Attached files
| file | filename |
|---|---|
| 8-K/A - FLORHAM CONSULTING CORP | v211591_8ka.htm |
| EX-99.5 - FLORHAM CONSULTING CORP | v211591_ex99-5.htm |
| EX-99.6 - FLORHAM CONSULTING CORP | v211591_ex99-6.htm |
| EX-99.3 - FLORHAM CONSULTING CORP | v211591_ex99-3.htm |
| EX-99.8 - FLORHAM CONSULTING CORP | v211591_ex99-8.htm |
| EX-99.7 - FLORHAM CONSULTING CORP | v211591_ex99-7.htm |
| EX-99.2 - FLORHAM CONSULTING CORP | v211591_ex99-2.htm |
| EX-99.4 - FLORHAM CONSULTING CORP | v211591_ex99-4.htm |
| EX-99.14 - FLORHAM CONSULTING CORP | v211591_ex99-14.htm |
| EX-99.12 - FLORHAM CONSULTING CORP | v211591_ex99-12.htm |
| EX-99.11 - FLORHAM CONSULTING CORP | v211591_ex99-11.htm |
| EX-99.9 - FLORHAM CONSULTING CORP | v211591_ex99-9.htm |
| EX-10.11 - FLORHAM CONSULTING CORP | v211591_ex10-11.htm |
| EX-99.13 - FLORHAM CONSULTING CORP | v211591_ex99-13.htm |
PROFESSIONAL
CULINARY ACADEMY LLC
BALANCE
SHEET
SEPTEMBER
30, 2010
|
ASSETS
|
||||
|
Current
Assets
|
||||
|
Cash
|
$ | 2,820 | ||
|
Student
tuition receivable, net of allowance for uncollectables of
$1,008
|
200,652 | |||
|
Related
party receivables
|
16,940 | |||
|
Prepaid
expense
|
1,232 | |||
|
Total
current assets
|
221,644 | |||
|
Leasehold
Improvements, at cost, net of accumulated depreciation of
$135.
|
5,267 | |||
|
Other
Assets
|
||||
|
Organization
costs, net of accumulated amortization of $110
|
624 | |||
|
Total
assets
|
$ | 227,535 | ||
|
LIABILITIES
AND MEMBERS' EQUITY
|
||||
|
Current
Liabilities
|
||||
|
Accounts
payable
|
$ | 29,132 | ||
|
Accrued
expenses payable
|
15,996 | |||
|
Deferred
tuition revenue
|
149,834 | |||
|
Total
current liabilities
|
194,962 | |||
|
Members'
Equity
|
32,573 | |||
|
Total
liabilities and members' equity
|
$ | 227,535 | ||
PROFESSIONAL
CULINARY ACADEMY LLC
STATEMENT
OF OPERATIONS
FOR THE
NINE MONTHS ENDED SEPTEMBER 30, 2010
|
Tuition
and Student Fee Revenues
|
$ | 551,521 | ||
|
Operating
Costs and Expenses
|
||||
|
Student
instructional costs
|
136,766 | |||
|
Recruitment
costs
|
11,400 | |||
|
Occupancy
costs
|
42,207 | |||
|
General
and administrative expenses
|
142,960 | |||
|
Total
operating costs and expenses
|
333,333 | |||
|
Operating
income before management fees
|
218,188 | |||
|
Related
party management fees
|
274,090 | |||
|
Loss
before depreciation
|
(55,902 | ) | ||
|
Depreciation
and amortization expense
|
172 | |||
|
Net
loss
|
$ | (56,074 | ) |
PROFESSIONAL
CULINARY ACADEMY LLC
STATEMENT
OF MEMBERS' EQUITY
FOR THE
NINE MONTHS ENDED SEPTEMBER 30, 2010
|
Balance
- January 1, 2010
|
$ | 15,874 | ||
|
Capital
contributions, net
|
72,773 | |||
|
Net
loss for the nine months ended September 30, 2010
|
(56,074 | ) | ||
|
Balance
- September 30, 2010
|
$ | 32,573 |
PROFESSIONAL
CULINARY ACADEMY LLC
STATEMENT
OF CASH FLOWS
FOR THE
NINE MONTHS ENDED SEPTEMBER 30, 2010
|
Cash
Flows from Operating Activities
|
||||
|
Net
loss
|
$ | (56,074 | ) | |
|
Noncash
items included in net income:
|
||||
|
Depreciation
and amortization expense
|
172 | |||
| (55,902 | ) | |||
|
Changes
in operating assets and liabilities
|
||||
|
Decrease
(increase) in assets:
|
||||
|
Student
tuition receivable
|
(173,551 | ) | ||
|
Prepaid
expense
|
(170 | ) | ||
|
Increase
(decrease) in liabilities:
|
||||
|
Accounts
payable
|
17,144 | |||
|
Accrued
expenses payable
|
10,444 | |||
|
Deferred
tuition revenue
|
121,784 | |||
| (24,349 | ) | |||
|
Net
cash used in operating activities
|
(80,251 | ) | ||
|
Cash
Flows from Investing Activities:
|
||||
|
Purchase
of leasehold improvements
|
(5,402 | ) | ||
|
Cash
Flows from Financing Activities:
|
||||
|
Decrease
in receivables from related party
|
10,960 | |||
|
Capital
contributions from members
|
72,773 | |||
|
Net
decrease in cash
|
(1,920 | ) | ||
|
Cash
- January 1, 2010
|
4,740 | |||
|
Cash
- September 30, 2010
|
$ | 2,820 | ||
|
Supplemental
disclosure of cash flow information:
|
||||
|
Cash
paid during the nine months for interest
|
$ | 0 | ||
|
Cash
paid during the nine months for income taxes
|
$ | 0 | ||