yoodlize

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 are a peer-to-peer rental platform where you can rental anything to or from your neighbors. You can make money on the stuff you already own, and rent the stuff you don't own but want to use.

In five years, we want to be expanded across the US.

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

Milestones

Yoodlize Inc was originally organized as an LLC in May 2018 then later incorporated in the State of Utah in December 2018.

Since then, we have:

• Raised $200k in SAFE notes prior to this Wefunder campaign
• 30% of accounts make transactions
• Tested product-market fit over a one year pilot
• The founder has started several businesses and recruited an experienced team for Yoodlize
• An easy side hustle that allows people to earn money off of stuff they already own
• The timing is right: with the wide acceptance of peer-to-peer platforms like Airbnb and Uber

Historical Results of Operations

Our company was organized in May 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, 2020, the Company had revenues of $18,161 compared to the year ended December 31, 2019, when the Company had revenues of $2,639.
• Assets. As of December 31, 2020, the Company had total assets of $118,602, including $104,430 in cash. As of December 31, 2019, the Company had $35,299 in total assets, including $18,052 in cash.
• Net Loss. The Company has had net losses of $16,680 and net losses of $64,787 for the fiscal years ended December 31, 2020 and December 31, 2019, respectively.
• Liabilities. The Company's liabilities totaled $59 for the fiscal year ended December 31, 2020 and $77 for the fiscal year ended December 31, 2019.

Liquidity & Capital Resources

To-date, the company has been financed with $200,000 in SAFEs.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 18 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

Yoodlize Inc cash in hand is $59,264.30, as of March 2021. Over the last three months, revenues have averaged $385/month, cost of goods sold has averaged $3,003/month, and operational expenses have averaged $14,800/month, for an average burn rate of $17,418 per month. Our intent is to be profitable in 36 months.

In Q1 2021, we ended the pilot period and stopped all work on user growth and activity to focus on improving the product.  We spent $40k on dev work to launch a new version of the app which is expected in April 2021. 

We expect our fixed expenses to be around 2k a month. We currently have no payroll or salary. We don't expect revenues to raise until we start to spend money on marketing. In six months, we hope (but not guarantee) to generate roughly $75k in revenue and approximately the same in expenses. We expect to need a total of $10M in capital to eventually reach breakeven.

While we are in communication with potential investors, we do not currently have other sources of capital to rely on outside of this Offering.