EXHIBIT “1”

APPLICANT’S FINANCIALS FOR ITS FISCAL YEAR ENDED JUNE 30, 2018 AND QUARTER ENDED MARCH 31, 2019

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

WATERSIDE CAPITAL CORPORATION

BALANCE SHEETS

As of March 31, 2019 (Unaudited) and June 30, 2018

	March 31, 2019			June 30, 2018
ASSETS
Cash	$	13,509		$	4,624
TOTAL ASSETS	$	13,509		$	4,624
LIABILITIES & EQUITY
Liabilities
Current Liabilitites
Accounts Payable	$	2,845		$	6,595
Convertible Note Payable - Roran, net of debt discount		154,338			63,055
Accrued Interest Payable		182,335			163,261
Judgment Payable		10,427,300			10,427,300
Total Current Liabilities		10,766,818			10,660,211
Total Liabilities		10,766,818			10,660,211
Equity
Common Stock par value $1.00, 10,000,000 shared authorized, 1,915,548 shares issued and outstanding		1,915,548			1,915,548
Additional Paid-In Capital		15,576,480			15,539,813
Accumulated Deficit		(28,245,337	)		(28,110,948	)
Total Equity		(10,753,309	)		(10,655,587	)
TOTAL LIABILITIES & EQUITY	$	13,509		$	4,624

WATERSIDE CAPITAL CORPORATION

STATEMENTS OF OPERATIONS

For the Three and Nine Months Ended March 31, 2019 and 2018

(Unaudited)

	Three Month Periods Ended						Nine Month Periods Ended
	March 31,						March 31,
	2019			2018			2019			2018
Expense
Administrative Expenses		12,265			25,842			42,365			69,593
Interest Expense		42,447			9,516			92,024			14,164
Total Expense		54,712			35,358			134,389			83,757
Net Loss	$	(54,712	)	$	(35,358	)	$	(134,389	)	$	(83,757	)
Weighted Average Number of Common Shares Outstanding- Basic and Diluted		1,915,548			1,915,548			1,915,548			1,915,548
Net Loss Per Share- Basic and Diluted	$	(0.03	)	$	(0.02	)	$	(0.07	)	$	(0.04	)

WATERSIDE CAPITAL CORPORATION

STATEMENTS OF STOCKHOLDERS’ EQUITY

For the Nine Months Ended March 31, 2019 and 2018 (Unaudited)

	Common Stock
	($1 Par Value)				Additional
			Par		Paid-in		Accumulated
	Shares		Value		Capital		Deficit			Total
6/30/2017 Balance		1,915,548	$	1,915,548	$	15,479,680	$	(27,970,097	)	$	(10,574,869	)
Beneficial conversion feature		-		-		43,466		-		$	43,466
Net loss for the period		-		-		-		(83,757	)		(83,757	)
3/31/2018 Balance		1,915,548	$	1,915,548	$	15,523,146	$	(28,053,854	)	$	(10,615,160	)

	Common Stock
	($1 Par Value)				Additional
			Par		Paid-in		Accumulated
	Shares		Value		Capital		Deficit			Total
7/1/2018 Balance		1,915,548	$	1,915,548	$	15,539,813	$	(28,110,948	)	$	(10,655,587.00	)
Beneficial conversion feature		-		-		36,667		-			36,667
Net Loss for the period		-		-		-		(134,389	)		(134,389	)
3/31/2019 Balance		1,915,548	$	1,915,548	$	15,576,480	$	(28,245,337	)	$	(10,753,309	)

WATERSIDE CAPITAL CORPORATION

STATEMENTS OF CASH FLOWS

For the Nine Months Ended March 31, 2019 and 2018

(Unaudited)

	Nine Month Periods Ended
	March 31,
	2019			2018
OPERATING ACTIVITIES
Net Loss	$	(134,389	)	$	(83,757	)
Adjustments to reconcile Net Loss to net cash used in operations
Amortization of interest		72,950			11,250
Changes in assets and liabilities
Acounts Payable		(3,750	)		2,845
Accrued Interest Payable		19,074			2,914
Net cash used by Operating Activities		(46,115	)		(66,748	)
FINANCING ACTIVITIES
Proceeds from note payable from Roran Capital		55,000			74,338
Net cash provided by Financing Activities		55,000			74,338
Net cash increase for period		8,885			7,590
Cash at beginning of period		4,624			-
Cash at end of period	$	13,509		$	7,590
Supplemental Non-Cash Investing and Financing Activities
Intrinsic value of embedded beneficial conversion feature on convertible note payable	$	36,667		$	43,464