Financial Projections

$400K

$300K

$200K

$100K

$0

Revenue FY2023 FY2024 FY2025 FY2026 FY2027

Daycare Services - Revenue $193,800 $242,250 $254,358 $267,075 $280,429

Totals $193,800 $242,250 $254,358 $267,075 $280,429

Direct Costs

Direct Costs FY2023 FY2024 FY2025 FY2026 FY2027

Direct Labor $80,640 $96,768 $96,768 $96,768 $96,768 Salaries and Wages $67,200 $80,640 $80,640 $80,640 $80,640 Daycare staff (1 93) $41,600 $49,920 $49,920 $49,920 $49,920 Director (0 97) $25,600 $30,720 $30,720 $30,720 $30,720

Employee-Related Expenses $13,440 $16,128 $16,128 $16,128 $16,128

Totals $80,640 $96,768 $96,768 $96,768 $96,768

Personnel FY2023 FY2024 FY2025 FY2026 FY2027

Head Count 2.5 3 3 3 3

Average Salary $26,880 $26,880 $26,880 $26,880 $26,880 Revenue Per Employee $77,520 $80,750 $84,786 $89,025 $93,476 Net Prot Per Employee ($68,041) ($7,853) ($3,462) $1,256 $6,119

Direct Labor $80,640 $96,768 $96,768 $96,768 $96,768 Salaries & Wages $67,200 $80,640 $80,640 $80,640 $80,640 Daycare staff (1 93) $41,600 $49,920 $49,920 $49,920 $49,920 Director (0 97) $25,600 $30,720 $30,720 $30,720 $30,720 Employee-Related Expenses $13,440 $16,128 $16,128 $16,128 $16,128

Totals $80,640 $96,768 $96,768 $96,768 $96,768

Expenses (1 of 2)

Expenses FY2023 FY2024 FY2025 FY2026 FY2027

Rent $48,000 $48,000 $48,000 $48,000 $48,000 Utilities $30,000 $30,000 $30,000 $30,000 $30,000

Insurance $6,000 $6,000 $6,000 $6,000 $6,000

Renovation $42,000

Architect Fees $10,000 Storage $3,000

Ofce, Cleaning and kitchen Supplies $4,400 $4,800 $4,800 $4,800 $4,800

Food $35,000 $42,000 $42,000 $42,000 $42,000

Marketing $5,500 $6,000 $6,000 $6,000 $6,000

Phone and Internet $1,800 $1,800 $1,800 $1,800 $1,800

Website development $2,500

Website hosting fee $1,100 $1,200 $1,200 $1,200 $1,200

Extermination fees $750 $900 $900 $900 $900

Trash disposal $1,000 $1,200 $1,200 $1,200 $1,200

Credit card fee $4,264 $5,329 $5,596 $5,876 $6,169

(3) Laptops $4,500

General Furnishings $20,000

Ofce Decor $3,500

Sound and media system $2,500

Expenses (2 of 2)

continued from previous page

Expenses FY2023 FY2024 FY2025 FY2026 FY2027

Security system $1,500

Washroom Equipment $1,000

Maintenance Equipment $3,000

Kitchen Equipment $10,000

Architect Fees $15,000

Business Consulting Fees $4,500

Totals $260,814 $147,229 $147,496 $147,776 $148,069

Early Learning Academy: 2022-2027 Updated Financials

Excluding cash, accounts receivable, etc

Assets FY2023 FY2024 FY2025 FY2026 FY2027

Long-term assets $39,199 $31,780 $24,361 $17,248 $10,162

(3) Laptops $3,675 $2,775 $1,875 $975 $75 General furnishings $17,381 $14,524 $11,667 $8,810 $5,952

Ofce Decor $3,042 $2,542 $2,042 $1,542 $1,042

Sound and media system $2,042 $1,542 $1,042 $542 $42

Security system $1,225 $925 $625 $325 $25

Washroom equipment $694 $361 $28 $0 $0

Maintenance equipment $2,450 $1,850 $1,250 $650 $50 Kitchen equipment $8,690 $7,262 $5,833 $4,405 $2,976

Financing

Projected cash in FY2023

Cash at year's end

$50K

$25K

$0

($25K)

($50K)

Financing FY2023 FY2024 FY2025 FY2026 FY2027

Amount received

SBA 7a Loan

Payments $35,976 $35,976 $35,976 $35,976 $35,976 SBA 7a Loan $35,976 $35,976 $35,976 $35,976 $35,976

Principal Paid $20,329 $21,583 $22,914 $24,327 $25,828 Interest Paid $15,647 $14,393 $13,062 $11,649 $10,148

Balance $249,671 $228,088 $205,174 $180,847 $155,019 Short-Term Debt $21,583 $22,914 $24,327 $25,828 $27,421

SBA 7a Loan $21,583 $22,914 $24,327 $25,828 $27,421

Long-Term Debt $228,088 $205,174 $180,847 $155,019 $127,598 SBA 7a Loan $228,088 $205,174 $180,847 $155,019 $127,598

Projected Prot & Loss (1 of 2)

Net prot in FY2023

($25K)

($50K)

($75K)

($100K)

Net prot by year

$200K

$100K

$0

($100K)

$0 FY2023 FY2024 FY2025 FY2026 FY2027 ($200K)

Projected Prot & Loss

FY2023 FY2024 FY2025 FY2026 FY2027

Revenue $193,800 $242,250 $254,358 $267,075 $280,429 Daycare Services - Revenue $193,800 $242,250 $254,358 $267,075 $280,429

Direct Costs $80,640 $96,768 $96,768 $96,768 $96,768

Direct Labor $80,640 $96,768 $96,768 $96,768 $96,768

Salaries & Wages $67,200 $80,640 $80,640 $80,640 $80,640 Daycare staff (1 93) $41,600 $49,920 $49,920 $49,920 $49,920 Director (0 97) $25,600 $30,720 $30,720 $30,720 $30,720

Employee Related Expenses $13,440 $16,128 $16,128 $16,128 $16,128

Gross Margin $113,160 $145,482 $157,590 $170,307 $183,661

Gross Margin % 58% 60% 62% 64% 65%

Operating Expenses $260,814 $147,229 $147,496 $147,776 $148,069

Rent $48,000 $48,000 $48,000 $48,000 $48,000 Utilities $30,000 $30,000 $30,000 $30,000 $30,000

Insurance $6,000 $6,000 $6,000 $6,000 $6,000

Renovation $42,000

Architect Fees $10,000 Storage $3,000

Ofce, Cleaning and kitchen Supplies $4,400 $4,800 $4,800 $4,800 $4,800

Food $35,000 $42,000 $42,000 $42,000 $42,000 Marketing $5,500 $6,000 $6,000 $6,000 $6,000

Phone and Internet $1,800 $1,800 $1,800 $1,800 $1,800

Website development $2,500

Website hosting fee $1,100 $1,200 $1,200 $1,200 $1,200

Extermination fees $750 $900 $900 $900 $900

Projected Prot & Loss (2 of 2)

continued from previous page

Projected Prot & Loss

FY2023 FY2024 FY2025 FY2026 FY2027

Trash disposal $1,000 $1,200 $1,200 $1,200 $1,200

Credit card fee $4,264 $5,329 $5,596 $5,876 $6,169

(3) Laptops $4,500

General Furnishings $20,000

Ofce Decor $3,500

Sound and media system $2,500

Security system $1,500

Washroom Equipment $1,000

Maintenance Equipment $3,000

Kitchen Equipment $10,000

Architect Fees $15,000

Business Consulting Fees $4,500

Operating Income ($147,654) ($1,747) $10,094 $22,531 $35,592

Interest Expense $15,647 $14,393 $13,062 $11,649 $10,148

Income Taxes $0 $0 $0 $0 $0

Depreciation and Amortization $6,801 $7,419 $7,419 $7,113 $7,086

Total Expenses $363,901 $265,810 $264,745 $263,306 $262,071

Net Prot ($170,101) ($23,560) ($10,387) $3,769 $18,358

Net Prot % (88%) (10%) (4%) 1% 7%

Projected Balance Sheet

Projected Balance Sheet

FY2023 FY2024 FY2025 FY2026 FY2027

Assets $79,570 $34,427 $1,126 ($19,432) ($26,902) Current Assets $40,370 $2,647 ($23,235) ($36,680) ($37,064) Cash $40,370 $2,647 ($23,235) ($36,680) ($37,064) Accounts Receivable $0 $0 $0 $0 $0

Long-Term Assets $39,199 $31,780 $24,361 $17,248 $10,162 Long-Term Assets $46,000 $46,000 $46,000 $46,000 $46,000 Accumulated Depreciation ($6,801) ($14,220) ($21,639) ($28,752) ($35,838)

Liabilities & Equity $79,570 $34,427 $1,126 ($19,432) ($26,902)

Liabilities $249,671 $228,088 $205,174 $180,847 $155,019 Current Liabilities $21,583 $22,914 $24,327 $25,828 $27,421 Accounts Payable $0 $0 $0 $0 $0 Income Taxes Payable $0 $0 $0 $0 $0 Sales Taxes Payable $0 $0 $0 $0 $0 Short-Term Debt $21,583 $22,914 $24,327 $25,828 $27,421 Long-Term Liabilities $228,088 $205,174 $180,847 $155,019 $127,598 Long-Term Debt $228,088 $205,174 $180,847 $155,019 $127,598 Equity ($170,101) ($193,661) ($204,048) ($200,279) ($181,921) Retained Earnings $0 ($170,101) ($193,661) ($204,048) ($200,279) Earnings ($170,101) ($23,560) ($10,387) $3,769 $18,358

Projected Cash Flow

Cash ow in FY2023 Cash ow by year

$100K

($50K)

($100K)

($150K)

$0

$0

($100K)

($200K)

$50K FY2023 FY2024 FY2025 FY2026 FY2027 ($300K)

Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23

Projected Cash Flow

FY2023 FY2024 FY2025 FY2026 FY2027

Net Cash from Operations ($163,301) ($16,141) ($2,968) $10,883 $25,443 Net Prot ($170,101) ($23,560) ($10,387) $3,769 $18,358

Depreciation and Amortization $6,801 $7,419 $7,419 $7,113 $7,086

Change in Accounts Receivable $0 $0 $0 $0 $0

Change in Accounts Payable $0 $0 $0 $0 $0

Change in Income Tax Payable $0 $0 $0 $0 $0

Change in Sales Tax Payable $0 $0 $0 $0 $0

Net Cash from Investing ($46,000) Assets Purchased or Sold ($46,000)

Net Cash from Financing ($20,329) ($21,583) ($22,914) ($24,327) ($25,828)

Change in Short-Term Debt $1,254 $1,331 $1,413 $1,500 $1,593 Change in Long-Term Debt ($21,583) ($22,914) ($24,327) ($25,828) ($27,421)

Cash at Beginning of Period $270,000 $40,370 $2,647 ($23,235) ($36,680)

Net Change in Cash ($229,630) ($37,724) ($25,882) ($13,445) ($384)

Cash at End of Period $40,370 $2,647 ($23,235) ($36,680) ($37,064)

Revenue: FY2023

Revenue Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 FY2023

Daycare Services - Revenue

Totals

$19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $194K

$19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $194K

Prestige Early Learning Academy: 2022-2027 Updated Financials

Revenue: FY2024

Revenue Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 June '24 July '24 Aug '24 Sept '24 FY2024

Daycare Services - Revenue $19,380 $19,380 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $242K

Totals $19,380 $19,380 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $242K

Prestige Early Learning Academy: 2022-2027 Updated Financials

Revenue: FY2025

Revenue Oct '24 Nov '24 Dec '24 Jan '25 Feb '25 Mar '25 Apr '25 May '25 June '25 July '25 Aug '25 Sept '25 FY2025

Daycare Services - Revenue $20,349 $20,349 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $254K

Totals $20,349 $20,349 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $254K

Prestige Early Learning Academy: 2022-2027 Updated Financials

Direct Costs: FY2023

Direct Costs

Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 FY2023

Direct Labor

$8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $80,640

Salaries and Wages $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $67,200 Daycare staff (1.93) $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $41,600 Director (0 97) $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $25,600

Employee-Related Expenses

$1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $13,440

Totals $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $80,640

Prestige Early Learning Academy: 2022-2027 Updated Financials

Direct Costs: FY2024

Direct Costs Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 June '24 July '24 Aug '24 Sept '24 FY2024

Direct Labor $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $96,768

Salaries and Wages $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $80,640 Daycare staff (1.93) $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $49,920

Director (0 97) $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $30,720

Employee-Related Expenses $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $16,128

Totals $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $96,768

Prestige Early Learning Academy: 2022-2027 Updated Financials

Direct Costs: FY2025

Direct Costs Oct '24 Nov '24 Dec '24 Jan '25 Feb '25 Mar '25 Apr '25 May '25 June '25 July '25 Aug '25 Sept '25 FY2025

Direct Labor $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $96,768

Salaries and Wages $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $80,640

Daycare staff (1.93) $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $49,920

Director (0 97) $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $30,720

Employee-Related Expenses $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $16,128

Totals $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $96,768

Prestige Early Learning Academy: 2022-2027 Updated Financials

Personnel: FY2023

Personnel Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 FY2023

Head Count 3 3 3 3 3 3 3 3 3 3 2.5

Average Salary $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $26,880

Revenue Per Employee $6,460 $6,460 $6,460 $6,460 $6,460 $6,460 $6,460 $6,460 $6,460 $6,460 $77,520

Net Prot Per Employee ($962) ($960) ($957) ($954) ($951) ($948) ($946) ($943) ($940) ($937) ($68K)

Direct Labor $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $80,640

Salaries & Wages $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $67,200 Daycare staff (1 93) $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $41,600

Director (0.97) $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $25,600

Employee-Related Expenses

$1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $13,440

Totals $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $80,640

Prestige Early Learning Academy: 2022-2027 Updated Financials

Personnel: FY2024

Personnel Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 June '24 July '24 Aug '24 Sept '24 FY2024

Head Count 3 3 3 3 3 3 3 3 3 3 3 3 3

Average Salary $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $26,880

Revenue Per Employee $6,460 $6,460 $6,783 $6,783 $6,783 $6,783 $6,783 $6,783 $6,783 $6,783 $6,783 $6,783 $80,750

Net Prot Per Employee ($934) ($931) ($612) ($609) ($606) ($603) ($600) ($597) ($594) ($591) ($588) ($585) ($7,853)

Direct Labor $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $96,768

Salaries & Wages $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $80,640

Daycare staff (1 93) $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $49,920

Director (0.97) $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $30,720

Employee-Related Expenses $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $16,128

Totals $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $96,768

Prestige Early Learning Academy: 2022-2027 Updated Financials

Personnel: FY2025

Personnel Oct '24 Nov '24 Dec '24 Jan '25 Feb '25 Mar '25 Apr '25 May '25 June '25 July '25 Aug '25 Sept '25 FY2025

Head Count 3 3 3 3 3 3 3 3 3 3 3 3 3

Average Salary $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $2,240 $26,880

Revenue Per Employee $6,783 $6,783 $7,122 $7,122 $7,122 $7,122 $7,122 $7,122 $7,122 $7,122 $7,122 $7,122 $84,786

Net Prot Per Employee ($582) ($579) ($244) ($241) ($238) ($235) ($232) ($229) ($225) ($222) ($219) ($216) ($3,462)

Direct Labor $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $96,768

Salaries & Wages $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $80,640

Daycare staff (1 93) $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $49,920

Director (0.97) $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $30,720

Employee-Related Expenses $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $16,128

Totals $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $96,768

Prestige Early Learning Academy: 2022-2027 Updated Financials

Expenses: FY2023 (1 of 3)

Expenses Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 FY2023

Rent $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $48,000

Utilities $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $30,000

Insurance $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $6,000

Renovation $42,000 $42,000

Architect Fees $10,000 $10,000 Storage $3,000 $3,000

Ofce, Cleaning and kitchen Supplies $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $4,400

Food $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $35,000

Marketing $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $5,500

Phone and Internet $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $1,800

Website development $2,500 $2,500

Website hosting fee $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,100

Prestige Early Learning Academy: 2022-2027 Updated Financials

Expenses: FY2023 (2 of 3)

continued from previous page

Expenses Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 FY2023

Extermination fees $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $750

Trash disposal $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,000

Credit card fee $426 $427 $426 $426 $427 $426 $427 $426 $426 $427 $4,264

(3) Laptops $4,500 $4,500

General Furnishings $20,000 $20,000

Ofce Decor $3,500 $3,500

Sound and media system $2,500 $2,500

Security system $1,500 $1,500

Washroom Equipment $1,000 $1,000

Maintenance Equipment $3,000 $3,000

Kitchen Equipment $10,000 $10,000

Architect Fees $15,000 $15,000

Business Consulting Fees $4,500 $4,500 continued on next page...

Prestige Early Learning Academy: 2022-2027 Updated Financials

Expenses: FY2023 (3 of 3)

continued from previous page

Expenses Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 FY2023

Totals $78,650 $59,650 $12,251 $12,252 $12,251 $12,251 $12,252 $12,251 $12,252 $12,251 $12,251 $12,252 $261K

Prestige Early Learning Academy: 2022-2027 Updated Financials

Expenses: FY2024 (1 of 3)

Expenses Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 June '24 July '24 Aug '24 Sept '24 FY2024

Rent $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $48,000

Utilities $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $30,000

Insurance $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $6,000

Renovation

Architect Fees

Storage

Ofce, Cleaning and kitchen Supplies $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $4,800

Food $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $42,000

Marketing $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $6,000

Phone and Internet $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $1,800

Website development

Website hosting fee $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,200

Expenses: FY2024 (2 of 3)

continued from previous page

Extermination

Trash disposal $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,200

Credit card fee $426 $426 $448 $448 $447 $448 $448 $447 $448 $448 $447 $448 $5,329

(3) Laptops

General Furnishings

Ofce Decor

Sound and media system

Security system

Washroom Equipment

Maintenance Equipment

Kitchen Equipment

Architect Fees

Expenses: FY2024 (3 of 3)

continued from previous page

Expenses Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 June '24 July '24 Aug '24 Sept '24 FY2024

Totals $12,251 $12,251 $12,273 $12,273 $12,272 $12,273 $12,273 $12,272 $12,273 $12,273 $12,272 $12,273 $147K

Prestige Early Learning Academy: 2022-2027 Updated Financials

Expenses: FY2025 (1 of 3)

Expenses Oct '24 Nov '24 Dec '24 Jan '25 Feb '25 Mar '25 Apr '25 May '25 June '25 July '25 Aug '25 Sept '25 FY2025

Rent $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $48,000

Utilities $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $30,000

Insurance $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $6,000

Renovation

Architect Fees

Storage

Ofce, Cleaning and kitchen Supplies $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $4,800

Food $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $42,000

Marketing $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $6,000

Phone and Internet $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $1,800

Website development

Website hosting fee $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,200

Expenses: FY2025 (2 of 3)

continued from previous page

Extermination

Trash disposal $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,200

(3) Laptops

General Furnishings

Ofce Decor

Sound and media system

Security system

Washroom Equipment

Maintenance Equipment

Kitchen Equipment

Architect Fees

Expenses: FY2025 (3 of 3)

continued from previous page

Expenses Oct '24 Nov '24 Dec '24 Jan '25 Feb '25 Mar '25 Apr '25 May '25 June '25 July '25 Aug '25 Sept '25 FY2025

Totals $12,273 $12,272 $12,296 $12,295 $12,295 $12,295 $12,295 $12,295 $12,295 $12,295 $12,295 $12,295 $148K

Prestige Early Learning Academy: 2022-2027 Updated Financials

Assets: FY2023

Excluding cash, accounts receivable, etc

Assets Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 FY2023

Long-term assets $45,382 $44,763 $44,145 $43,527 $42,909 $42,290 $41,672 $41,054 $40,436 $39,817 $39,199 $39,199

(3) Laptops $4,425 $4,350 $4,275 $4,200 $4,125 $4,050 $3,975 $3,900 $3,825 $3,750 $3,675 $3,675 General furnishings $19,762 $19,524 $19,286 $19,048 $18,810 $18,571 $18,333 $18,095 $17,857 $17,619 $17,381 $17,381

Ofce Decor $3,458 $3,417 $3,375 $3,333 $3,292 $3,250 $3,208 $3,167 $3,125 $3,083 $3,042 $3,042

Sound and media system $2,458 $2,417 $2,375 $2,333 $2,292 $2,250 $2,208 $2,167 $2,125 $2,083 $2,042 $2,042

Security system $1,475 $1,450 $1,425 $1,400 $1,375 $1,350 $1,325 $1,300 $1,275 $1,250 $1,225 $1,225

Washroom equipment $972 $944 $917 $889 $861 $833 $806 $778 $750 $722 $694 $694

Maintenance equipment $2,950 $2,900 $2,850 $2,800 $2,750 $2,700 $2,650 $2,600 $2,550 $2,500 $2,450 $2,450

Kitchen equipment $9,881 $9,762 $9,643 $9,524 $9,405 $9,286 $9,167 $9,048 $8,929 $8,810 $8,690 $8,690

Prestige Early Learning Academy: 2022-2027 Updated Financials

Assets: FY2024

Excluding cash, accounts receivable, etc

Assets Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 June '24 July '24 Aug '24 Sept '24 FY2024

Long-term assets $38,581 $37,963 $37,344 $36,726 $36,108 $35,490 $34,871 $34,253 $33,635 $33,017 $32,398 $31,780 $31,780

(3) Laptops $3,600 $3,525 $3,450 $3,375 $3,300 $3,225 $3,150 $3,075 $3,000 $2,925 $2,850 $2,775 $2,775

General furnishings $17,143 $16,905 $16,667 $16,429 $16,190 $15,952 $15,714 $15,476 $15,238 $15,000 $14,762 $14,524 $14,524

Ofce Decor $3,000 $2,958 $2,917 $2,875 $2,833 $2,792 $2,750 $2,708 $2,667 $2,625 $2,583 $2,542 $2,542

Sound and media system $2,000 $1,958 $1,917 $1,875 $1,833 $1,792 $1,750 $1,708 $1,667 $1,625 $1,583 $1,542 $1,542

Security system $1,200 $1,175 $1,150 $1,125 $1,100 $1,075 $1,050 $1,025 $1,000 $975 $950 $925 $925

Washroom equipment $667 $639 $611 $583 $556 $528 $500 $472 $444 $417 $389 $361 $361

Maintenance equipment $2,400 $2,350 $2,300 $2,250 $2,200 $2,150 $2,100 $2,050 $2,000 $1,950 $1,900 $1,850 $1,850

Kitchen equipment $8,571 $8,452 $8,333 $8,214 $8,095 $7,976 $7,857 $7,738 $7,619 $7,500 $7,381 $7,262 $7,262

Prestige Early Learning Academy: 2022-2027 Updated Financials

Assets: FY2025

Excluding cash, accounts receivable, etc

Assets Oct '24 Nov '24 Dec '24 Jan '25 Feb '25 Mar '25 Apr '25 May '25 June '25 July '25 Aug '25 Sept '25 FY2025

Long-term assets $31,162 $30,544 $29,925 $29,307 $28,689 $28,071 $27,452 $26,834 $26,216 $25,598 $24,979 $24,361 $24,361

(3) Laptops $2,700 $2,625 $2,550 $2,475 $2,400 $2,325 $2,250 $2,175 $2,100 $2,025 $1,950 $1,875 $1,875

General furnishings $14,286 $14,048 $13,810 $13,571 $13,333 $13,095 $12,857 $12,619 $12,381 $12,143 $11,905 $11,667 $11,667

Ofce Decor $2,500 $2,458 $2,417 $2,375 $2,333 $2,292 $2,250 $2,208 $2,167 $2,125 $2,083 $2,042 $2,042

Sound and media system $1,500 $1,458 $1,417 $1,375 $1,333 $1,292 $1,250 $1,208 $1,167 $1,125 $1,083 $1,042 $1,042

Security system $900 $875 $850 $825 $800 $775 $750 $725 $700 $675 $650 $625 $625

Washroom equipment $333 $306 $278 $250 $222 $194 $167 $139 $111 $83 $56 $28 $28

Maintenance equipment $1,800 $1,750 $1,700 $1,650 $1,600 $1,550 $1,500 $1,450 $1,400 $1,350 $1,300 $1,250 $1,250

Kitchen equipment $7,143 $7,024 $6,905 $6,786 $6,667 $6,548 $6,429 $6,310 $6,190 $6,071 $5,952 $5,833 $5,833

Prestige Early Learning Academy: 2022-2027 Updated Financials

Financing: FY2023

Financing Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 FY2023

Amount received

SBA 7a Loan

Payments $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $35,976

SBA 7a Loan $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $35,976

Principal Paid $1,648 $1,656 $1,665 $1,673 $1,681 $1,689 $1,698 $1,707 $1,715 $1,724 $1,732 $1,741 $20,329

Interest Paid $1,350 $1,342 $1,333 $1,325 $1,317 $1,309 $1,300 $1,291 $1,283 $1,274 $1,266 $1,257 $15,647

Balance $268K $267K $265K $263K $262K $260K $258K $257K $255K $253K $251K $250K $250K

Short-Term Debt $20,431 $20,533 $20,635 $20,739 $20,842 $20,947 $21,051 $21,157 $21,262 $21,369 $21,475 $21,583 $21,583

SBA 7a Loan $20,431 $20,533 $20,635 $20,739 $20,842 $20,947 $21,051 $21,157 $21,262 $21,369 $21,475 $21,583 $21,583

Long-Term Debt $248K $246K $244K $243K $241K $239K $237K $235K $234K $232K $230K $228K $228K

SBA 7a Loan $248K $246K $244K $243K $241K $239K $237K $235K $234K $232K $230K $228K $228K

Prestige Early Learning Academy: 2022-2027 Updated Financials

Financing: FY2024

Financing Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 June '24 July '24 Aug '24 Sept '24 FY2024

Amount received

SBA 7a Loan

Payments $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $35,976

SBA 7a Loan $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $35,976

Principal Paid $1,750 $1,758 $1,767 $1,776 $1,785 $1,794 $1,803 $1,812 $1,820 $1,830 $1,840 $1,848 $21,583

Interest Paid $1,248 $1,240 $1,231 $1,222 $1,213 $1,204 $1,195 $1,186 $1,178 $1,168 $1,158 $1,150 $14,393

Balance $248K $246K $244K $243K $241K $239K $237K $235K $234K $232K $230K $228K $228K

Short-Term Debt $21,691 $21,799 $21,908 $22,018 $22,128 $22,238 $22,350 $22,461 $22,574 $22,687 $22,800 $22,914 $22,914

SBA 7a Loan $21,691 $21,799 $21,908 $22,018 $22,128 $22,238 $22,350 $22,461 $22,574 $22,687 $22,800 $22,914 $22,914

Long-Term Debt $226K $224K $222K $221K $219K $217K $215K $213K $211K $209K $207K $205K $205K

SBA 7a Loan $226K $224K $222K $221K $219K $217K $215K $213K $211K $209K $207K $205K $205K

Prestige Early Learning Academy: 2022-2027 Updated Financials

Financing: FY2025

Financing Oct '24 Nov '24 Dec '24 Jan '25 Feb '25 Mar '25 Apr '25 May '25 June '25 July '25 Aug '25 Sept '25 FY2025

Amount received

SBA 7a Loan

Payments $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $35,976

SBA 7a Loan $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $2,998 $35,976

Principal Paid $1,857 $1,867 $1,876 $1,886 $1,895 $1,904 $1,914 $1,924 $1,933 $1,943 $1,953 $1,962 $22,914

Interest Paid $1,141 $1,131 $1,122 $1,112 $1,103 $1,094 $1,084 $1,074 $1,065 $1,055 $1,045 $1,036 $13,062

Balance $226K $224K $222K $221K $219K $217K $215K $213K $211K $209K $207K $205K $205K

Short-Term Debt $23,029 $23,144 $23,259 $23,376 $23,493 $23,610 $23,728 $23,847 $23,966 $24,086 $24,206 $24,327 $24,327

SBA 7a Loan $23,029 $23,144 $23,259 $23,376 $23,493 $23,610 $23,728 $23,847 $23,966 $24,086 $24,206 $24,327 $24,327

Long-Term Debt $203K $201K $199K $197K $195K $193K $191K $189K $187K $185K $183K $181K $181K

SBA 7a Loan $203K $201K $199K $197K $195K $193K $191K $189K $187K $185K $183K $181K $181K

Prestige Early Learning Academy: 2022-2027 Updated Financials

Projected Prot & Loss: FY2023 (1 of 3)

Projected Prot & Loss Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 FY2023

Revenue $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $194K

Daycare Services - Revenue $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $19,380 $194K

Direct Costs $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $80,640

Direct Labor $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $80,640

Salaries & Wages $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $67,200

Daycare staff (1.93) $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $41,600

Director (0 97) $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $25,600

Employee Related Expenses $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $13,440

Gross Margin $11,316 $11,316 $11,316 $11,316 $11,316 $11,316 $11,316 $11,316 $11,316 $11,316 $113K

Gross Margin % 58% 58% 58% 58% 58% 58% 58% 58% 58% 58% 58%

Operating Expenses $78,650 $59,650 $12,251 $12,252 $12,251 $12,251 $12,252 $12,251 $12,252 $12,251 $12,251 $12,252 $261K Rent $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $48,000 Utilities $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $30,000 Insurance $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $6,000

Prestige Early Learning Academy: 2022-2027 Updated Financials

Projected Prot & Loss: FY2023 (2 of 3)

continued from previous page

Projected Prot & Loss Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 FY2023

Ofce, Cleaning and kitchen Supplies $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $4,400

Food $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $35,000

Marketing $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $5,500

Phone and Internet $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $1,800

Website development $2,500 $2,500

Website hosting fee $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,100

Extermination fees $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $750

Trash disposal $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,000

Credit card fee $426 $427 $426 $426 $427 $426 $427 $426 $426 $427 $4,264

(3) Laptops $4,500 $4,500

General Furnishings $20,000 $20,000

Ofce Decor $3,500 $3,500

Sound and media system $2,500 $2,500 Security system $1,500 $1,500

Washroom Equipment $1,000 $1,000

Maintenance Equipment $3,000 $3,000

Kitchen Equipment $10,000 $10,000

Architect Fees $15,000 $15,000

Business Consulting Fees $4,500 $4,500

Prestige Early Learning Academy: 2022-2027 Updated Financials

Projected Prot & Loss: FY2023 (3 of 3)

continued from previous page

Projected Prot & Loss Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 FY2023

Operating Income ($79K) ($60K) ($935) ($936) ($935) ($935) ($936) ($935) ($936) ($935) ($935) ($936) ($148K)

Interest Expense $1,350 $1,342 $1,333 $1,325 $1,317 $1,309 $1,300 $1,291 $1,283 $1,274 $1,266 $1,257 $15,647

Income Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Depreciation and Amortization $618 $619 $618 $618 $618 $619 $618 $618 $618 $619 $618 $6,801

Total Expenses $80,000 $61,610 $22,267 $22,259 $22,250 $22,242 $22,234 $22,225 $22,216 $22,208 $22,200 $22,190 $364K

Net Prot ($80K) ($62K) ($2,887) ($2,879) ($2,870) ($2,862) ($2,854) ($2,845) ($2,836) ($2,828) ($2,820) ($2,810) ($170K)

Net Prot % (15%) (15%) (15%) (15%) (15%) (15%) (15%) (15%) (15%) (15%) (88%)

Prestige Early Learning Academy: 2022-2027 Updated Financials

Projected Prot & Loss: FY2024 (1 of 3)

Projected Prot & Loss Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 June '24 July '24 Aug '24 Sept '24 FY2024

Revenue $19,380 $19,380 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $242K

Daycare Services - Revenue $19,380 $19,380 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $20,349 $242K

Direct Costs $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $96,768

Direct Labor $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $96,768

Salaries & Wages $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $80,640

Daycare staff (1.93) $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $49,920

Director (0 97) $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $30,720

Employee Related Expenses $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $16,128

Gross Margin $11,316 $11,316 $12,285 $12,285 $12,285 $12,285 $12,285 $12,285 $12,285 $12,285 $12,285 $12,285 $145K

Operating Expenses $12,251 $12,251 $12,273 $12,273 $12,272 $12,273 $12,273 $12,272 $12,273 $12,273 $12,272 $12,273 $147K

Rent $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $48,000 Utilities $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $30,000 Insurance $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $6,000 Renovation

Architect Fees Storage

Prestige Early Learning Academy: 2022-2027 Updated Financials

Projected Prot & Loss: FY2024 (2 of 3)

continued from previous page

Ofce, Cleaning and kitchen Supplies $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $4,800

Food $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $42,000

Marketing $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $6,000

Phone and Internet $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $1,800

Website development

Website hosting fee $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,200

Extermination fees $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $900

Trash disposal $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,200

Credit card fee $426 $426 $448 $448 $447 $448 $448 $447 $448 $448 $447 $448 $5,329

Projected Prot & Loss: FY2024 (3 of 3)

continued from previous page

Projected Prot & Loss Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 June '24 July '24 Aug '24 Sept '24 FY2024

Operating Income ($935) ($935) $12 $12 $13 $12 $12 $13 $12 $12 $13 $12 ($1,747)

Interest Expense $1,248 $1,240 $1,231 $1,222 $1,213 $1,204 $1,195 $1,186 $1,178 $1,168 $1,158 $1,150 $14,393

Income Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Depreciation and Amortization $618 $618 $619 $618 $618 $618 $619 $618 $618 $618 $619 $618 $7,419

Total Expenses $22,182 $22,174 $22,185 $22,177 $22,168 $22,159 $22,151 $22,141 $22,132 $22,123 $22,113 $22,105 $266K

Net Prot ($2,802) ($2,794) ($1,836) ($1,828) ($1,819) ($1,810) ($1,802) ($1,792) ($1,783) ($1,774) ($1,764) ($1,756) ($24K)

Net Prot % (14%) (14%) (9%) (9%) (9%) (9%) (9%) (9%) (9%) (9%) (9%) (9%) (10%)

Prestige Early Learning Academy: 2022-2027 Updated Financials

Projected Prot & Loss: FY2025 (1 of 3)

Projected Prot & Loss Oct '24 Nov '24 Dec '24 Jan '25 Feb '25 Mar '25 Apr '25 May '25 June '25 July '25 Aug '25 Sept '25 FY2025

Revenue $20,349 $20,349 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $254K

Daycare Services - Revenue $20,349 $20,349 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $21,366 $254K

Direct Costs $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $96,768

Direct Labor $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $8,064 $96,768

Salaries & Wages $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $6,720 $80,640

Daycare staff (1.93) $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $4,160 $49,920

Director (0 97) $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $2,560 $30,720

Employee Related Expenses $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $1,344 $16,128

Gross Margin $12,285 $12,285 $13,302 $13,302 $13,302 $13,302 $13,302 $13,302 $13,302 $13,302 $13,302 $13,302 $158K

Operating Expenses $12,273 $12,272 $12,296 $12,295 $12,295 $12,295 $12,295 $12,295 $12,295 $12,295 $12,295 $12,295 $148K

Rent $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $48,000 Utilities $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $30,000 Insurance $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $6,000 Renovation

Architect Fees Storage

Prestige Early Learning Academy: 2022-2027 Updated Financials

Projected Prot & Loss: FY2025 (2 of 3)

continued from previous page

Ofce, Cleaning and kitchen Supplies $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $4,800

Food $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $42,000

Marketing $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $6,000

Phone and Internet $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $1,800

Website development

Website hosting fee $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,200

Extermination fees $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $75 $900

Trash disposal $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,200

Credit card fee $448 $447 $471 $470 $470 $470 $470 $470 $470 $470 $470 $470 $5,596

Projected Prot & Loss: FY2025 (3 of 3)

continued from previous page

Projected Prot & Loss Oct '24 Nov '24 Dec '24 Jan '25 Feb '25 Mar '25 Apr '25 May '25 June '25 July '25 Aug '25 Sept '25 FY2025

Operating Income $12 $13 $1,006 $1,007 $1,007 $1,007 $1,007 $1,007 $1,007 $1,007 $1,007 $1,007 $10,094

Interest Expense $1,141 $1,131 $1,122 $1,112 $1,103 $1,094 $1,084 $1,074 $1,065 $1,055 $1,045 $1,036 $13,062

Income Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Depreciation and Amortization $618 $618 $619 $618 $618 $618 $619 $618 $618 $618 $619 $618 $7,419

Total Expenses $22,095 $22,087 $22,099 $22,089 $22,081 $22,071 $22,061 $22,052 $22,042 $22,032 $22,023 $22,013 $265K

Net Prot ($1,746) ($1,738) ($733) ($723) ($715) ($705) ($695) ($686) ($676) ($666) ($657) ($647) ($10K)

Net Prot % (9%) (9%) (3%) (3%) (3%) (3%) (3%) (3%) (3%) (3%) (3%) (3%) (4%)

Prestige Early Learning Academy: 2022-2027 Updated Financials

Projected Balance Sheet: FY2023

Projected Balance Sheet Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 FY2023

Assets $188K $125K $121K $116K $111K $107K $102K $97,776 $93,224 $88,673 $84,121 $79,570 $79,570

Current Assets $188K $79,704 $75,771 $71,837 $67,904 $63,971 $60,037 $56,104 $52,170 $48,237 $44,304 $40,370 $40,370

Cash $188K $79,704 $75,771 $71,837 $67,904 $63,971 $60,037 $56,104 $52,170 $48,237 $44,304 $40,370 $40,370

Accounts Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Long-Term Assets $45,382 $44,763 $44,145 $43,527 $42,909 $42,290 $41,672 $41,054 $40,436 $39,817 $39,199 $39,199

Long-Term Assets $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000

Accumulated Depreciation ($618) ($1,237) ($1,855) ($2,473) ($3,091) ($3,710) ($4,328) ($4,946) ($5,564) ($6,183) ($6,801) ($6,801)

Liabilities & Equity $188K $125K $121K $116K $111K $107K $102K $97,776 $93,224 $88,673 $84,121 $79,570 $79,570

Liabilities $268K $267K $265K $263K $262K $260K $258K $257K $255K $253K $251K $250K $250K

Current Liabilities $20,431 $20,533 $20,635 $20,739 $20,842 $20,947 $21,051 $21,157 $21,262 $21,369 $21,475 $21,583 $21,583

Accounts Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Income Taxes Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Sales Taxes Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Short-Term Debt $20,431 $20,533 $20,635 $20,739 $20,842 $20,947 $21,051 $21,157 $21,262 $21,369 $21,475 $21,583 $21,583

Long-Term Liabilities $248K $246K $244K $243K $241K $239K $237K $235K $234K $232K $230K $228K $228K

Long-Term Debt $248K $246K $244K $243K $241K $239K $237K $235K $234K $232K $230K $228K $228K

Equity ($80K) ($142K) ($145K) ($147K) ($150K) ($153K) ($156K) ($159K) ($162K) ($164K) ($167K) ($170K) ($170K)

Retained Earnings $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Earnings ($80K) ($142K) ($145K) ($147K) ($150K) ($153K) ($156K) ($159K) ($162K) ($164K) ($167K) ($170K) ($170K)

Projected Balance Sheet: FY2024

Projected Balance Sheet Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 June '24 July '24 Aug '24 Sept '24 FY2024

Assets $75,018 $70,466 $66,862 $63,259 $59,655 $56,051 $52,447 $48,843 $45,239 $41,635 $38,031 $34,427 $34,427

Current Assets $36,437 $32,504 $29,518 $26,532 $23,547 $20,561 $17,575 $14,590 $11,604 $8,618 $5,633 $2,647 $2,647 Cash $36,437 $32,504 $29,518 $26,532 $23,547 $20,561 $17,575 $14,590 $11,604 $8,618 $5,633 $2,647 $2,647 Accounts Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Long-Term Assets $38,581 $37,963 $37,344 $36,726 $36,108 $35,490 $34,871 $34,253 $33,635 $33,017 $32,398 $31,780 $31,780

Long-Term Assets $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000

Accumulated Depreciation ($7,419) ($8,037) ($8,656) ($9,274) ($9,892) ($11K) ($11K) ($12K) ($12K) ($13K) ($14K) ($14K) ($14K)

Liabilities & Equity $75,018 $70,466 $66,862 $63,259 $59,655 $56,051 $52,447 $48,843 $45,239 $41,635 $38,031 $34,427 $34,427

Liabilities $248K $246K $244K $243K $241K $239K $237K $235K $234K $232K $230K $228K $228K

Current Liabilities $21,691 $21,799 $21,908 $22,018 $22,128 $22,238 $22,350 $22,461 $22,574 $22,687 $22,800 $22,914 $22,914

Accounts Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Income Taxes Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Sales Taxes Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Short-Term Debt $21,691 $21,799 $21,908 $22,018 $22,128 $22,238 $22,350 $22,461 $22,574 $22,687 $22,800 $22,914 $22,914

Long-Term Liabilities $226K $224K $222K $221K $219K $217K $215K $213K $211K $209K $207K $205K $205K

Long-Term Debt $226K $224K $222K $221K $219K $217K $215K $213K $211K $209K $207K $205K $205K

Equity ($173K) ($176K) ($178K) ($179K) ($181K) ($183K) ($185K) ($187K) ($188K) ($190K) ($192K) ($194K) ($194K)

Retained Earnings ($170K) ($170K) ($170K) ($170K) ($170K) ($170K) ($170K) ($170K) ($170K) ($170K) ($170K) ($170K) ($170K) Earnings ($2,802) ($5,595) ($7,432) ($9,260) ($11K) ($13K) ($15K) ($16K) ($18K) ($20K) ($22K) ($24K) ($24K)

Projected Balance Sheet: FY2025

Projected Balance Sheet Oct '24 Nov '24 Dec '24 Jan '25 Feb '25 Mar '25 Apr '25 May '25 June '25 July '25 Aug '25 Sept '25 FY2025

Assets $30,823 $27,219 $24,610 $22,001 $19,391 $16,782 $14,173 $11,563 $8,954 $6,345 $3,735 $1,126 $1,126

Current Assets ($339) ($3,324) ($5,316) ($7,307) ($9,298) ($11K) ($13K) ($15K) ($17K) ($19K) ($21K) ($23K) ($23K) Cash ($339) ($3,324) ($5,316) ($7,307) ($9,298) ($11K) ($13K) ($15K) ($17K) ($19K) ($21K) ($23K) ($23K)

Accounts Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Long-Term Assets $31,162 $30,544 $29,925 $29,307 $28,689 $28,071 $27,452 $26,834 $26,216 $25,598 $24,979 $24,361 $24,361

Long-Term Assets $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000 $46,000

Accumulated Depreciation ($15K) ($15K) ($16K) ($17K) ($17K) ($18K) ($19K) ($19K) ($20K) ($20K) ($21K) ($22K) ($22K)

Liabilities & Equity $30,823 $27,219 $24,610 $22,001 $19,391 $16,782 $14,173 $11,563 $8,954 $6,345 $3,735 $1,126 $1,126

Liabilities $226K $224K $222K $221K $219K $217K $215K $213K $211K $209K $207K $205K $205K

Current Liabilities $23,029 $23,144 $23,259 $23,376 $23,493 $23,610 $23,728 $23,847 $23,966 $24,086 $24,206 $24,327 $24,327

Accounts Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Income Taxes Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Sales Taxes Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Short-Term Debt $23,029 $23,144 $23,259 $23,376 $23,493 $23,610 $23,728 $23,847 $23,966 $24,086 $24,206 $24,327 $24,327

Long-Term Liabilities $203K $201K $199K $197K $195K $193K $191K $189K $187K $185K $183K $181K $181K

Long-Term Debt $203K $201K $199K $197K $195K $193K $191K $189K $187K $185K $183K $181K $181K

Equity ($195K) ($197K) ($198K) ($199K) ($199K) ($200K) ($201K) ($201K) ($202K) ($203K) ($203K) ($204K) ($204K)

Retained Earnings ($194K) ($194K) ($194K) ($194K) ($194K) ($194K) ($194K) ($194K) ($194K) ($194K) ($194K) ($194K) ($194K) Earnings ($1,746) ($3,483) ($4,217) ($4,940) ($5,655) ($6,359) ($7,055) ($7,741) ($8,417) ($9,083) ($9,740) ($10K) ($10K)

Projected Cash Flow: FY2023

Projected Cash Flow Oct '22 Nov '22 Dec '22 Jan '23 Feb '23 Mar '23 Apr '23 May '23 June '23 July '23 Aug '23 Sept '23 FY2023

Net Cash from Operations ($80K) ($61K) ($2,269) ($2,261) ($2,252) ($2,244) ($2,235) ($2,227) ($2,218) ($2,210) ($2,201) ($2,192) ($163K)

Net Prot ($80K) ($62K) ($2,887) ($2,879) ($2,870) ($2,862) ($2,854) ($2,845) ($2,836) ($2,828) ($2,820) ($2,810) ($170K) Depreciation and Amortization $618 $618 $618 $618 $618 $618 $618 $618 $618 $618 $618 $6,801

Change in Accounts Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Change in Accounts Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Change in Income Tax Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Change in Sales Tax Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Net Cash from Investing ($46K) ($46K)

Assets Purchased or Sold ($46K) ($46K)

Net Cash from Financing ($1,648) ($1,656) ($1,665) ($1,673) ($1,681) ($1,690) ($1,698) ($1,707) ($1,715) ($1,724) ($1,732) ($1,741) ($20K)

Change in Short-Term Debt $102 $102 $103 $103 $104 $104 $105 $105 $106 $106 $107 $107 $1,254

Change in Long-Term Debt ($1,750) ($1,758) ($1,767) ($1,776) ($1,785) ($1,794) ($1,803) ($1,812) ($1,821) ($1,830) ($1,839) ($1,848) ($22K)

Cash at Beginning of Period $270K $188K $79,704 $75,771 $71,837 $67,904 $63,971 $60,037 $56,104 $52,170 $48,237 $44,304 $270K

Net Change in Cash ($82K) ($109K) ($3,933) ($3,933) ($3,933) ($3,933) ($3,933) ($3,933) ($3,933) ($3,933) ($3,933) ($3,933) ($230K)

Cash at End of Period $188K $79,704 $75,771 $71,837 $67,904 $63,971 $60,037 $56,104 $52,170 $48,237 $44,304 $40,370 $40,370

Prestige Early Learning Academy: 2022-2027 Updated Financials

Projected Cash Flow: FY2024

Projected Cash Flow Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 June '24 July '24 Aug '24 Sept '24 FY2024

Net Cash from Operations ($2,184) ($2,175) ($1,218) ($1,210) ($1,201) ($1,192) ($1,183) ($1,174) ($1,165) ($1,156) ($1,147) ($1,137) ($16K)

Net Prot ($2,802) ($2,794) ($1,836) ($1,828) ($1,819) ($1,810) ($1,802) ($1,792) ($1,783) ($1,774) ($1,764) ($1,756) ($24K) Depreciation and Amortization $618 $618 $618 $618 $618 $618 $618 $618 $618 $618 $618 $618 $7,419

Change in Accounts Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Change in Accounts Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Change in Income Tax Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Change in Sales Tax Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Net Cash from Investing Assets Purchased or Sold

Net Cash from Financing ($1,750) ($1,758) ($1,767) ($1,776) ($1,785) ($1,794) ($1,803) ($1,812) ($1,821) ($1,830) ($1,839) ($1,848) ($22K)

Change in Short-Term Debt $108 $108 $109 $110 $110 $111 $111 $112 $112 $113 $113 $114 $1,331

Change in Long-Term Debt ($1,858) ($1,867) ($1,876) ($1,886) ($1,895) ($1,904) ($1,914) ($1,924) ($1,933) ($1,943) ($1,953) ($1,962) ($23K)

Cash at Beginning of Period $40,370 $36,437 $32,504 $29,518 $26,532 $23,547 $20,561 $17,575 $14,590 $11,604 $8,618 $5,633 $40,370

Net Change in Cash ($3,933) ($3,933) ($2,986) ($2,986) ($2,986) ($2,986) ($2,986) ($2,986) ($2,986) ($2,986) ($2,986) ($2,986) ($38K)

Cash at End of Period $36,437 $32,504 $29,518 $26,532 $23,547 $20,561 $17,575 $14,590 $11,604 $8,618 $5,633 $2,647 $2,647

Prestige Early Learning Academy: 2022-2027 Updated Financials

Projected Cash Flow: FY2025

Projected Cash Flow Oct '24 Nov '24 Dec '24 Jan '25 Feb '25 Mar '25 Apr '25 May '25 June '25 July '25 Aug '25 Sept '25 FY2025

Net Cash from Operations ($1,128) ($1,119) ($115) ($105) ($96) ($87) ($77) ($67) ($58) ($48) ($38) ($29) ($2,968)

Net Prot ($1,746) ($1,738) ($733) ($723) ($715) ($705) ($695) ($686) ($676) ($666) ($657) ($647) ($10K) Depreciation and Amortization

$618 $618 $618 $618 $618 $618 $618 $618 $618 $618 $618 $618 $7,419

Change in Accounts Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Change in Accounts Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Change in Income Tax Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Change in Sales Tax Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Net Cash from Investing

Assets Purchased or Sold

Net Cash from Financing ($1,858) ($1,867) ($1,876) ($1,886) ($1,895) ($1,904) ($1,914) ($1,924) ($1,933) ($1,943) ($1,953) ($1,962) ($23K)

Change in Short-Term Debt $115 $115 $116 $116 $117 $117 $118 $119 $119 $120 $120 $121 $1,413

Change in Long-Term Debt ($1,972) ($1,982) ($1,992) ($2,002) ($2,012) ($2,022) ($2,032) ($2,042) ($2,052) ($2,063) ($2,073) ($2,083) ($24K)

Cash at Beginning of Period $2,647 ($339) ($3,324) ($5,316) ($7,307) ($9,298) ($11K) ($13K) ($15K) ($17K) ($19K) ($21K) $2,647

Net Change in Cash ($2,986) ($2,986) ($1,991) ($1,991) ($1,991) ($1,991) ($1,991) ($1,991) ($1,991) ($1,991) ($1,991) ($1,991) ($26K)

Cash at End of Period ($339) ($3,324) ($5,316) ($7,307) ($9,298) ($11K) ($13K) ($15K) ($17K) ($19K) ($21K) ($23K) ($23K)

Prestige Early Learning Academy: 2022-2027 Updated Financials