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

Imagine Uber meets e-Harmony meets dental temporary staffing. That's what Boon does! We help connect dental providers on-demand to temporary work opportunities by making instantaneous, on-demand matches based on a number of factors to ensure a right fit and promote outstanding patient care. We also make sure providers are paid fairly and have work flexibility while simultaneously ensuring to charge practices fairly for the temporary labor.

The dental, medical and veterinary temporary staffing market is approximately $35 billion annual market in the US alone. After launching in dental temporary staffing, we will move into veterinarian and the medical. We want to lead the way of allowing providers to have the flexibility to work when they want while getting paid fairly and most importantly providing unprecedented, high quality patient care.

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Milestones

boon, Inc. was incorporated in the State of North Carolina in December 2018.

Since then, we have:

• Have raised $200,000 in funding
• Surpassed our user sign up goal by 5x by receiving over 750 user registrations.
• User registrations in 19 different states
• Brought on 2 key hires to the executive team and 5 key advisors to advisory council
• Successfully launched the platform and made matches in 4 different cities across North Carolina 
• Generated revenue in 2019
• Successfully placed all 4 types of positions including DDS, RDH, DAI, DAII (CDA)

Historical Results of Operations

Our company was organized in December 2018 and has limited operations upon which prospective investors may base an evaluation of its performance.

• Revenues & Gross Margin. For the period ended December 31, 2019, the Company had revenues of $2,208 compared to the year ended December 31, 2018, when the Company had revenues of $0. Our gross margin was 77.2% in fiscal year 2019, compared to 0% in 2018.
• Assets. As of December 31, 2019, the Company had total assets of $108,515.48, including $42,143.76 in cash. As of December 31, 2018, the Company had $0 in total assets, including $0 in cash.
• Net Loss. The Company has had net losses of $-143,198.10 and net losses of $-4,762.75 for the fiscal years ended December 31, 2019 and December 31, 2018, respectively.
• Liabilities. The Company's liabilities totaled $120,230.60 for the fiscal year ended December 31, 2019 and $5,615.58 for the fiscal year ended December 31, 2018.

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 $45,706.00 in debt and $204,661 in convertibles.


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 6 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

boon, Inc. cash in hand is $39,935.63, as of December 2019. Over the last three months, revenues have averaged $1,660/month, cost of goods sold has averaged $414/month, and operational expenses have averaged $12,100/month, for an average burn rate of $12,100 per month. Our intent is to be profitable in 24 months.

No material changes have occurred since the number stated in the disclosures listed on this page.