General form of registration statement for all companies including face-amount certificate companies

Consolidated Balance Sheets

v3.3.0.814
Consolidated Balance Sheets - USD ($)
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 20,796,783 $ 3,516,750
Restricted cash 224,576 58,786
Accounts receivable, net 704,905 394,655
Income taxes receivable 395,814  
Note receivable - current portion 27,528 25,929
Deferred franchise costs - current portion 668,700 939,750
Deferred tax asset - current portion 208,800 701,200
Prepaid expenses and other current assets 375,925 23,729
Total current assets 23,403,031 5,660,799
Property and equipment, net 1,134,452 400,267
Note receivable 31,741 59,269
Note receivable - related party, net of allowance   21,750
Deferred franchise costs, net of current portion 2,574,450 2,283,000
Deferred tax asset - noncurrent   1,265,700
Intangible assets 153,000  
Goodwill 677,204  
Deposits and other assets 585,150 77,650
Total assets 28,559,028 9,768,435
Current liabilities:    
Accounts payable and accrued expenses 1,271,405 226,757
Co-op funds liability 186,604 54,133
Payroll liabilities 617,944 128,370
Advertising fund deferred revenue   4,652
Income taxes payable   419,297
Deferred rent - current portion 93,398  
Deferred revenue - current portion 2,044,500 2,756,250
Other current liabilities 50,735  
Total current liabilities 4,264,586 3,589,459
Deferred rent, net of current portion 451,766  
Deferred revenue, net of current portion 7,915,918 7,252,084
Other liabilities 299,405 147,753
Total liabilities $ 12,931,675 $ 10,989,296
Commitment and contingencies
Stockholders' equity (deficit):    
Series A preferred stock, $0.001 par value; 50,000 shares authorized, 0 issued and outstanding, as of December 31, 2014, and 25,000 issued and outstanding as of December 31, 2013 $ 0 $ 25
Common stock, $0.001 par value; 20,000,000 shares authorized, 10,196,502 shares issued and 9,662,502 shares outstanding as of December 31, 2014 and 5,340,000 shares issued and 4,806,000 outstanding as of December 31, 2013 10,197 5,340
Additional paid-in capital 21,420,975 1,546,373
Treasury stock (534,000 shares, at cost) (791,638) (791,638)
Accumulated deficit (5,012,181) (1,980,961)
Total stockholders' equity (deficit) 15,627,353 (1,220,861)
Total liabilties and stockholders' equity (deficit) $ 28,559,028 $ 9,768,435