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

Pace-setting animated movie from Africa, based on widely loved novel by legendary author

Milestones

Magic Passport LLC was organized in the State of Colorado in January 2024.

Since then, we have:

• Producer is an elected member of the International Emmys community.
• All-star creative team, worked with Warner Bros, Sesame Street, Microsoft, etc
• Captivating story, large in-built fan-base, high distributor interest, Massive market potential
• Attractive 100% of the principal plus a proportionate 25% of the net profit for early investors.
• Minority producer and creative team.
• Production Studio is positioned as a leading name in the emerging African animation 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 January 2024 and has limited operations upon which prospective investors may base an evaluation of its performance.

• Revenues & Gross Margin. For the period ended December 31, 2024, the Company had revenues of $0. .
• Assets. As of December 31, 2024, the Company had total assets of $613.93, including $613.93 in cash.
• Net Loss. The Company has had net losses of $59,901.59 through December 31, 2024.
• Liabilities. The Company's liabilities totaled $0 through December 31, 2024.

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 $1,500,000 in debt.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 10 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 3 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

Magic Passport LLC cash in hand is $500, as of April 2024. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month, for an average burn rate of $0 per month. Our intent is to be profitable in 10 months.

There have been no material changes or trends in our finances occurred since the date the financials cover 

The expenses for the next 10 months are:Clean- Up $1,000 Post Production (Music, Arts and audio visuals) $60,0002D & 3D Animators(10) $100,000 Producer $30,000 Director $30,000 Ass Director $15,000 Voice-over Artistes $15,000 Clean Up Animators (10) $100,000 Adobe, Creative Cloud & Toom Boom $15,000 Finance & Transaction Advisory $25,000  PR & Marketing $60,000 Legal $28,000  Operations $20,000


The capital needed to become revenue-generating is about $500,000. We hope to reach revenue generating by the end of 10 months.  

The production company, Magic Carpet Labs, is responsible for covering the short-term burn throughout the campaign.  We will seek additional investments for the film in addition to that.

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