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Description of Property and Financial Statements
Disclose the following information about any real estate the company leases or owns [if more than one, provide information for each]: • Address: City/State/Zip • Number of Square Feet • Name of Landlord • Term of Lease • Monthly Rental • Adequate for current needs:___ Yes ___ No o If no, explain: If the company is in the real estate acquisition or developmental business, it must provide additional details about its acquisition and financing methods and its policies and procedures. Financial Statements Companies publically trading stock are required to have their financial statements audited by a firm that is a member of the Public Company Accounting Oversight Board (PCAOB). Auditing firms do not prepare financial statements; it’s the responsibility of individual companies to prepare their financial statements in accordance with SEC requirements. The SEC requires a Form S-1 registration statement under Rules 3-01 and 3-02 of SEC Regulation S-X with the following: • Audited balance sheets (consolidated if a company has subsidiaries) from the past two fiscal years. If a company has been in existence for under a year, include an audited balance sheet with 135 days of operations information before filing a registration statement • Audited statements of income and cash flows for three fiscal years preceding the date of the most recent audited balance sheet or shorter depending on how long company has been in existence • Interim reviewed financial statements for the current period if the filing is more than 135 days after the end of the fiscal year • Date of financial statements: Each amendment must include updated interim or audited financial statements if statements from prior filing are more than 135 days old. For disclosure information for smaller companies click on this link. |
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