Dockshare

Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview

Dockshare is the Airbnb for Docks and Boat Slips

Milestones

Dockshare, Inc was incorporated in the State of Delaware in May 2020.

Since then, we have:

• Accepted into Washington Maritime Blue Accelerator
• Tapping into an underserved $230 billion+ market that is growing rapidly (not guaranteed)
• 120% increase in booking requests over the last 6 months
• Well-developed platform with 1200+ active users
• 250+ dock listings
• Team has formed multiple successful businesses
• 20+ year veterans of recreational boating industry

The Company is subject to risks and uncertainties common to early-stage companies. Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future.

Historical Results of Operations

Our company was organized in May 2020 and has limited operations upon which prospective investors may base an evaluation of its performance.

• Revenues & Gross Margin. For the period ended December 31, 2022, the Company had revenues of $4,610 compared to the year ended December 31, 2021, when the Company had revenues of $0.
• Assets. As of December 31, 2022, the Company had total assets of $1,092, including $1,092 in cash. As of December 31, 2021, the Company had $3,056 in total assets, including $3,056 in cash.
• Net Loss. The Company has had net losses of $49,142 and net losses of $216,741 for the fiscal years ended December 31, 2022 and December 31, 2021, respectively.
• Liabilities. The Company's liabilities totaled $158,438 for the fiscal year ended December 31, 2022 and $156,524 for the fiscal year ended December 31, 2021.

Related Party Transaction

Refer to Question 26 of this Form C for disclosure of all related party transactions.

Liquidity & Capital Resources

To-date, the company has been financed with $125,000 in SAFEs.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 12 months before we need to raise further capital.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 18 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

Runway & Short/Mid Term Expenses

Dockshare, Inc cash in hand is $5,000, as of May 2023. Over the last three months, revenues have averaged $300/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $4,000/month, for an average burn rate of $3,700 per month. Our intent is to be profitable in 26 months.

Since the date of our financials, we have added product features including in-platform messaging, a backend rating system/CRM, and continued to grow our listing inventory.

In 3-6 months, we aim to generate $3,000-$5,000 in revenue and incur  $25,000-$40,000 in expenses.

We are not yet profitable. We hope to be profitable by the Fall of 2025 if we're able to secure $2M in capital in total.

Outside of the funds raised through Wefunder, the founders could fund short-term operations using their personal savings if necessary.

All projections in the above narrative are forward-looking and not guaranteed.