Quarterly report pursuant to Section 13 or 15(d)

Gain on Disposal of Timefire LLC (Tables)

v3.19.1
Gain on Disposal of Timefire LLC (Tables)
3 Months Ended
Mar. 31, 2019
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 advance - 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