| Discontinued operations |
| TIMEFIREVR INC. |
| STATEMENTS OF OPERATIONS |
| (Unaudited) |
| |
|
|
|
|
|
|
| |
|
Three Months Ended |
|
Six Months Ended |
| |
|
June 30, |
|
June 30, |
|
June 30, |
|
June 30, |
| |
|
2018 |
|
2017 |
|
2018 |
|
2017 |
| |
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
— |
|
|
$ |
488 |
|
|
$ |
— |
|
|
$ |
488 |
|
| Cost of sales |
|
|
— |
|
|
|
146 |
|
|
|
— |
|
|
|
146 |
|
| Gross profit |
|
|
— |
|
|
|
342 |
|
|
|
— |
|
|
|
342 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
— |
|
|
|
344,001 |
|
|
|
— |
|
|
|
792,892 |
|
| Occupancy |
|
|
— |
|
|
|
20,135 |
|
|
|
— |
|
|
|
43,342 |
|
| Depreciation and amortization |
|
|
— |
|
|
|
3,151 |
|
|
|
— |
|
|
|
6,303 |
|
| Officer compensation |
|
|
— |
|
|
|
108,864 |
|
|
|
— |
|
|
|
321,720 |
|
| Professional fees |
|
|
— |
|
|
|
1,062 |
|
|
|
— |
|
|
|
1,562 |
|
| Other operating expenses |
|
|
— |
|
|
|
2,829 |
|
|
|
— |
|
|
|
23,000 |
|
| Total operating expenses |
|
|
— |
|
|
|
480,042 |
|
|
|
— |
|
|
|
1,188,819 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from operations |
|
|
— |
|
|
|
(479,700 |
) |
|
|
— |
|
|
|
(1,188,477 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gain on disposal of Timefire, LLC |
|
|
— |
|
|
|
— |
|
|
|
670,428 |
|
|
|
— |
|
| Interest income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
| Interest expense |
|
|
— |
|
|
|
(12,130 |
) |
|
|
(180 |
) |
|
|
(15,578 |
) |
| Total other income (expense) |
|
|
— |
|
|
|
(12,130 |
) |
|
|
670,248 |
|
|
|
(15,576 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) from discontinued operations |
|
$ |
— |
|
|
$ |
(491,830 |
) |
|
$ |
670,248 |
|
|
$ |
(1,204,053 |
) |
|