,405) (1,277,189) 268,4492,803,259 STRIPE COFFEE LTD. STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2018 AND 2017 (In Canadian Dollars) 2018 2017 $ Assets Current Cash Accounts receivables Inventory Loans receivable Prepaid and other assets 4,854 180,000 118,961 305,604 365,135 974,554 34,693 318,113 100,000 347,157 169,010 968,973 Property and equipment 1,165,760 2.140 314 1,236,620 2,205,593 Liabilities Current Accounts payable Accrued liabilities Deferred revenue Loan payable Current portion of long-term debt 1,146,887 63,338 205,442 203,264 23,734 1,005,252 173,830 295,269 186,921 38,112 Long-term debt Mortgage 1,642,665 1,596,585 220,599 3,459,849 1,699,384 1,787,957 346,420 3,833,761 Shareholders' deficit Common shares Preferred shares 11,511,427 268,549 11,330,693 300,767 3,045,122 (16,304,750) Contributed surplus Accumulated deficit 2,803,259 (15,902,770) (1,319,535) (1,628,168) 2,140,314 2,205,593 Current ratio 2018 Current ratio 2017 A/R Tumover 2018 (in days) These turnover ratios will require long formulas so be careful with the logic you create Inventory turnover 2018 (in days) Gross profit margin 2018 Gross profit margin 2017 Debt to total assets 2018