THE FOLLOWING DISCUSSION OF THE RESULTS OF OUR OPERATIONS AND FINANCIAL
CONDITION SHOULD BE READ IN CONJUNCTION WITH OUR FINANCIAL STATEMENTS AND THE
NOTES THERETO INCLUDED ELSEWHERE IN THIS REPORT.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of our report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and predictions. We are a development stage company and have not yet generated or realized any revenues.
We received our initial funding of
Our financial statements from inception (
Our plan of operation will be funded by the
Our common shares are quoted on the Over-The-Counter Bulletin Board under the trading symbol "TTSE.OB". Our shares have been quoted on the Over-The-Counter Bulletin Board since
Our transfer agent is
RESULTS OF OPERATIONS
The following summary of our results of operations should be read in conjunction with our financial statements included herein. Our operating results for the three months ended
Three Months Ended March 31, -------------------------------- 2014 2013 -------- -------- Revenue
$ 0 $ 0Operating Expenses 11,898 4,814 -------- -------- Net Loss $ 11,898 $ 4,814======== ======== REVENUES
We have not earned any revenues to date. We are presently in the development stage of our business and we can provide no assurance that we begin earning revenues.
Our expenses for the three months ended
March 31, 2014and 2013 are outlined in the table below: Three Months Ended March 31, -------------------------------- 2014 2013 -------- -------- Professional Fees $ 11,606 $ 4,276General & Administrative 292 538 -------- -------- TOTAL EXPENSES $ 11,808 $ 4,814======== ======== 9 PROFESSIONAL FEES
Professional fees include our accounting and auditing expenses incurred in connection with the preparation of our financial statements and professional fees that we pay to our legal counsel. The increase in our professional fees is associated with our developmental business activity.
We incurred operating losses in the amount of
PLAN OF OPERATION
In order to successfully carry out all three phases, the company will require a total of
Dependent on the successful completion of the second phase, phase three of expansion will approximately run between the 10th and 12th months. Below, the breakdown of the required funding for each phase is explained in more detail.
THE INITIAL PHASE OF THIS PLAN IS EXPECTED TO INCLUDE:
* Design and construction of the Ticket To See website. In order to have the most suitable website, we will utilize the services of a professional website design firm at the cost of
$2,500. * Establishing merchant relationships with Paypal and credit card companies, such as Visa and MasterCard will require the firm to pay various merchant account fees that will amount to $1,000. * Developing extensive lists of prospective clients will require no additional costs as this task will be completed by management, at no charge to the company. * Developing detailed marketing techniques and plans that will appeal to targeted venues, promoters, and developing targeted marketing content to future clients is the most crucial task of the first phase and will require $6,500.
The total budget for phase one is approximately
The SECOND PHASE of the operating plan, during months 7 through 9, is expected to be devoted to instituting an aggressive marketing effort, as described earlier (see "Sales and Marketing"), to gain initial clientele and begin producing revenue. We expect our President,
If Ticket To See is successful in implementing its' business plan and begins to produce sales from the website, Management will institute PHASE THREE of the business plan, during months 10 through 12, which may involve hiring one or more additional staff to handle increased demands, site monitoring, data entry, and customer support. The cost of an administrative employee will be
We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive development activities. For these reasons our auditors stated in their report on our audited financial statements that they have substantial doubt we will be able to continue as a going concern.
FINANCINGS AND SHARE ISSUANCE
Our operations to date have been funded by equity investment. All of our equity funding has come from sales of shares to our officer and director and the funds from our recent offering.
OFF-BALANCE SHEET ARRANGEMENTS
We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.