# EDGAR Filing Document

**Accession Number:** 0001878140
**File Stem:** 0001670254-23-000273
**Filing Date:** 2023-3
**Character Count:** 102817
**Document Hash:** a1e4ca2fb0844eed8e04705d36b952d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001670254-23-000273.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001670254-23-000273

**CONFORMED SUBMISSION TYPE**: C-AR

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Expert Dojo, Inc.
- **CENTRAL INDEX KEY:** 0001878140
- **IRS NUMBER:** 473348160
- **STATE OF INCORPORATION:** CA

**FILING VALUES:**
- **FORM TYPE:** C-AR
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-28594
- **FILM NUMBER:** 23789329

**BUSINESS ADDRESS:**
- **STREET 1:** 395 SANTA MONICA PL
- **STREET 2:** UNIT 308
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90401
- **BUSINESS PHONE:** 5106982462

**MAIL ADDRESS:**
- **STREET 1:** EXPERT DOJO UNIT 308
- **STREET 2:** 395 SANTA MONICA P
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90401

## Ex-99

### Attached PDF Documents

**Attachment 1:** `document_1.pdf`

# Annual Report

## Cover Page

Name of issuer:

Expert Dojo, Inc.

Legal status of issuer:

Form: Corporation
Jurisdiction of Incorporation/Organization: CA
Date of organization: 1/2/2015

Physical address of issuer:

Expert DOJO Unit 308
395 Santa Monica P
Santa Monica CA 90401

Website of issuer:

http://www.expertdojo.com

Name of intermediary through which the offering will be conducted:

Wefunder Portal LLC

OIC number of intermediary:

0001570254

SEC file number of intermediary:

007-00033

CRD number, if applicable, of intermediary:

283503

Current number of employees:

6

|  | Most recent fiscal year-end: | Prior fiscal year-end: |
| --- | --- | --- |
| Total Assets | $363,168.00 | $179,025.00 |
| Cash & Cash Equivalents | $308,168.00 | $48,279.00 |
| Accounts Receivable | $55,000.00 | $40,000.00 |
| Short-term Debt | $51,487.00 | $17,603.00 |
| Long-term Debt | $619,387.00 | $592,032.00 |
| Reserves/Sales | $661,383.00 | $629,145.00 |
| Cost of Goods Sold | $161,045.00 | $44,138.00 |
| Taxes Paid | $0.00 | $0.00 |
| Net Income | ($787,097.00) | ($268,501.00) |

Select the jurisdictions in which the issuer intends to offer the securities:

AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, BS, GU, PR, VI, IV

## Offering Statement

Respond to each question in each paragraph of this part. Set forth each question and any notes, but not any instructions thereto, in their entirety. If disclosure in response to any question is responsive to one or more other questions, it is not necessary to repeat the disclosure. If a question or series of questions is inapplicable or the response is available elsewhere in the Press, either state that it is inapplicable, include a cross-reference to the responsive disclosure, or omit the question or series of questions.

Be very careful and precise in answering all questions. Give full and complete answers so that they are not misleading under the circumstances involved. Do not discuss any future performance or other anticipated event unless you have a reasonable basis to believe that it will actually occur within the reasonable future. If any answer requiring significant information is materially inaccurate, incomplete or misleading, the Company, its management and principal shareholders may be liable to investors based on that information.

### THE COMPANY

1. Name of issuer:

Expert Dojo, Inc.

3. Has the issuer or any of its predecessors previously failed to comply with the ongoing reporting requirements of Rule 202 of Regulation Crowdfunding?

☐ Yes ☑ No

### DIRECTORS OF THE COMPANY

4. Provide the following information about each director (and any persons occupying a similar status or performing a similar function) of the issuer:

| Director | Principal Occupation | Main Employer | Year Joined as Director |
| --- | --- | --- | --- |
| Silvia Olmedo | Associate content producer | Televisa | 2019 |

| Brian Mac Mahon | Founder & CEO Export Dojo | Expert Dojo | 2015 |
| --- | --- | --- | --- |
| Nektar Bezietis | Bus Dev | Eniki Tech | 2015 |

For three years of business experience, refer to Appendix D: Director & Officer Work History.

## OFFICERS OF THE COMPANY

5. Provide the following information about each officer (and any persons occupying a similar status or performing a similar function) of the issuer.

| Officer | Positions Held | Year Joined |
| --- | --- | --- |
| Isabelle Persson | Head Of Investments | 2020 |
| Sophie Angner | Secretary | 2019 |
| Brian Mac Mahon | CEO | 2015 |
| Brian Mac Mahon | President | 2015 |
| Brian Mac Mahon | Secretary | 2015 |
| Brian Mac Mahon | CFO | 2015 |
| Brian Mac Mahon | Founder | 2015 |

For three years of business experience, refer to Appendix D: Director & Officer Work History.

INSTRUCTION REQUESTED: 1. For purposes of this Question 1, the term officer means a president, vice president, secretary, treasurer or principal financial officer, comptroller or principal accounting officer, and any person that routinely performs similar functions.

## PRINCIPAL SECURITY HOLDERS

6. Provide the name and ownership level of each person, as of the most recent practicable date, who is the beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power.

| Name of Holder | No. and Class of Securities Now Held | % of Voting Power Prior to Offering |
| --- | --- | --- |
| Brian Mac Mahon | 8125000.0 Common Stock | 78.9 |

INSTRUCTION REQUESTED: 6. The above information must be provided as of a date that is not more than 120 days prior to the date of filing of this offering statement.

To calculate total voting power include all securities for which the person directly or indirectly has or shares the voting power, which includes the power to may or to direct the voting of such securities. If the person has the right to acquire voting power of such securities within 60 days, including through the exercise of any option, warrant or right, the conversion of a security, or other arrangement, or if securities are held by a member of the family, through corporations or partnerships, or otherwise in a manner that would allow a person to direct or control the voting of the securities (or share in such direction or context - i.e., for example, a set of assets) they should be included as being 'beneficially owned.' You should include an explanation of these circumstances in a function in the 'Number of and Class of Securities Now Held.' To calculate outstanding voting equity securities, assume all outstanding options are exercised and all outstanding convertible securities converted.

## BUSINESS AND ANTICIPATED BUSINESS PLAN

7. Describe in detail the business of the issuer and the anticipated business plan of the issuer.

For a description of our business and our business plan, please refer to the attached Appendix A, Business Description & Plan

INSTRUCTION REQUESTED: 7. Wiproder will provide your company's Wiproder profile as an appendix (Appendix A) to the Form C on P&P format. The submission will include all Q&A terms and 'total merit' links to an unanticipated format. All values will be researched.

This means that any information provided to your Wiproder profile will be provided in the SEC in response to this question. As a result, your company will be potentially liable for misstatements and omissions in your profile under the Securities Act of 1933, which requires you to provide financial information related to your business and anticipated business plans. Please review your Wiproder profile carefully to ensure it provides all material information, is not false or misleading, and does not omit any information that would cause the information included to be false or misleading.

## RISK FACTORS

The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.

These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

8. Discuss the material factors that make an investment in the issuer speculative or risky.

Our companies may not succeed and this will reduce our forecasted revenue. Our intention is to mitigate this with the quantity and quality of companies we invest in.

We may fail in our objective to find the best companies in the world to invest in, even though we have 6 associates out searching for these companies.

Our training program may not be sufficiently good to move the growth and investment needs for the companies we invest in.

We may not raise additional funds to invest in more companies in the future, limiting the revenue upside.

We might not be able to invest in the companies that we want to invest in, due to competition from other investors.

COVID might interfere with the startup ecosystem and slowdown success rate within startups, as well as the amount of new founders and companies on the market.

Our current and future portfolio companies might give us bad PR which then will affect Expert DOJO negatively, and add the risk that startups don't want our funding.

As the portfolio grows, we need to keep up with hiring the same high level of staff within our fund. We could potentially fail in quality.

The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a side of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company's assets or profits and have no voting rights or ability to direct the Company or its actions.

Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.

INSTRUCTION REQUESTION 5. Send promotional documents and include only those factors that are unique to the issuer. This issuer should be tailored to the issuer's business and the offering and should not repeat the factors addressed in the issuer's set forth above. For specific number of risk factors as required to be identified.

# Ownership and Capital Structure

## DESCRIPTION OF ISSUER'S SECURITIES

17. What other securities or classes of securities of the issuer are outstanding? Describe the material terms of any other outstanding securities or classes of securities of the issuer.

| Class of Security | Securities (or Amount) Authorized | Securities (or Amount) Outstanding | Voting Rights |
| --- | --- | --- | --- |
| Preferred Stock | 2,500,000 | 1,273,760 | Yes |
| Common Stock | 10,000,000 | 9,020,000 | Yes |

Securities Reserved for
Class of Security Issuance upon Exercise or Conversion

Warrants:

Options:

24. Describe the material terms of any indebtedness of the issuer:

Loan

Lender SBA

Issue date 05/15/20

Amount $48,532.00

Outstanding principal plus interest $41,352.61 as of 03/29/23

Interest rate 1.0% per annum

Maturity date 05/15/23

Current with payments Yes

PPP loan

INSTRUCTION REQUESTION 24. Name the creditor, amount owed, interest rate, maturity date, and any other material terms.

25. What other exempt offerings has the issuer conducted within the past three years?

| Offering Date | Exemption | Security Type | Amount Sold | Use of Proceeds |
| --- | --- | --- | --- | --- |
| 10/2018 | Section 4(a)(2) |  | $100,000 | General operations |
| 10/2018 | Regulation D, Rule 506(b) | Preferred stock | $7,500 | General operations |
| 2/2019 | Regulation D, Rule 506(b) | Preferred stock | $50,000 | General operations |
| 8/2019 | Regulation D, Rule 506(b) | Preferred stock | $25,000 | General operations |
| 9/2020 | Regulation D, Rule 506(b) | Preferred stock | $125,000 | General operations |
| 4/2021 | Regulation D, Rule 506(b) | Preferred stock | $50,000 | General operations |
| 6/2021 | Regulation D, Rule 506(b) | Preferred stock | $75,000 | General operations |

26. Was or is the issuer or any entities controlled by or under common control with the issuer a party to any transaction since the beginning of the issuer's last fiscal year, or any currently proposed transaction, where the amount involved exceeds five percent of the aggregate amount of capital raised by the issuer in reliance on Section 4(a)(6) of the Securities Act during the preceding 12-month period, including the amount the issuer seeks to raise in the current offering, in which any of the following persons had or is to have a direct or indirect material interest:

1. any director or officer of the issuer;
2. any person who is, as of the most recent practicable date, the beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power;
3. if the issuer was incorporated or organized within the past three years, any promoter of the issuer;
4. or any immediate family member of any of the foregoing persons.

☑ Yes

☐ No

For each transaction specify the person, relationship to issuer, nature of interest in transaction, and amount of interest.

| Name | Daylight Investors LLC |
| --- | --- |
| Amount invested | $100,000.00 |
| Transaction type | Loan |
| Issue date | 07/10/22 |
| Outstanding principal plus interest | $0.00 as of 11/09/22 |
| Interest rate | 5.0% per annum |
| Maturity date | 10/09/22 |
| Relationship | Expert Dojo Limited Partner |

promissory was from Daylight Investors LLC, a financial partner who invests in various companies in the Cohort

The Company works in tandem with its affiliate Expert Dojo Ventures LLC, a California Limited Liability Company and holding company ("Ventures"). Ventures was formed for the purpose of holding interest in the startup portfolio of companies that go through its accelerator program. Ventures secures funding from Expert Dojo investors which subsequently fund the startup companies accepted into the program in exchange for various equity interest in each startup company. Ventures and the Company operate under the agreement that current and future training fees earned from providing various services and training sessions to each startup company will be earned by the Company only. If the Expert Dojo brand was acquired, both companies would be required to be collectively acquired. Ventures does not earn revenue or incur operating expenses.

INTERACTIONS TO QUESTION 27. The term transaction includes: but is not limited to any financial transaction, arrangement or relationship (including any indebtedness or guarantee of fulfillment) or any series of similar transactions, arrangement or relationships.

Hands out cover that the purpose of paragraph (1) shall be determined as of a date that is no more than 100 days prior to the date of filing of this offering statement and using the same calculation described in Question 6 of this Question and Answer format.

The term "number of the funds," includes any child, unyielded, grandchild, parent, stepparent, grandparent, spouse or spousal equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the parent, and includes adoption relationships. The term "spiritual equivalent" means a substitute in opting a relationship generally equivalent to that of a spouse.

Compare the amount of a related party's interest in any transaction without regard to the amount of the profit or loss involved in the transaction. Where it is not practicable to raise the approximate amount of the interest, disclose the approximate amount involved in the transaction.

## FINANCIAL CONDITION OF THE ISSUER

27. Does the issuer have an operating history?

☑ Yes
☐ No

28. Describe the financial condition of the issuer, including, to the extent material, liquidity, capital resources and historical results of operations.

### 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

Join Expert DOJO as we double down when the rest of the World slows down!

https://www.youtube.com/watch?v=Y6F7IFy0oWO&feature=youtu.be

We train and support early-stage startups from all over the world.

The world's most successful accelerator with over 500 investments in some of the fastest-growing companies in the world. Projections cannot be guaranteed.

### Milestones

Expert Dojo, Inc. was incorporated in the State of California in January 2019.

Since then, we have:

- We doubled in our portfolio investments since our 2021 WeFunder raise from 100 to 200 investments.
- The valuation of the companies we invested in have increased from 300M to 1.2B in less than 3 years.
- Next we intend to more than double again to 500 investments by 2027.
- Now we intend to incubate 5 of our own companies with 10X the equity % of our current portfolio.
- On track to increase valuation of our companies to 10B by 2028 with assets under management of 500M
- We added 879 WeFunder investors to the Expert DOJO family in our last round.
- Our training revenue has increased with 42.8%, and the DOJO team has grown 40% since our last raise.

### Historical Results of Operations

- Revenues & Gross Margin. For the period ended December 31, 2021, the Company had revenues of $993,416.35 compared to the year ended December 31, 2020, when the Company had revenues of $651,518. Our gross margin was 100.0% in fiscal year 2021, compared to 100.0% in 2020.
- Assets. As of December 31, 2021, the Company had total assets of $143,360.96, including $0 in cash. As of December 31, 2020, the Company had $132,977 in total assets, including $48,279 in cash.
- Net Loss. The Company has had net losses of $744,608.21 and net losses of $518,418 for the fiscal years ended December 31, 2021 and December 31, 2020, respectively.
- Liabilities. The Company's liabilities totaled $43,863.76 for the fiscal year ended December 31, 2021 and $67,852 for the fiscal year ended December 31, 2020.

### Liquidity & Capital Resources

To-date, the company has been financed with $48,532 in debt and $432,500 in

equity.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 9 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 8 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

Expert Dojo, Inc. cash in hand is $0, as of April 2022. Over the last three months, revenues have averaged $45,000/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $178,366/month, for an average burn rate of $133,366 per month. Our intent is to be profitable in 6 months.

We are investing in 30% more companies today than 4 months ago. This trend will continue

Our revenue will continue to increase as we invest in more companies and we receive more fees for doing this. We will also be launching a pre accelerator program, which will be a fee based program and will also bring in additional revenue.

Our profits will come from exits. Right now we are building our equity portfolio

Exits from the companies we invest in will be the big revenue wins. This could be tens of millions of dollars based on choosing our companies well.

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

INSTRUCTIONS IN QUESTION 23: The discussion must cover each year for which financial statements are provided. For issuers with no prior operating history, the discussion should focus on financial information and operational, liquidity and other challenges. For issuers with an operating history, the discussion should focus on whether business is ready and cash. For a new representation of what business should expect in the future. This has account the proceeds of the offering and any other known or pending sources of capital. Also see how the proceeds from the offering will affect liquidity, whether receiving these funds and any other additional funds is necessary to the inability of the business, and how quickly the issuer anticipates using its available cash. These are the other available sources of capital to the business, such as lines of credit or required contributions by shareholders. References to the issuer in this Question 23 and these instructions refer to the issuer and its predecessors, if any.

# FINANCIAL INFORMATION

23. Include financial statements covering the two most recently completed fiscal years or the period(s) since inception, if shorter.

Refer to Appendix C, Financial Statements

1. Brian Mac Mahon, certify that:

(1) the financial statements of Expert Dojo, Inc. included in this Form are true and complete in all material respects; and

(2) the financial information of Expert Dojo, Inc. included in this Form reflects accurately the information reported on the tax return for Expert Dojo, Inc. filed for the most recently completed fiscal year.

Brian Mac Mahon

Founder & CEO Expert Dojo

# OTHER MATERIAL INFORMATION

23. In addition to the information expressly required to be included in this Form, include:

- (1) any other material information presented to investors; and

- (2) such further material information, if any, as may be necessary to make the required statements, in the light of the circumstances under which they are made, not misleading.

The Lead Investor. As described above, each investor that has entered into the Investor Agreement will grant a power of attorney to make voting decisions on behalf of that Investor to the Lead Investor (the "Proxy"). The Proxy is irrevocable unless and until a Successor Lead Investor takes the place of the Lead Investor, in which case, the investor has a five (5) calendar day period to revoke the Proxy. Pursuant to the Proxy, the Lead Investor or his or her successor will make voting decisions and take any other actions in connection with the voting on Investors' behalf.

The Lead Investor is an experienced investor that is chosen to act in the role of Lead Investor on behalf of Investors that have a Proxy in effect. The Lead Investor will be chosen by the Company and approved by Wefunder Inc. and the identity of the initial Lead Investor will be disclosed to Investors before Investors make a final investment decision to purchase the securities related to the Company.

The Lead Investor can quit at any time or can be removed by Wefunder Inc. for cause or pursuant to a vote of investors as detailed in the Lead Investor Agreement. In the event the Lead Investor quits or is removed, the Company will choose a Successor Lead Investor who must be approved by Wefunder Inc. The identity of the Successor Lead Investor will be disclosed to Investors, and those that have a Proxy in effect can choose to either leave such Proxy in place or revoke such Proxy during a 5-day period beginning with notice of the replacement of the Lead Investor.

Reproduction of the Lead Investor

The Lead Investor will not receive any compensation for his or her services to the SPV. The Lead Investor may receive compensation if, in the future, Wefunder Advisors LLC forms a fund ("Fund") for accredited investors for the purpose of investing in a non-Regulation Crowdfunding offering of the Company. In such as circumstance, the Lead Investor may act as a portfolio manager for that Fund (and as a supervised person of Wefunder Advisors) and may be compensated through that role.

Although the Lead Investor may act in multiple roles with respect to the Company's offerings and may potentially be compensated for some of its services, the Lead Investor's goal is to maximize the value of the Company and therefore maximize the value of securities issued by or related to the Company. As a result, the Lead Investor's interests should always be aligned with those of investors. It is, however, possible that in some limited circumstances the Lead Investor's interests could diverge from the interests of investors, as discussed in section 8 above.

Investors that wish to purchase securities related to the Company through Wefunder Portal must agree to give the Proxy described above to the Lead Investor, provided that if the Lead Investor is replaced, the Investor will have a 5-day period during which he or she may revoke the Proxy. If the Proxy is not revoked during this 5-day period, it will remain in effect.

Tax Filings. In order to complete necessary tax filings, the SPV is required to include information about each investor who holds an interest in the SPV, including each investor's taxpayer identification number ("TIN") (e.g., social security number or employer identification number). To the extent they have not already done so, each investor will be required to provide their TIN within the earlier of (i) two (2) years of making their investment or (ii) twenty (20) days prior to the date of any distribution from the SPV. If an investor does not provide their TIN within this time, the SPV reserves the right to withhold from any proceeds otherwise payable to the investor an amount necessary for the SPV to satisfy its tax withholding obligations as well as the SPV's reasonable estimation of any penalties that may be charged by the IRS or other relevant authority as a result of the investor's failure to provide their TIN. Investors should carefully review the terms of the SPV Subscription Agreement for additional information about tax filings.

INVOICE FROM REQUISITION #1: (i) Information is presented to investors in a format, media or other means not able to be reflected in text or partially discussed format, the issuer should include:
(a) a description of the material content of each information;
(b) a description of the format in which such disclosure is presented; and
(c) in the case of disclosure in what, and/or what (format, media or format, a main sign or description of such disclosure).

## ONGOING REPORTING

32. The issuer will file a report electronically with the Securities & Exchange Commission annually and post the report on its website, no later than

120 days after the end of each fiscal year covered by the report.

33. Once posted, the annual report may be found on the issuer's website at:
/invest

The issuer must continue to comply with the ongoing reporting requirements until:

1. the issuer is required to file reports under Exchange Act Sections 13(a) or 15(d);
2. the issuer has filed at least one annual report and has fewer than 300 holders of record;
3. the issuer has filed at least three annual reports and has total assets that do not exceed $10 million;
4. the issuer or another party purchases or repurchases all of the securities issued pursuant to Section 4(c)(6), including any payment in full of debt securities or any complete redemption of redeemable securities; or the issuer liquidates or dissolves in accordance with state law.

## APPENDICES

Appendix A: Business Description & Plan

Appendix C: Financial Statements

Financials 1
Financials 2

Appendix D: Director & Officer Work History

Brian Mac Mahon
Isabelle Persson
Nektar Baziotis
Silvia Olmedo
Sophie Angner

Appendix E: Supporting Documents

ttw_communications_80275_235231.pdf

## Signatures

Intentional misstatements or omissions of facts constitute federal criminal violations. See 18 U.S.C. 1001.

The following documents will be filed with the SEC:

Cover Page XML

Offering Statement (this page)

# Appendix A: Business Description & Plan

# Appendix B: Investor Contracts

SPV Subscription Agreement - Early Bird

Early Bird SAFE (Simple Agreement for Future Equity)

SPV Subscription Agreement

SAFE (Simple Agreement for Future Equity)

# Appendix C: Financial Statements

Financials 1

Financials 2

# Appendix D: Director & Officer Work History

Brian Mac Mahon

Isabelle Persson

Nektar Baziotis

Silvia Olmedo

Sophie Angner

# Appendix E: Supporting Documents

ttw_communications_80275_235231.pdf

Pursuant to the requirements of Sections 4(c)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100 et seq.), the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing an Annual Report and has duly caused this Form to be signed on its behalf by the duly authorized undersigned.

Expert Dojo, Inc.

By

Brian Mac Mahon

Founder & CEO

Pursuant to the requirements of Sections 4(c)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100 et seq.), this Annual Report and Transfer Agent Agreement has been signed by the following persons in the capacities and on the dates indicated.

silvia garcia olmedo

Board member
3/31/2023

Brian Mac Mahon

Founder & CEO
3/30/2023

The Annual Report must be signed by the issuer, its principal executive officer or officers, its principal financial officer, its controller or principal accounting officer and at least a majority of the board of directors or persons performing similar functions.

I authorize Wefunder Portal to submit a Annual Report to the SEC based on the information I provided through this online form and my company's Wefunder profile.

As an authorized representative of the company, I appoint Wefunder Portal as the company's true and lawful representative and attorney-in-fact, in the company's name, place and stead to make, execute, sign, acknowledge, swear to and file a Annual Report on the company's behalf. This power of attorney is coupled with an interest and is irrevocable. The company hereby waives any and all defenses that may be available to contest, negate or disaffirm the actions of Wefunder Portal taken in good faith under or in reliance upon this power of attorney.

**Attachment 2:** `document_2.pdf`

_No text found in this document._

**Attachment 3:** `document_3.pdf`

![img-0.jpeg](img-0.jpeg)

![img-1.jpeg](img-1.jpeg)

■ PITCH VIDEO ■ INVESTOR PANEL

INVEST IN EXPERT DOJO

Join Expert DOJO as we double down when the rest of the World slows down!

LEAD INVESTOR

Lex C. Morgan

I invested in Expert Dojo because I'm committed to democratizing the venture capital process. I've been really impressed with Brian and his Expert Dojo team with promises made... and those promises delivered! I get excited when I see business start-ups from around the world that have a real and likely probability of being very successful. I love the idea that I'm helping them. The combined trajectory of the start-up looks great. That's what makes the trajectory of Expert Dojo look so encouraging. I believe there is huge potential, here.

Invested $10,000 this round

expertdojo.com

Santa Monica CA

Technology

Service

Venture Backed

# Highlights

1 We doubled in our portfolio investments since our 2021 WeFunder raise from 100 to 200 investments.
2 The valuation of the companies we invested in has increased from 300M to 1.2B in less than 3 years.
3 Next we intend to more than double again to 500 investments by 2027.
4 Now we intend to incubate 5 of our own companies with 10X the equity % of our current portfolio.
5 On track to increase valuation of our companies to 10B by 2028 with AUM of 500M (not guaranteed)
6 We added 879 WeFunder investors to the Expert DOJO family in our last round.
7 Our training revenue has increased with 42,8%, and the DOJO team has grown 40% since our last raise.
8 We are also doubling down on diversity with more investments in female and minority founders

# Our Team

![img-2.jpeg](img-2.jpeg)

**Brian Mac Mahon** Founder & CEO

Brian has lived in over 40 countries and owned multiple companies over that time. He is one of the most respected startup influencers in Silicon Beach.

https://www.youtube.com/watch?v=Y6f7IFy0oW0&feature=youtu.be

![img-3.jpeg](img-3.jpeg)

### **Sophie Angner** Head of Operations

Sophie coordinates the 3-months startup program that all of our startups participate in. She has several years of experience in helping startups launch in the United States and worked for a long time for the Swedish American Chamber of Commerce.

![img-4.jpeg](img-4.jpeg)

### **Jonathan Wallace** Senior Associate

Jonathan is responsible for sourcing the companies into the accelerator program, performing due diligence, and investing in companies.

![img-5.jpeg](img-5.jpeg)

### **Victoria Mehran** Investment Associate

Victoria has over ten years of experience investing, mentoring, and advising entrepreneurs in their journey. Additionally, she is an Advisor at Astia Angel Group, Women Network, 13 Ventures, and Green Hill Ventures, Startupscale 360.

![img-6.jpeg](img-6.jpeg)

### **Nektar Baziotis** Head of Tech

Nektar has more than 20 years of experience in International Business Development, IT Project Management, IT Business Consulting, E-Learning, and Artificial Intelligence. Nektar is one of the Co-Founders of ENKI Inc. and Apogee Information Systems.

![img-7.jpeg](img-7.jpeg)

### **Isabelle Persson**

## THE PAST WEFUNDER RAISE

![img-8.jpeg](img-8.jpeg)

![img-9.jpeg](img-9.jpeg)

## OUR RESPONSE TO THE CHANGING MARKET

In 2021 we asked you, the Wefunder retail investor network, to support us as we were building one of the fastest growing venture capital funds in the United States. You replied in unison by oversubscribing the round and we did not let you down with the proceeds. The 100 companies we have invested in since that time have come in at better valuation gains, grown faster and positioned Expert DOJO as a premier accelerator program in the United States. As other venture capitalists invested at much higher valuations and became exposed to heavy losses, Expert DOJO focused on providing value to our startup network and our valuation gains soared. As the market softens we expect to get better and better companies which we can scale faster than ever before.

When we founded Expert DOJO we knew we did not want to invest in the usual Silicon Valley hype driven companies. Our belief has always been that, by investing in exceptional founders with an obsessive focus to build the perfect growth formula, we and you will outperform the standard venture capital model of one company in twenty making it.

We are aware though that, in good times, it’s hard even for great founders to compete with inferior founders with hundreds of millions of dollars of misguided investment. In tough times, however, those same money rich founders run for the hills. This is why we are seeing fund after fund advise their startups to be careful right now. Our advice to our startups is the same remains the same.

EXPERT  
DOJO ![EXPERT logo graphic]()

# if things get tough, hit your sales harder

You will stand out from the crowd.  
If the world economy gets a quick rebound and things are less tough,  
then still hit sales hard, so you stand out even more from the crowd.

## THIS IS A TIME OF STARTUP CONQUERORS

What we do know is that we are moving into an uncertain period when opportunity will knock much louder for our startups but they have to focus on growth to benefit from it. This is a time of startup conquerors and that is what we train our startups to be.

As our response to this uncertain period, Expert DOJO is setting up more and more growth programs for our alumni along with mastermind groups. For companies looking to hit specific milestones, growth aggression is the only path.

## MORE AND MORE ACHIEVEMENTS

We doubled down on our commitment to diversity over the last year with more founders of color than ever before and a strong bias on first time founders with the grit to make it to the finish line.

What is most exciting about what we achieved is the sales growth accelerator training plan that we developed. This program is now the most conclusive available anywhere and supports founders for up to 3 years rather than the normal 12 weeks. As we do not need any funds for our investments we want to again galvanize our Expert DOJO community to help us build out this training program so that we can offer it to the whole world. As we grow our investments we will also offer our training to a world who should be taught to start their own companies.

This extended and improved growth training program is now being built in the virtual multiverse from the current raise. Our intention is to build out the most comprehensive training program to not only support the companies we invest in but also the companies we want to put in our venture studio. This will expand the Expert DOJO reach and allow us to prepare the next batch of startups before they even know they need us.

We believe that what Expert DOJO makes in the startup community through great investments should be returned to that same community. This is not the spark of a future dream, it's the burning fire of a reality today. With almost 200 startup investments already made by Expert DOJO in startups from over 30 countries, we are already creating ripples in a very big pond. Our ambitions are to grow to over 5,000 startup investments in the next 15 years and tilt up the startup world from founders to investors.

It's especially important to emphasize that we are not raising a new fund to invest from as we are already established with our own fund which is more than sufficient to invest in hundreds of more companies. The funds we are raising now will allow us to do two new initiatives that we have not been able to do previously:

- First of all we are now incubating our own companies inside Expert DOJO to 10X our equity returns and control the entire growth process. The funds we raise will allow us to build an internal growth team to implement the same scaling structure that we have been able to build for the startups we invest in. Other venture funds have done this inhouse with great success from brands like Dollar Shave Club and Liquid Death, which both entered the Billion Dollar valuation club. At Expert DOJO's 10,000 sq ft office in Santa Monica, we're building a physical metaverse zone where we can also sell the products for the companies we are incubating.

- In addition we want to give the world access to our growth scaling program. This program is so successful in our Expert DOJO cohorts that we want to spread it around the world. This will be a for profit initiative but, as our mission has always been to enable success in entrepreneurship globally, we

will also provide one training program for free for each one we sell.

Our equity investment financial goals are as ambitious as they always were. We recreated the Y Combinator accelerator model but with a focus on women and minorities rather than the privileged few. This ensures us we're investing in the best and strongest companies out there, with the highest potential to hit the 1 billion dollar mark. On the other end of the ecosystem, we want to have everyday investors support those same startups and benefit from the upside. Y Combinator's portfolio has generated company value in the hundreds of billions of dollars. This level of company value is our North Star.

![img-10.jpeg](img-10.jpeg)

## RECOGNIZED GLOBALLY

We're in our early years, but we're getting our name out there and we're starting to get recognized and acknowledged globally with constant recognition as one of the leading accelerator programs for early stage startups. Our focus on scaling as a differentiating factor may seem strange to the casual onlooker but it's a game changer in a world where hype is the dominant valuation increase tactic. Join any of our demo days and you will see that each of our cohorts is filled with some of the most impressive companies that you will ever see. We have been punching above our weight since we started and now we are just punching hard.

On April 7th 2022, 600 of our retail investors, institutional investors, Expert DOJO portfolio companies, advisors and mentors all came together for an innovative afternoon and evening in DTLA at Expert DOJO's own Investor Festival.

![img-11.jpeg](img-11.jpeg)

## RETURNS FOR ALL, NOT JUST THE PRIVILEGED FEW

With this current round we are offering a much more ambitious offering to our shareholders and that's the share in our venture capital company when we exit or get acquired. We intend to be one of the largest small-cap hedge funds in the early-stage startup space. Although many risk factors can hinder this goal we believe that our track record over the last 4 years building our first portfolio of over 200 equity stakes in early-stage companies shows how serious we are. Our ambition goes so far beyond this and every company we invest in will increase the value of Expert DOJO which increases your ownership value. As these companies grow that also increases ours and your valuation. We want you to grow with us as we build, in a way that many investors never have had the chance to do before.

## OUR 8 POINT MANIFESTO GROWS STRONGER TO

# BUILD A BETTER WORLD, THROUGH VENTURE CAPITAL ACCESS TO ALL

## 1. Venture Capital has the highest ROI in the world. Ordinary investors should have access to it.

You've heard about Amazon being a return of 14,000,000 X for its early investors, as well as Facebook's 730,503 X-return. These investments are not made on Robinhood or the stock market. These deals are made long before the companies are getting close to an IPO. As of now, the rich private investors (Angels) and Venture Capital firms are getting even richer, and average America is left outside.

With hundreds of Unicorns and thousands of companies being acquired for hundreds of millions of dollars, it's extremely lucrative if you can find the best companies to invest in at the very earliest stage when valuations are at their most suppressed. That's exactly what we do at Expert DOJO. We look for the hundreds and thousands X-returns by finding companies who convince us of their potential market size and show us the revenue path to get there. If a company can't achieve 10 million a month in revenue then we don't pursue them as an investment opportunity.

![img-12.jpeg](img-12.jpeg)

## 2. The percentage of Unicorns in the World is increasing

## 2. The percentage of Unicorns in the World is increasing, that's where we should focus our investments.

Historically, the US has been ahead of the rest of the world when it comes to delivering unicorns, but year by year it evens out, and now, in 2022, China is ahead. We believe India will have 200 unicorns and that Africa will have 50, within 10 years. Many funds are scared of entering these new regions but Expert DOJO relishes the opportunity. We know which countries are expanding, which have the most fertile ecosystems, which have the lowest barriers to access, and which have the best returns. Our team is already distributed and searching for new companies every day.

![img-13.jpeg](img-13.jpeg)

![img-14.jpeg](img-14.jpeg)

10 🔍 AUSTRIA

### 3. Everyday Investors should benefit from the high potential returns from startup investment, not the venture capitalists.

10 years ago there were 14 Unicorns in the world. Today there are over 1,000. This means that the opportunity to have an ownership in an asset that can provide 20-50 times multiples is more than ever before. There is no other asset class that can provide returns even close to startup investment but it's best to keep the investment low to mitigate the risks. Expert DOJO invests in hundreds of companies to mitigate this risk from our side. We only need one in twenty to succeed to win big.

Previously, only accredited private investors and institutional investors could invest in startups. As an investor in Expert DOJO, you don't only get ownership of our shares but you will now get the upside from these companies we are incubating. Expert DOJO will do all the due diligence on the upcoming investments, as we have the experience. This does not guarantee that we are right but it does position us to make more informed decisions. We'll open up the doors to Silicon Valley and the investor world to you. We want the owners of Expert DOJO to be the people, which is why we are inviting you to be a part-owner of our company as we continue to hyper scale.

### 4. We invest in Black founders and minorities as an everyday habit because every fund should.

Star News was the first African company we ever invested in and we have never looked back. We were stunned that with an obvious route to 500k in monthly revenue and over 5 million subscribers no other venture capital firm could see the obvious upside in this great company.

EXPERT DOJO

# DIVERSITY is the
NEW NORMAL

![img-0.jpeg](img-0.jpeg)

here at
EXPERT DOJO

We believe in investing in
founders with extraordinary skills,
resilience, and grit rather than
Silicon Valley privilege.

Africa has been a goldmine for Expert DOJO. We started investing in the region because it was the right thing to do and we knew there would be opportunity. What we did not realize is just how much opportunity there was. As we invested in company after company our unrealized gains outstripped every other region by at least two times. These gains continue to grow and our expectation is that at least 4 of our African companies will close series A rounds in the next 12 months. This is the most conservative perspective we can give as we expect this number to be much higher.

Our intention is to double down in the region which is why we have a person on the ground looking for top class companies who can scale quickly with Expert DOJO as an investment partner.

## Star News Testimonial

![img-1.jpeg](img-1.jpeg)

![img-2.jpeg](img-2.jpeg)

# **5. We believe in investing in founders with extraordinary skills, resilience, and grit rather than Silicon Valley privilege. Everybody in the world should have an equal opportunity of having a successful business irrespective of gender, color, and privilege.**

Our portfolio contains Black, White, Brown, Latino, Muslim, Christian, Jewish, female, gay, and all other founder demographics that you can imagine. We invested in everyone because we believe that resilience forges better steel. We would bet on these founders any day of the week not just because it’s the right thing to do but more because it’s a better bet.

We want the global startup community to improve the investment diversity that we see as the new normal. 75% of our investments have been made in minority and female founded startups. Over the last 3 years we’ve had the privilege of seeing how these founders react to diversity and we have been blown away by their resilience and grit. They combine a “will not be defeated” mindset and emotional intelligence that creates a better formula for success.

# **Benjamin Saves Testimonial**

![img-3.jpeg](img-3.jpeg)

![img-4.jpeg](img-4.jpeg)

## 6. We invest in Female founders, as the percentage of global funding they receive is a disgrace.

As little as around 20 females have ever founded a company and brought it IPO. Only 3% of the $147.6 billion of 2020’s overall deal volume, went to black-founded businesses. Surveys find that Black and Latinx women combined received just 0.64% of the invested capital 2018-2019.

In short, this is a disgrace. In 2021 the numbers got even worse, which is bizarre because the statistics show that females are more likely to be successful in startups compared to males.

![img-5.jpeg](img-5.jpeg)

### Virtanza Testimonial

![img-6.jpeg](img-6.jpeg)

![img-7.jpeg](img-7.jpeg)

## Sensate Testimonial

![img-8.jpeg](img-8.jpeg)

## 7. Our schools do not educate startups for success, so we will.

Right now startup is a game of who can raise more investment. This is wrong and hurts entrepreneurship and the great founders who deserve more. To be successful in startups you need to build a great foundation based on the right skills. This is where our current education system lets us down. We can do better and we will do better. This is why we want to deploy our program to the world.

We want every adult and subsequently every child to have all the tools they need to be able to start their own company.

EXPERT DOJO

# EDUCATING OUR COMPANIES FROM THE GROUND UP

# BUILD

We help our companies build a billion-dollar vision and build the brand, the personal brand, and a marketing plan.

# INVEST

We bring in every conceivable type of investor to make sure cash flow is never a problem.

# GROW

With every company, we refine their growth strategy that crosses the digital and physical landscape.

# Strengthen

Bolstering the founder's mindset to make sure that the startup has the necessary resilience and grit to make it to the end of the journey.

# 8. We want to democratize access for investors & startups.

What we at Expert DOJO know, is that it only takes one unicorn to become a wealthy and successful investor. If we follow the playbook of Y Combinator we can see billions of dollars of revenue into their company from investments with a pipeline of many billions more. We're at the early stage of the Y Combinator journey, and we're opening up the locked market for you to join nice and early. This means you get access to the most promising companies when the valuations are the best. We want to give you the opportunity of a thousand X return.

Forward-looking projections are not guaranteed.

Join our journey and help us build the type of world you want your kids to start a company in. We won't let you down.

How our investors will get a return for helping Expert DOJO create a better startup venture world.

startup venture world.

Expert DOJO is a startup accelerator in Santa Monica. We are known for having strong opinions about the inequities within the venture world and for having a strong drive to usher in real change. Our objective is simple. We want to create a new startup world where every global citizen can start a business with an equal opportunity of success, irrespective of color, gender, lifestyle preferences or background.

The start of this journey is our startup accelerator, where we have committed to investing tens of millions of dollars into the greatest entrepreneurs we can find from the most diverse corners of the earth. We intend to show other venture capitalists that this is a more profitable way forward, so we have built what is believed to be the greatest accelerator program anywhere so that our founders are totally focused on traction and growth and not raising money. Greed and speed became our friends and startup failure our enemy.

Since our inception our metrics have outpaced 90% of the industry. The main metric venture capitalists use to measure performance is the internal rate of return. This is the percentage increase in valuation since the investment was made divided by the time period since that investment. A top unrealized or realized IRR is 30% over the 10 years it normally takes to exit a company and this allows for wins and losses within the fund. Expert DOJO have been investing for just under 3 years and our unrealized IRR is over 64% with gains of over 300%. What drives this is our absolute focus on the speed of growth and finding the best growth enabled founders. We don’t look for who went to the best schools or who they know, only what they can do. With over 200 investments of 25-100k each we are building an empire worth having.

All of our early victories are well documented and our three pillars well established. We believe in being growth obsessed, giving global access and doubling down on community and this has been at our core since we started. Something quite unexpected has impacted us, however, this year that goes well beyond what we believed would happen with Expert DOJO. That event that made us notice was the GameStop saga when a large amount of small retail investors took on a hedge fund giant and won. In that moment we realized that

the war to tilt up start up was not just about improving success rates for founders who deserved it but it was also to tilt up everyday investors who should have the same opportunity that wealthy investors have and get access to the best returns.

We have always believed that startup investing provides the best returns to investors when executed properly. It is well known that the best investors can achieve returns of thousands of percent when the right startup is backed. the problem is that these retail investors don't have access to the right information to make the best decisions. This was the moment we decided to include everyday investors into our DOJO mission and launch a Wefunder Campaign through regulation CF. As we already have our fund committed to by our existing partners, we did not need this money. What we wanted was influence within the most important emerging sector in Venture, everyday folks. We launched this campaign to build an army who care. Our view is that by giving general investors an ownership position of Expert DOJO, we would build the group of investors we know would support our companies in many ways going forward. We immediately became one of the fastest growing campaigns on their platform and had hundreds of new investors come on board. We actually had to slow down the raise to get our accounting and legal work done and our new mission had begun. Many of our colleagues wondered how it all worked and how we can share our profits, especially as its not possible for retail investors to invest in a company that is more than 40% dedicated to investing, so let me share it here.

Expert DOJO comprises of two companies. The first is Expert DOJO Ventures. This company receives equity distributions for the companies we invest in. The second company is Expert DOJO inc and this company receives all the training and other revenues from Expert DOJO Ventures and startups. We knew that we could not give an equity share in Expert DOJO Ventures along with exit distributions, as this would not have been legal but we also knew that both companies were absolutely bound together and were inseparable going forward, as per the operating agreement. Neither company can be sold without including the other so all shareholders of one also have security in the other. This means that all Wefunder investors get their percentage of the proceeds of both companies when either one of them sells.

Here is how it works. We invested in 200 companies and between equity and warrants and subsequent investments we have the opportunity to have between 5% and 15% of all of them. Assuming a 20% success rate and average exit of 100 million this gives Expert DOJO Ventures the opportunity to have billions of dollars of future returns and that will build our company value to a very healthy multiple from where we are today. We will also drive ordinary revenue through training programs so that the large exits are balanced out with ongoing scaling cashflow.

*Forward-looking projections are not guaranteed.*

In this raise we will be building internal companies that you can have equity returns from, as they are our companies with majority ownerships by Expert DOJO. These in addition to the additional revenue we will receive through selling training programs will give an even better upside to investors than we promised in our raise in 2021.

Our objective is simple. We build up expert dojo equity ownership to keep our future value growing and in the future we get acquired by one of the later stage VC’s or we go public. This is just the first of many public raises we will do going forward and our retail army will continue to swell.

Welcome to a brave new world. Venture Capital will never be the same again. Thank goodness...

**Attachment 4:** `document_4.pdf`

# Balance Sheet Tax Basis

### Assets

| Cash |  |
| --- | --- |
| Expert DOJO Cash Account | $50.88 |
| BOA - Business Checking | $102,611.73 |
| Property, Plant, And Equipment | $1,500.00 |
| Other Loans/Receivables |  |
| Loan Receivable | $25,000.00 |
| Loan Receivable: Nvisnx | $10,000.00 |
| Related Party Loans |  |
| Loans To Partners/Owners | $2,697.95 |
| Other Assets |  |
| Fixed Assets | $1,500.00 |
| Total | $143,360.56 |

### Liabilities

| Expert DOJO Inc. 's Brex Card Account | $0.00 |
| --- | --- |
| Accounts Payable | $19,150.75 |
| Other Bank Loans Nonrecourse |  |
| Loan: Paycheck Protection Program | $43,863.76 |
| Other Loans Nonrecourse |  |
| Loan From Brian | $24,000.00 |
| Total | $87,014.51 |

### Equity

| Common Stock | $400,000.00 |
| --- | --- |
| Additional Paid In Capital | $157,500.00 |
| Partner Capital |  |
| Investor: Benjamin S Simon & Juulie A Simon | $50,000.00 |
| Investor: Chris Lightbound | $120,000.00 |
| Investor: Dinella Richard | $50,000.00 |
| Investor: Fairmont Heritage Trust/Rec/Joshua | $25,000.00 |
| Investor: Fairmont Heritage Trust/Rec/Nathan | $25,000.00 |
| Investor: Fairmont Heritage Trust/Rec/Sophie | $25,000.00 |
| Investor: Fairmont Rec Keith Fairmont | $50,000.00 |
| Investor: Galina Kogan | $50,000.00 |
| Investor: Isabelle | $100,000.00 |
| Investor: Kenneth B Gootnick | $100,000.00 |
| Investor: Mehlman Consulting And Inv | $50,000.00 |
| Investor: Outsourced Licensee Network | $25,000.00 |
| Investor: Rimma Mikhaylovna Ronis | $75,000.00 |
| Investor: Samuel W Hunter Or Holly | $75,000.00 |

| Investor: Steven Todd Brunell | $100,000.00 |
| --- | --- |
| Investor: Wefunder | $1,015,075.01 |
| Owner's Cash Distribution: Brian Macmahon | ($15,718.19) |
| Retained Earnings, Accumulated Earnings, Funds | ($28,500.00) |
| Retained Earnings | ($1,647,402.56) |
| Current Earnings | ($744,608.21) |
| Total | $56,346.05 |
| Total Liabilities + Equity | $143,360.56 |

assurance is expressed on these statements. These financial statements are not a full set of

**Attachment 5:** `document_5.pdf`

# Expert Dojo Inc.

(a California Corporation)

## Audited Financial Statements

Period of January 1, 2020
through December 31, 2021

Audited by:

![img-0.jpeg](img-0.jpeg)

TaxDrop LLC
A New Jersey CPA Company

FS - 2

# Financial Statements

# Expert Dojo Inc.

# Table of Contents

| Independent Accountant's Audit Report | FS-3 |
| --- | --- |
| Financial Statements and Supplementary Notes |  |
| Balance Sheets as of December 31, 2021 and December 31, 2020 | FS-5 |
| Income Statements for the period of January 1, 2020 through December 31, 2021 | FS-6 |
| Statements of Changes in Stockholders' Equity for the period of January 1, 2020 through December 31, 2021 | FS-7 |
| Statements of Cash Flows for the period of January 1, 2020 through December 31, 2021 | FS-8 |
| Notes and Additional Disclosures to the Financial Statements as of December 31, 2021 and December 31, 2020 | FS-9 |

FS - 3

# Independent Auditor's Report

September 15, 2022

To: Board of Directors of Expert Dojo Inc.

Attn: Brian Mac Mahon, CEO

Re: 2021 and 2020 Financial Statement Audit - Expert Dojo Inc.

# Report on the Audit of the Financial Statements

# Opinion

We have audited the financial statements of Expert Dojo Inc., which comprise the balance sheets as of December 31, 2021 and December 31, 2020, and the related statements of income, changes in stockholders' equity, and cash flows for the years then ended, and the related notes to the financial statements. In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Expert Dojo Inc. as of December 31, 2021 and December 31, 2020, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.

# Basis for Opinion

We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Expert Dojo Inc. and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

# Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Expert Dojo Inc.'s ability to continue as a going concern.

# Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:

- Exercise professional judgment and maintain professional skepticism throughout the audit.
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Expert Dojo Inc.'s internal control. Accordingly, no such opinion is expressed.

FS - 4

- Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Expert Dojo Inc.'s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

Sincerely,

TaxDrop LLC

TaxDrop LLC
Robbinsville, New Jersey
September 15, 2022

FS - 5

# **Expert Dojo, Inc.**  
 **BALANCE SHEETS**  
 **As of December 31, 2021 and December 31, 2020**  
 **(Audited)**

| ASSETS | 2021 | 2020 |
| --- | --- | --- |
| Current Assets |  |  |
| Cash and cash equivalents | $308,168 | $48,279 |
| Accounts receivable, net of allowance for doubtful accounts | 55,000 | 40,000 |
| Loans receivable | - | 82,000 |
| Due from related party | - | 8,745 |
| Total Current Assets | 363,168 | 179,025 |
| Total Assets | $363,168 | $179,025 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
| Current Liabilities |  |  |
| Accounts payable | $38,762 | $17,151 |
| Credit cards | - | 169 |
| Deferred revenue | 10,000 | - |
| Accrued interest | 768 | 283 |
| Current portion of Paycheck Protection Program loan | 1,957 | - |
| Total Current Liabilities | 51,487 | 17,603 |
| Long-Term Liabilities |  |  |
| Paycheck Protection Program loan | 46,575 | 48,532 |
| Officer loan payable | 39,312 | - |
| Loan payable - Anderson | - | 100,000 |
| Due to affiliate | 533,500 | 443,500 |
| Total Long-Term Liabilities | 619,387 | 592,032 |
| Total Liabilities | 670,874 | 609,635 |
| Stockholders' deficit |  |  |
| Common Stock, $0.0001 par value; 12,000,000 shares authorized |  |  |
| 10,296,760 shares issued and outstanding | 1,029 | 1,041 |
| Additional Paid in Capital - Common | 515,471 | 525,459 |
| SAFEs | 920,000 | - |
| Retained Earnings/(Accumulated Deficit) | (1,744,207) | (957,110) |
| Total Stockholders' Deficit | (307,707) | (430,610) |
| Total Liabilities and Stockholders' Equity | $363,168 | $179,025 |

The accompanying footnotes are an integral part of these financial statements.

FS - 6

# **Expert Dojo, Inc.**  
 **INCOME STATEMENTS**  
 **For the Years Ended December 31, 2021 and December 31, 2020**  
 **(Audited)**

|  | 2021 | 2020 |
| --- | --- | --- |
| Revenues |  |  |
| Program training | $661,383 | $629,145 |
| Cost of Revenues |  |  |
| Program Training Costs | 161,045 | 44,138 |
| Gross Profit | 500,338 | 585,007 |
| Operating Expenses |  |  |
| Advertising and marketing | 57,564 | 7,738 |
| Bad debt | 60,000 | 90,000 |
| General and administrative | 210,780 | 189,849 |
| Salaries and wages | 439,302 | 179,361 |
| Commissions | 24,142 | - |
| Contract labor | 152,663 | 213,881 |
| Rent | 118,824 | 182,525 |
| Legal and Professional services | 245,884 | 70,444 |
| Total Operating Expenses | 1,309,158 | 933,798 |
| Other Income (Expenses) |  |  |
| Event sponsorship | 27,553 | 18,466 |
| Rental income | - | 62,106 |
| Other revenue | 514 | - |
| Interest expense | (6,345) | (283) |
| Total Other income (expense) | 21,723 | 80,289 |
| Net Income (Loss) | $(787,097) | $(268,501) |

The accompanying footnotes are an integral part of these financial statements.

FS - 7

# Expert Dojo, Inc.

# STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

# For the Years Ended December 31, 2020 and December 31, 2020

# (Audited)

|  | Common Stock |  | Additional Paid in Capital | SAFE Notes | Retained Earnings/ (Accumulated deficit) | Total Stockholders' Equity |
| --- | --- | --- | --- | --- | --- | --- |
|  | Shares | Value ($ par) |  |  |  |  |
| Balance as of December 31, 2019 | 10,055,000 | $1,006 | $350,494 | $ - | $(688,609) | $(337,109) |
| Issuance of Common Stock | 350,000 | 35 | 174,965 | - | - | 175,000 |
| Net loss | - | - | - | - | (268,501) | (268,501) |
| Balance as of December 31, 2020 | 10,405,000 | 1,041 | 525,459 | - | (957,110) | (430,610) |
| Issuance of Common Stock | 158,760 | 16 | 124,984 | - | - | 125,000 |
| Repurchase of Common Stock | (270,000) | (27) | (134,973) | - | - | (135,000) |
| Issuance of SAFE Notes | - | - | - | 920,000 | - | 920,000 |
| Net loss | - | - | - | - | (787,097) | (787,097) |
| Balance as of December 31, 2021 | 10,293,760 | $1,029 | $515,471 | $920,000 | $(1,744,207) | $(307,707) |

The accompanying footnotes are an integral part of these financial statements.

FS - 8

# **Expert Dojo, Inc.**  
 **STATEMENTS OF CASH FLOWS**  
 **For the Years Ended December 31, 2021 and December 31, 2020**  
 **(Audited)**

|  | 2021 | 2020 |
| --- | --- | --- |
| Cash Flows from Operating Activities |  |  |
| Net Income (Loss) | $(787,097) | $(268,501) |
| Adjustments to reconcile net income (loss) to net cash provided by operations: |  |  |
| Bad debt expense | 60,000 | 90,000 |
| Changes in operating assets and liabilities: |  |  |
| Accounts receivable | (50,000) | (50,000) |
| Loan receivable | 57,000 | (132,000) |
| Accounts payable | 21,611 | 17,151 |
| Accrued expenses | (169) | 169 |
| Deferred revenue | 10,000 | (8,200) |
| Accrued Interest | 485 | 283 |
| Net cash provided by (used in) operating activities | (688,170) | (351,098) |
| Cash Flows from Investing Activities |  |  |
| Advances to related parties | 8,745 | (6,277) |
| Net cash used in investing activities | 8,745 | (6,277) |
| Cash Flows from Financing Activities |  |  |
| Advances from affiliate | 90,000 | 175,000 |
| Net borrowings on Officer Loan | 39,312 | - |
| Repayments on Loan Payable | (100,000) | - |
| Issuance of SAFE Notes | 920,000 | - |
| Paycheck Protection Program Loan borrowings | - | 48,532 |
| Net issuance/(repurchase) of common stock | (10,000) | 175,000 |
| Net cash used in financing activities | 939,312 | 398,532 |
| Net change in cash and cash equivalents | 259,888 | 41,157 |
| Cash and cash equivalents at beginning of period | 48,279 | 7,122 |
| Cash and cash equivalents at end of period | $308,167 | $48,279 |

The accompanying footnotes are an integral part of these financial statements.

FS - 9

# **EXPERT DOJO INC.**  
**NOTES TO FINANCIAL STATEMENTS**  
**AS OF DECEMBER 31, 2021 AND 2020**

# **NOTE 1 - NATURE OF OPERATIONS**

Expert Dojo Inc. (which may be referred to as the “Company”, “we,” “us,” or “our”) was incorporated in California on January 2, 2015. The Company is an international early-stage startup accelerator that offers a training program to help startups win investment, scale, grow, and learn key business skills. The Company’s headquarters are in California. The Company began operations in 2015.

The Company partners with its affiliate Expert Dojo Ventures LLC, which holds ownership and interest in accelerator startup companies (see Note 4).

Since inception, the Company has relied on contributions from owners, the issuance of Simple Agreements for Future Equity (SAFEs), and securing loans to fund its operations. As of December 31, 2021, the Company had negative working capital and will likely incur additional losses prior to generating positive working capital. During the next twelve months, the Company intends to fund its operations with funding from a crowdfunding campaign (see Note 10), and funds from revenue producing activities, if and when such can be realized. These financial statements and related notes thereto do not include any adjustments that might result from these uncertainties.

# **NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

# **Basis of Presentation**

The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“US GAAP”). Any reference in these notes to applicable guidance is meant to refer to U.S. GAAP as found in the Accounting Standards Codification (“ASC”) and Accounting Standards Updates (“ASU”) of the Financial Accounting Standards Board (“FASB”).

# **Use of Estimates**

The preparation of financial statements in conformity with accounting principles US GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results could materially differ from these estimates. It is reasonably possible that changes in estimates will occur in the near term.

Significant estimates inherent in the preparation of the accompanying financial statements include: Collectability of accounts receivable.

# **Risks and Uncertainties**

The Company’s business and operations are sensitive to general business and economic conditions in the United States. A host of factors beyond the Company’s control could cause fluctuations in these conditions. Adverse conditions may include recession, downturn or otherwise, local competition or changes in consumer taste. These adverse conditions could affect the Company’s financial condition and the results of its operations.

# **Concentration of Credit Risk**

The Company maintains its cash with a major financial institution located in the United States of America, which it believes to be credit worthy. The Federal Deposit Insurance Corporation insures balances up to $250,000. At times, the Company may maintain balances in excess of the federally insured limits.

# **Cash and Cash Equivalents**

The Company considers short-term, highly liquid investment with original maturities of three months or less at the time of purchase to be cash equivalents. Cash consists of funds held in the Company’s checking account.

FS - 10

# EXPERT DOJO INC.

# NOTES TO FINANCIAL STATEMENTS

# AS OF DECEMBER 31, 2021 AND 2020

# Fixed Assets

Property and equipment are recorded at cost. Expenditures for renewals and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for maintenance and repairs are charged to expense. When equipment is retired or sold, the cost and related accumulated depreciation are eliminated from the accounts and the resultant gain or loss is reflected in the income statement.

Depreciation is provided using the straight-line method, based on useful lives of the assets which is three to five years.

The Company reviews the carrying value of property and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition, and other economic factors. Based on this assessment there was no impairment for December 31, 2021.

The Company has no Fixed assets as of December 31, 2021 and 2020.

# Fair Value Measurements

US GAAP defines fair value as the price that would be received to sell an asset or be paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price) and such principles also establish a fair value hierarchy that prioritizes the inputs used to measure fair value using the following definitions (from highest to lowest priority):

- Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
- Level 2 - Observable inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data by correlation or other means.
- Level 3 - Prices or valuation techniques requiring inputs that are both significant to the fair value measurement and unobservable.

There were no assets or liabilities as of December 31, 2021 and 2020 that required fair value measurements.

# Income Taxes

The Company is taxed as a C Corp. Income taxes are provided for the tax effects of transactions reporting in the financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between the basis of receivables, inventory, property and equipment, intangible assets, and accrued expenses for financial and income tax reporting. The deferred tax assets and liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Income taxes are provided for the tax effects of transactions reporting in the financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between the basis of receivables, inventory, property and equipment, intangible assets, and accrued expenses for financial and income tax reporting. The deferred tax assets and liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

FS - 11

# EXPERT DOJO INC.
NOTES TO FINANCIAL STATEMENTS
AS OF DECEMBER 31, 2021 AND 2020

The Company has operated at a loss since inception. The Company has a net operating loss (NOL) totaling approximately $589,140 and $74,944 as of December 31, 2021 and 2020, respectively. The NOL creates a deferred tax asset of $123,719 and $15,738 as of December 31, 2021 and 2020, respectively, with an assumed tax rate of 21%. A 100% allowance has been placed against this deferred tax asset until taxable income from operations can be realized.

The Company evaluates its tax positions that have been taken or are expected to be taken on income tax returns to determine if an accrual is necessary for uncertain tax positions. As of December 31, 2021 and 2020, the unrecognized tax benefits accrual was zero.

# Revenue Recognition

Effective January 1, 2019, the Company adopted Accounting Standards Codification 606, Revenue from Contracts with Customers ("ASC 606"). Revenue is recognized when performance obligations under the terms of the contracts with our customers are satisfied. Prior to the adoption of ASC 606, we recognized revenue when persuasive evidence of an arrangement existed, delivery of products had occurred, the sales price was fixed or determinable and collectability was reasonably assured. The Company generates revenues by earning training program fees as part of its accelerator program, which may range up to $20,000 per company. The Company also earns income from hosting events and collecting event admission fees. The payments are generally collected upfront. The Company has deferred revenue totaling $10,000 and $0 for 2021 and 2020, respectively. The Company's payments are generally collected upfront. The Company earned $689,450 and $709,718 respectively as of December 31, 2021 and 2020, net of returns and allowances for uncollected training fees.

# Receivables and Credit Policy

Trade receivables are stated at the amount billed to the customer and are incurred in the ordinary course of business. Payments of trade receivables are allocated to the specific invoices identified on the customer's remittance advice or, if unspecified, are applied to the earliest unpaid invoice. The Company, by policy, routinely assesses the financial strength of its customer. As a result, the Company believes that its accounts receivable credit risk exposure is limited. As of December 31, 2021 and 2020, the Company had an allowance for doubtful accounts of $45,000 and $10,000 for program fees not yet paid, respectively.

|  | 2021 | 2020 |
| --- | --- | --- |
| Gross Accounts Receivable | $100,000 | $50,000 |
| Allowance for doubtful accounts | (45,000) | (10,000) |
| Net Collectability of Accounts Receivable | $55,000 | $40,000 |

# Organizational Costs

In accordance with FASB ASC 720, organizational costs, including accounting fees, legal fee, and costs of incorporation, are expensed as incurred.

# Advertising

The Company expenses advertising costs as they are incurred.

# Recent Accounting Pronouncements

In February 2019, FASB issued ASU No. 2016-02, Leases, that requires organizations that lease assets, referred to as "lessees", to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases with lease terms of more than 12 months. ASU 2016-02 will also require disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases and will include qualitative and quantitative requirements. The new standard for nonpublic entities will be effective for fiscal years beginning after December 15, 2021. We are currently evaluating the effect that the updated standard will have on the financial statements and related disclosures.

FS - 12

# **EXPERT DOJO INC.**  
 **NOTES TO FINANCIAL STATEMENTS**  
 **AS OF DECEMBER 31, 2021 AND 2020**

The FASB issues ASUs to amend the authoritative literature in ASC. There have been a number of ASUs to date, including those above, that amend the original text of ASC. Management believes that those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to us or (iv) are not expected to have a significant impact our financial statements.

# **NOTE 3 - LOANS**

In May 2020 the Company entered into a Paycheck Protection Program Loan (“PPP Loan”) through the Small Business Administration for $48,532. The loan matures on November 2027 and has an interest rate of 1.0%.

The Company’s application for loan forgiveness was denied. The loan and accrued interest will require repayment. Accrued interest as of December 31, 2021 and 2020 totaled $283 and $768, respectively.

Future required principal payments are as follows for the years ending December 31,

| 2022 | $ | 1,957 |
| --- | --- | --- |
| 2023 |  | 9,288 |
| 2024 |  | 9,382 |
| 2025 |  | 9,476 |
| 2026 |  | 9,571 |
| 2027 |  | 8,858 |
| Total: | $ | 48,532 |

# **NOTE 4 - RELATED PARTY**

The Company works in tandem with its affiliate Expert Dojo Ventures LLC, a California Limited Liability Company (“Ventures”). Ventures was formed for the purpose of holding interest in the startup portfolio of companies that go through the Company’s accelerator program. Ventures invests in the startup companies accepted into the accelerator program in exchange for various equity interests. Ventures and the Company operate under an agreement that current and future training fees earned from providing various services and training sessions to each startup company will be earned by the Company only. If the Expert Dojo brand was acquired, both the Company and Ventures would be required to be collectively acquired. Ventures does not earn revenue or incur operating expenses.

As of December 31, 2021 and 2020, the Company had intercompany payables of $533,500 and $443,500, respectively.

# **NOTE 5 - INCOME TAXES**

The Company has filed its income tax return for the period ended December 31, 2021 and 2020, which will remain subject to examination by the Internal Revenue Service under the statute of limitations for a period of three years from the date it is filed. The Company is taxed as a C Corporation.

# **NOTE 6 - EQUITY**

# **Common Stock**

The Company authorized 12,000,000 shares of common stock at $0.0001 par value and 2,500,000 shares of preferred stock at $0.0001 par value.

In 2020, the Company issued 350,000 Class C Common shares for $175,000. In 2021, the Company had issued an additional 158,760 Class C Common shares for $125,000. The Company also repurchased 270,000 of Class C Common shares.

FS - 13

# EXPERT DOJO INC.

# NOTES TO FINANCIAL STATEMENTS

# AS OF DECEMBER 31, 2021 AND 2020

As of December 31, 2021 the Company had 10,293,760 Class C common shares and 0 Class A Preferred shares issued and outstanding. As of December 31, 2020 the Company had 10,405,000 Class C common shares and 0 Class A Preferred shares issued and outstanding.

# Additional Paid-In Capital - SAFEs

In 2021, the Company issued SAFE notes totaling $920,000. The SAFEs are automatically convertible into preferred units on the completion of an equity financing event (“Qualified Financing”). The conversion price is the lesser of 82% of the price per unit of preferred units received by the Company in a Qualified Financing or the price per share equal to the quotient of a pre-money valuation of $32,000,000 divided by the sum of all Company interests issued and outstanding, assuming exercise or conversion of all outstanding profits interest, vested and unvested options, warrants and other convertible securities, but excluding all SAFEs, convertible promissory notes, and including all interests reserved and available for future grant under any equity incentive or similar plan of the Company and/or any equity incentive or similar plan to be created or increased in connection with the Qualified Financing. The SAFEs are still outstanding as of December 31, 2021.

# NOTE 7 - PRIOR PERIOD ADJUSTMENTS/RESTATEMENT

During 2021 it was discovered that a $100,000 loan originating in 2018 was improperly recorded revenue as opposed in financial statements of the Company. This resulted in an understated loan payable by $(100,000) and overstated retained earnings by $100,000 for the years ending December 31, 2019, 2020 and 2021. The accompanying 2021 and 2020 financial statements have been restated accordingly.

# NOTE 8 - COMMITMENTS AND CONTINGENCIES

The Company is not currently involved with and does not know of any pending or threatening litigation against the Company as of December 31, 2021 (see Note 8 - Subsequent Events).

# COVID-19

In January 2020, the World Health Organization has declared the outbreak of a novel coronavirus (COVID-19) as a “Public Health Emergency of International Concern,” which continues to spread throughout the world and has adversely impacted global commercial activity and contributed to significant declines and volatility in financial markets. The coronavirus outbreak and government responses are creating disruption in global supply chains and adversely impacting many industries. The outbreak could have a continued material adverse impact on economic and market conditions and trigger a period of global economic slowdown. The rapid development and fluidity of this situation precludes any prediction as to the ultimate material adverse impact of the coronavirus outbreak. Nevertheless, the outbreak presents uncertainty and risk with respect to the Company, its performance, and its financial results.

# Office Leases

The Company leases its operating and office facilities under a one-year, revocable with 60 day notice operating lease agreement. The lease expires on February 28, 2022. In the normal course of business, it is expected that these leases will be renewed or replaced by leases on other properties.

After the year ended December 31, 2021, the minimum guaranteed lease fees are $9,975 per month in 2022 until lease expiration.

# NOTE 9 - GOING CONCERN

These financial statements are prepared on a going concern basis. The Company began operation in 2015 and incurred a loss since inception. The Company’s ability to continue is dependent upon management’s plan to raise

FS - 14

# **EXPERT DOJO INC.**  
**NOTES TO FINANCIAL STATEMENTS**  
**AS OF DECEMBER 31, 2021 AND 2020**

additional funds and achieve profitable operations. The financial statements do not include any adjustments that might be necessary if the Company is not able to continue as a going concern.

# **NOTE 10 - SUBSEQUENT EVENTS**

# **Loan Received from Stockholder**

On July 7, 2022, the Company received a $100,000 promissory note from Daylight Investors LLC, a financial partner who invests in various companies in the Cohort, with a maturity date of October 7, 2022.

# **Equity Raise**

The Company is currently working on an Equity raise for up to $2,500,000 to fund operations.

# **Crowdfunded Offering**

The Company is offering (the “Crowdfunded Offering”) up to $250,000 in SAFEs. The Company is attempting to raise a minimum amount of $25,000 in this offering. The Company must receive commitments from investors totaling the minimum amount by the offering deadline listed in the Form C, as amended in order to receive any funds.

# **Management’s Evaluation**

Management has evaluated subsequent events through September 15, 2022, the date the financial statements were available to be issued. Based on this evaluation, no additional material events were identified which require adjustment or disclosure in the financial statements.

**Attachment 6:** `document_6.pdf`

8/18/2021

Brian Mac Mahon | LinkedIn

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EXPERT
DOJO
in
Brian Mac Mahon · 2nd Expert DOJO
Head Honcho at Expert DOJO, the most active startup accelerator in Southern California.
Santa Monica, California, United States ·
Contact info
500+ connections
24 mutual connections: Davina Kaonohi, Tatiana Mulry, and 22 others
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Providing services
Business Consulting, Training, Negotiation, Leadership Development, and Te...
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Featured
For Expert Dojo, investing in @Qura
And during the coronavirus pandemic
! Say Goodbye to groceries list, in supermarket lines and Hello to more
12

https://www.linkedin.com/in/brianmacmahon2/

1/4

8/18/2021

Brian Mac Mahon | LinkedIn

## Activity

15,965 followers

Posts Brian created, shared, or commented on in the last 90 days are displayed here.

See all activity

## Experience

### Head Honcho

Expert DOJO

Jan 2014 - Present · 7 yrs 8 mos

Santa Monica, California

Expert DOJO is the fastest growing accelerator in Southern California based in Santa Monica. We help early-stage startups through investment, foundation, showcasing, influence and community.

Since 2014, we have worked with over 500 startups to accelerate their growth and success. Entrepreneurs love Expert DOJO and the power of our startup community. All entrepreneurs in our programs have agreed to sup ...see more

### CEO

Pay it Forward Labs

Jan 2011 - Mar 2014 · 3 yrs 3 mos

Santa Monica, California

Pay it Forward Labs was the origin of Expert DOJO. We started a mentorship group for entrepreneurs everywhere to help predict business pitfalls before they happened and help each other avoid them. The success of Pay it Forw ...see more

### Owner

Your Office Agent

Aug 2009 - Jan 2013 · 3 yrs 6 mos

Los Angeles

Your Office Agent is an innovative Workplace Marketplace helping small, medium and large sized businesses find their ideal workspace. We provide our customers with a

...see more

https://www.linkedin.com/in/brianmacmahon2/

2/4

8/18/2021

Brian Mac Mahon | LinkedIn

Regus

# **Consultant**

Regus

Jan 1999 - Aug 2009 · 10 yrs 8 mos

Global

I worked in over 35 countries over my 12 years with Regus covering every growth need they had from setting up new markets to training VP level management in established markets. I had the privilege of working with the CE ...see more

https://www.linkedin.com/in/brianmacmahon2/

3/4

8/18/2021

Brian Mac Mahon | LinkedIn

https://www.linkedin.com/in/brianmacmahon2/

4/4

**Attachment 7:** `document_7.pdf`

Kontakta

isabelle@expertdojo.com

www.linkedin.com/in/isabelle-persson-999287105 (LinkedIn)

Främsta kompetenser

Team Leadership

Customer Service

Customer Satisfaction

Languages

Swedish (Native or Bilingual)

Norwegian (Full Professional)

Spanish (Elementary)

English (Full Professional)

Honors-Awards

No. 1 broker in Inner city Stockholm

Publications

Clients Recommendations

# Isabelle Persson

Partner & Head of Investment

Santa Monica, Kalifornien, USA

## Sammanfattning

Here to make sure we get more badass women into the venture capital world! More female venture capitalists, as well as angels, are needed. Over the past 3 years, I have shown that you can grow from the bottom and up in VC, and I've helped 200+ startups along the way to grow in their early stages of life. Since my first day at Expert DOJO, we've invested in 200 new deals, as Head of Investment I run point on all of them. 70% of these companies have minority founders with a high percentage of black, Latino, and female founders. Aside from the hands-on work with our portfolio companies, I handle everything investment related within Expert DOJO, onboard new Associates and Venture Partners, as well as taking an active role in the firm's future directions.

## Erfarenhet

Expert Dojo

Partner & Head of Investment

oktober 2021 - mars 2023 (1 år 6 månader)

Santa Monica, California, United States

Isabelle Persson Fastighetsmäklare AB/BOSTHLM

Real Estate Broker

januari 2017 - oktober 2021 (4 år 10 månader)

Real Estate Broker running my own business.

Expert Dojo

Head Of Investment

maj 2020 - april 2021 (1 år)

Los Angeles, California, United States

BOSTHLM

Real Estate Broker

februari 2016 - januari 2017 (1 år)

Stockholm, Sverige

Page 1 of 2

# Utbildning

UCLA Extension

Certificate, Digital Marketing · (2019 - 2020)

Malmö University

Real Estate · (2013 - 2016)

Page 2 of 2

**Attachment 8:** `document_8.pdf`

8/18/2021

Invest In Pro Soccer - Make a $25K angel investment in New Amsterdam FC, a

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![img-1.jpeg](img-1.jpeg)

Nektar Baziotis 🇬🇧 · 2nd

Artificial Intelligence | E-Learning |
Entrepreneur

Talks about #branding, #business,
#strategy, #innovation, and
#artificialintelligence
Santa Monica, California, United States ·

Contact info

17,307 followers · 500+ connections

5 mutual connections: Kalika Yap, Davina Kaonohi, and 3 others

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Hiring a Sales Assistant & 1 other

ENKI Inc. · Santa Monica, California, United States...
See all details

ENKI Technologies inc.

The Wharton School

Providing services

Project Management, Stra
See all details

# About

***Follow me for Artificial Intelligence and E-Learning strategies, resources, and
job openings!***

... see more

https://www.linkedin.com/in/nektariosbaziotis/

1/5

8/18/2021

# Experience

# President - Co-Founder

ENKI Technologies inc.

May 2015 - Present · 6 yrs 4 mos

Santa Monica, California, United States

With strong cross-market experience, we provide solid solutions and business strategy

- Project Management
- Business Development and Strategic Expansion
- E-learning Strategist and Consultant
- Artificial Intelligence
- HR Strategy and Planning

![img-2.jpeg](img-2.jpeg)

# Head Of Information Technology

Expert Dojo

Aug 2014 - Present · 7 yrs 1 mo

Santa Monica, California, United States

Responsible for Developments and Tech Decisions for Expert Dojo.

Recent works include, official website, and development of

![img-3.jpeg](img-3.jpeg)

# Founder & Managing Director

Apogee Information Systems

Aug 2005 - Present · 16 yrs 1 mo

- Project management and Team coordination on EU-projects
- Information Systems & Database expert
- Communication Development
- International Business

...see more

https://www.linkedin.com/in/nektariosbaziotis/

2/5

8/18/2021

# Business Analyst

European Railway Agency

Dec 2011 - Dec 2012 · 1 yr 1 mo

Lille Area, France

- Facilitation of feasibility study;
- Business analysis;
- Defining actual situation and business models;
- Identification of a technical implementation appr ...see more

# Project manager

Cedefop

Nov 2002 - Oct 2004 · 2 yrs

Fields of expertise:

1. Project management
2. Developing web projects &amp; sophisticated w ...see more

Show 1 more experience

# Education

# The Wharton School

Entrepreneurship/Entrepreneurial Studies

2021 - 2022

# Massachusetts Institute of Technology

Artificial Intelligence

2019 - 2019

https://www.linkedin.com/in/nektariosbaziotis/

3/5

8/18/2021

# The University of Sheffield

Master of Business Administration - MBA, Business

2002 - 2004

MBA

Show 1 more education

# Skills & endorsements

# Project Management · 99+

Endorsed by 5 of Nektar's colleagues at Apogee Information Systems

Endorsed by 10 people who know Project Management

# Business Development · 82

Endorsed by George Koutsoupias and 1 other who is highly skilled at this

Endorsed by 2 of Nektar's colleagues at Apogee Information Systems

# Artificial Intelligence (AI) · 19

Monica J. L and 18 connections have given endorsements for this skill

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# Recommendations

Received (4)

Given (3)

# Bryson Ishii

Growth strategy and venture investment.

July 29, 2020, Bryson worked with Nektar but at

Nektar is one of the rare individuals who can blend the disciplines of business, creative thought, and technical needs. He was instrumental in spearheading the successful design, development, and subsequent launch of a digital transformation project in the

https://www.linkedin.com/in/nektariosbaziotis/

4/5

8/18/2021

| different companies | luxury fashion space. Further, he has ... See more |
| --- | --- |
| Dimitris Tolis, MSc, MBA, PMP®, PM2 Senior Trainer of (e)Trainers, Advisor and Executive Coach July 15, 2020, Dimitris worked with Nektar but at different companies | Nectar is a talented and hard-working professional, with a rare combination of passion, resilience and innovative thinking skills. He is able to work successfully and efficiently both at a strategic level and in projects planning and execution! |
| Show more |  |

https://www.linkedin.com/in/nektariosbaziotis/

5/5

**Attachment 9:** `document_9.pdf`

8/18/2021

Silvia Olmedo | LinkedIn

Tap into proven talent. - In-demand talent, on demand. Upwork is how. Ad ...

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# Experience

Televisa
8 yrs 7 mos

Asociate content producer
Apr 2019 - Present · 2 yrs 5 mos
Mexico

TV Condutor and writer of Amordidas
Feb 2013 - Present · 8 yrs 7 mos
America

TV Host and content writer of Amordidas, (Unicable).

# Psychologist

https://www.linkedin.com/in/silviaolmedo/

1/4

8/18/2021

Silvia Olmedo | LinkedIn

TV Host, Content Producer.Author Mis Sentimientos Erróneos
Los Misterios del Amor y el Sexo y
Jan 2011 - Present · 10 yrs 8 mos
Televisa Networks
author

tv conductor content producer - Cuentamelove

Televisa
2007 - 2012 · 5 yrs
Mexico

Top Content producer, magazines, internet pages.

Content producer
May 2005 - 2011 · 6 yrs
Américas
Proporcionamos contenido en psicología sexología, salud,
bienestar personal.
Más de 5 millones de lecturas

www.silviaolmedo.tv

6 yrs

TV Host and content producer for www.silviaolmedo.tv

Jan 2005 - Dec 2008 · 4 yrs
woldwide

1 millón de visitas mensuales- 1 million one million visits a
month

Health Promotion Director

Jan 2003 - Nov 2008 · 5 yrs 11 mos
USA, MEXICO, SPAIN

Director

Development of health promotion programs, Reproductive
Health, Mental Health.

Show 1 more experience

Education

Universidad Autonoma de Madrid

psicología, psychology, A
2001 - 2006

https://www.linkedin.com/in/silviaolmedo/

2/4

8/18/2021

Silvia Olmedo | LinkedIn

# University of New South Wales

Master's degree, Psychology, Health Promotion

2005 - 2006

https://www.linkedin.com/in/silviaolmedo/

3/4

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Expert Dojo, Inc.

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** CA

**Date of Organization:** 01-02-2015

**Physical Address:** Expert DOJO Unit 308, Santa Monica, CA, 90401

**Issuer Website:** http://www.expertdojo.com

**Is there a Co-Issuer?:** No

### Annual Report Disclosure Requirements

**Current Number of Employees:** 6

**Total Assets (Most Recent Fiscal Year):** $363,168.00

**Total Assets (Prior Fiscal Year):** $179,025.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $308,168.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $48,279.00

**Accounts Receivable (Most Recent Fiscal Year):** $55,000.00

**Accounts Receivable (Prior Fiscal Year):** $40,000.00

**Short-Term Debt (Most Recent Fiscal Year):** $51,487.00

**Short-Term Debt (Prior Fiscal Year):** $17,603.00

**Long-Term Debt (Most Recent Fiscal Year):** $619,387.00

**Long-Term Debt (Prior Fiscal Year):** $592,032.00

**Revenues/Sales (Most Recent Fiscal Year):** $661,383.00

**Revenues/Sales (Prior Fiscal Year):** $629,145.00

**Cost of Goods Sold (Most Recent Fiscal Year):** $161,045.00

**Cost of Goods Sold (Prior Fiscal Year):** $44,138.00

**Taxes Paid (Most Recent Fiscal Year):** $0.00

**Taxes Paid (Prior Fiscal Year):** $0.00

**Net Income (Most Recent Fiscal Year):** $-787,097.00

**Net Income (Prior Fiscal Year):** $-268,501.00

### Signatures

**Issuer:** Expert Dojo, Inc.

**Signature:** Brian Mac Mahon

**Title:** Founder & CEO

---

**Signature:** silvia garcia olmedo

**Title:** Board member

**Date:** 03-31-2023

---

**Signature:** Brian Mac Mahon

**Title:** Founder & CEO

**Date:** 03-30-2023