Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies and Use of Estimates (Tables)

v3.19.1
Summary of Significant Accounting Policies and Use of Estimates (Tables)
12 Months Ended
Dec. 31, 2018
Summary Of Significant Accounting Policies And Use Of Estimates  
Discontinued operations
    For the Year Ended
    December 31,   December 31,
    2018   2017
         
Revenues   $ —       $ 933  
Cost of sales     —         280  
Gross profit     —         653  
                 
                 
Operating expenses:                
Research and development     —         993,934  
Occupancy     —         83,808  
Depreciation and amortization     —         12,607  
Officer compensation     —         480,412  
Professional fees     —         1,563  
Other operating expenses     —         24,286  
Total operating expenses     —         1,596,610  
                 
Loss from operations     —         (1,595,957 )
                 
Other income (expense):                
Gain on disposal of Timefire, LLC     670,428       —    
Interest income     —         2  
Interest expense     (180 )     (32,024 )
Total other income (expense)     670,248       (32,022 )
                 
Income (loss) from discontinued operations   $ 670,248     $ (1,627,979 )