03 SUPER LEAGUE GAMING INC (Solutions).xlsx - Shares o...

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SUPER LEAGUE GAMING, INC. BALANCE SHEETS DECEMBER 31, 2018 AND 2017 2018 ASSETS Current Assets Cash $ 2,774,421 $ 1,709,473 Accounts receivable $ 487,398 $ 113,702 $ 487,148 $ 780,111 Total current assets $ 3,748,967 $ 2,603,286 Property and Equipment, net $ 531,369 $ 1,137,817 Intangible and Other Assets, net $ 706,821 $ 340,998 Total assets $ 4,987,157 $ 4,082,101 Current Liabilities $ 814,052 $ 383,814 Deferred revenue $ 45,000 $ 10,922,601 $ 11,781,653 $ 383,814 Stockholders’ Equity (Deficit) $ 13,831 $ 13,811 Additional paid-in capital $ 48,325,146 $ 38,191,133 Accumulated deficit $ (55,133,473) $ (34,506,657) $ (6,794,496) $ 3,698,287 $ 4,987,157 $ 4,082,101 2017 Prepaid expenses and other current assets LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) Accounts payable and accrued expenses Convertible debt and accrued interest, net Total current liabilities Commitments and Contingencies (Note 10) $0.001 per share; 10,000,000 shares authorized; no shares - - authorized; 4,610,109 and 4,603,443 shares issued and Total stockholders’ equity (deficit) stockholders’ equity (deficit) Feb Sup Tue the mill wor sale Stre with Sup exp into play and with and sign http
SUPER LEAGUE GAMING, INC. STATEMENTS OF OPERATIONS 2018 2017 SALES $ 1,046,359 $ 201,182 COST OF SALES $ 684,105 $ 1,487,905 GROSS PROFIT (LOSS) $ 362,254 $ (1,286,723) OPERATING EXPENSES $ 1,525,525 $ 1,155,506 Research and development $ 17,197 $ 61,543 General and administrative $ 14,979,732 $ 12,451,636 $ 16,522,454 $ 13,668,685 NET OPERATING LOSS $ (16,160,200) $ (14,955,408) OTHER INCOME (EXPENSE) Interest expense $ (4,468,692) Other $ 2,076 Total other income (expense) $ (4,466,616) $ - NET LOSS $ (20,626,816) $ (14,955,408) $ (4) $ (4) $ 4,606,951 $ 4,246,626 Question 1 Operating Perspective 2018 2017 NET OPERATING LOSS $ (16,160,200) Taxes 0 NOPAT $ (16,160,200) Operating Current Assets $ 3,748,967 $ 2,603,286 Operating Current Liabilities $ 859,052 $ 383,814 Net Operating Working Capital $ 2,889,915 $ 2,219,472 Long-term Operating Assets $ 1,238,190 $ 1,478,815 Invested Capital $ 4,128,105 $ 3,698,287 FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017 Selling, marketing and advertising Total operating expenses - - Net loss attributable to common stockholders - basic and diluted Basic and diluted loss per common share shares outstanding, basic and diluted
Net Investment $ 429,818 FCF $ (16,590,018) Financing Perspective 2018 Convertible Debtholders + Interest $ 4,466,616 - Increase debt $ 10,922,601 Cash Flow to Convertible debtholders $ (6,455,985) Stockholders + Dividends 0 - Increase in equity $ 10,134,033 Cash Flow to/(from) Stockholders $ (10,134,033) FCF $ (16,590,018) Question 2 a) a) 2018 ASSETS Current Assets Cash $ 2,774,421 $ 1,709,473 Accounts receivable $ 487,398 $ 113,702 $ 487,148 $ 780,111 b)

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