EXHIBIT “1”

APPLICANT’S FINANCIALS FOR ITS FISCAL YEAR ENDED 30 JUNE 201 8

WATERSIDE CAPITAL CORPORATION

Balance Sheets

June 30, 2018 and 2017

	2018			2017
ASSETS
Cash	$	4,624		$	-
TOTAL ASSETS	$	4,624		$	-
LIABILITIES & STOCKHOLDERS DEFICIT
Liabilities
Current Liabilities
Accounts Payable	$	6,595		$	-
Convertible Note Payable – Roran, net of debt discount		63,055			-
Accrued Interest Payable		163,261			147,569
Judgment Payable		10,427,300			10,427,300
Total Current Liabilities		10,660,211			10,574,869
Total Liabilities		10,660,211			10,574,869
Equity
Common Stock par value $1.00, 10,000,000 shares authorized, 1,915,548 shares issued and outstanding		1,915,548			1,915,548
Additional Paid-In Capital		15,539,813			15,479,680
Accumulated deficit		(28,110,948	)		(27,970,097	)
Total Stockholders’ Deficit		(10,655,587	)		(10,574,869	)
TOTAL LIABILITIES & STOCKHOLDERS’ DEFICIT	$	4,624		$	-

WATERSIDE CAPITAL CORPORATION

Statements of Operations

For the years ended June 30, 2018 and 2017

	2018			2017
Income
Interest – Other	$	—		$	192
Total Income		—			192
Expenses
Realized and Unrealized Loss on Investments		—			100,425
Administrative Expenses		101,309			273,688
Interest Expense		39,542			—
Total Expenses		140,851			374,113
Net Loss	$	(140,851	)	$	(373,921	)
Weighted Average Number of Common Shares Outstanding – Basic and Diluted		1,915,548			1,915,548
Net Loss Per Share	$	(0.07	)	$	(0.20	)

WATERSIDE CAPITAL CORPORATION

Statements of Stockholders’ Deficit

For the years ended June 30, 2018 and 2017

		Common Stock
		($1 Par Value)				Additional
				Par		Paid-In		Accumulated
		Shares		Value		Capital		Deficit			Total
7/01/2016	Balance	1,915,548		1,915,548		15,479,680		(27,596,176		)	(10,200,948		)
	Net Loss for the year	—		—		—		(373,921		)	373,921
7/01/2017	Balance		1,915,548		1,915,548		15,479,680		(27,970,097	)		(10,574,869	)
	Beneficial Conversion Feature		—		—		60,133		—			60,133
	Net Loss for the year		—		—		—		(140,851	)		(140,851	)
6/30/2018	Balance	$	1,915,548		1,915,548		15,539,813		(28,110,948	)		(10,655,587	)

WATERSIDE CAPITAL CORPORATION

Statements of Cash Flows

For the years ended June 30, 2018 and 2017

	2018			2017
Cash flows from operating activities:
Net loss	$	(140,851	)	$	(373,921	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of interest		23,850
Loss on investments and other assets					104,000
Depreciation and amortization expense		—			438
Changes in assets and liabilities
Accounts payable		6,595			—
Accrued interest payable		15,692			—
Net cash used in operating activities		(94,714	)		(269,483	)
Cash flows from investing activities:
Proceeds from sale/settlement of investments		—			85,000
Net cash provided by investing activities		—			85,000
Cash flows from financing activities:
Payments on SBA judgment		—			(274,002	)
Roran Capital: Loan from Roran		24,338			—
Roran Capital: Note from Roran		75,000			—
Net cash provided by (used in) financing activities		99,338			(274,002	)
Net increase (decrease) in cash		4,624			(458,485	)
Cash, beginning of year		—			458,485
Cash, end of year	$	4,624		$	—
Supplemental disclosure of non-cash investing activity
Transfer of note receivable to SBA to settle part of accrued interest	$	—		$	75,000