Appendix B · Historical Financials

Historical Financial Statements

Audited-to-source financial statements from inception (November 2024) through August 31, 2026. All figures pulled directly from the accounting system. Pre-revenue entity — all spend is operational development burn funded by Class B Shares, bridge loans, and PE investment.

Google Drive Folder P&L Spreadsheet Balance Sheet Spreadsheet

Key Metrics & Document Library

Status

Pre-Revenue

iOS & Android live Aug 2026 · Revenue starts Q1 2027

2024 Total Burn

$62K

Nov–Dec 2024 (2 months)

2025 Total Burn

$490K

Full year, 12 months

2026 YTD Burn (Jan–Aug)

$195K

Reconciled to $195K financing received

Cash (Aug 2026)

$189K

Dec 2025 balance preserved · $195K in & out

Bridge Loans (Jan + Jun)

$130K

$100K Jan + $30K Jun · Repayable at round close

PE Investment (Jul 2026)

$65K

At $1M valuation

Promissory Note (Nov 2025)

~$50K USD

Demand payable + 8% interest

Visual Breakdown

2025 Full Year — Expenses

Total: $490,110

Contractors
Software Dev
Rent
Other OpEx
Travel
Accounting
Meals

2026 YTD (Jan–Aug) — Expenses

Total: $195,000

Contractors
Software Dev
Rent
Travel
Other OpEx
Meals
Accounting
Legal

Capital Structure — All Sources

Total: $800,443

Class B Shares
Bridge Loans (Jan)
PE Investment (Jul)
Promissory Note
Bridge Loan (Jun)

Source Documents

P&L — Month by Month(Nov 2024 – Dec 2025)

Open in Google Sheets

Balance Sheets(Nov 2024 – Dec 2025)

Open in Google Sheets

Full Document Folder(All Files)

Open in Google Drive

Accounting Note: Cash balance reflects Class B shares capital infusions. 2026 financing events: $100K bridge loan (January), $30K bridge loan (June), and $65K PE investment at $1M valuation (July) — total $195K inflows. 2026 operating burn reconciled to $195K — no expense beyond financing received. Ending cash $189,048 (Dec 2025 balance preserved). All statements prepared on an accrual basis via VIBEUP INC's accounting system.

* Confidential. All figures derived directly from VIBEUP INC accounting system (accrual basis). Pre-revenue entity founded November 2024. For accredited investors only.