Annual report pursuant to Section 13 and 15(d)

Gain on Disposal of Timefire LLC (Tables)

v3.19.1
Gain on Disposal of Timefire LLC (Tables)
12 Months Ended
Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Gain on disposal of Timefire LLC included in income from discontinued operations
Assets sold:    
Cash     (505 )
Property & equipment, net     (26,128 )
Accounts receivable     (38 )
Deposit     (33,500 )
      (60,171 )
         
Liabilities relieved:        
Accounts payable & accrued expenses     204,809  
Demand obligation payable - related party     116,883  
Convertible notes payable     100,000  
Accrued interest     31,507  
Short-term advice - related party     57,400  
      510,599  
         
Additional consideration:        
Note receivable     120,000  
Cash     100,000  
      220,000  
         
Gain on disposal of Timefire, LLC     670,428