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

We allow doctors and other healthcare providers to rent space to see patients on flexible terms (part-time or short-term), with all basic utilities and support provided, so they can practice independently, on their own terms.

In 5 years, we hope to expand to numerous locations in cities across the US, and provide premium support services in addition to the basic space, to make independent practice a viable option for more healthcare providers. We also plan to build a platform to connect practices that have extra space to providers who need space. These projections cannot be guaranteed.

Milestones

MedCoShare Inc. was incorporated in the State of Delaware in July 2019.

Since then, we have:

• Potential market for medical office sharing estimated at over $900M nationwide.
• Similar companies in other markets have been profitable for 3-4 years; we are first movers with in Philadelphia market, with local and national real estate development experience.
• Team went from concept to functioning location with growing client base in 9 months, despite pandemic.
• Company has been covered in 5 local and national business publications.
• Team with key expertise and proven success: three founders are real-estate professionals, and two of them have successfully launched and operated a real estate firm together; three founding investors are healthcare providers (two are MD/PhDs, one is a nurse practitioner); two founders are MBAs with healthcare consulting experience.

Historical Results of Operations

Our company was organized in July 2019 and has limited operations upon which prospective investors may base an evaluation of its performance.

• Revenues & Gross Margin. For the period ended September 30, 2020, the Company had revenues of $7,591. For the period ended December 31, 2019, the Company had revenues of $0.
• Assets. As of September 30, 2020, the Company had total assets of $144,319, including $70,955 in cash. As of December 31, 2019, the Company had total assets of $188,336, including $188,3336 in cash.
• Net Loss. The Company has had net losses of $43,937 as of September 30, 2020 and $11,744 for 2019.
• Liabilities. The Company's liabilities totaled $0 as of September 30, 2020 and $80 for 2019.

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 $100,000 in equity and $100,000 in SAFEs.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 6 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 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

MedCoShare Inc. cash in hand is $45,856.79, as of November 2020. Over the last three months, revenues have averaged $2,798.58/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $14,731.06/month, for an average burn rate of $11,932.48 per month. Our intent is to be profitable in 12 months.

We added two clients to our roster. One in October and another one in November. We project signing up 1-2 clients per month until capacity is reached based on our sales pipeline. 

Adding a new location is estimated to cost $250,000-$300,000. If we only raise our minimum target in this offering, we will go on to solicit accredited investors in our network.

We expect expenses to stay in line with the last 3 months due to fixed costs. Expenses may increase slightly due to some variable costs that increase with more clients such as cleaning services, electric, etc. The revenue we project to increase 10% per month over the next 6 months due to increasing demand based on our sales pipeline and market conditions. We estimate that comes to $25,000 in monthly revenues and $15,000 in monthly expenses 6 months from now. These projections cannot be guaranteed.

Founders are willing to place additional funds into business if the bank balance goes below $10,000.