| Discontinued operations |
| TIMEFIREVR INC. |
| STATEMENTS OF OPERATIONS |
| (Unaudited) |
| |
|
|
|
|
|
|
| |
|
Three Months Ended |
|
Nine Months Ended |
| |
|
September 30, |
|
September 30, |
|
September 30, |
|
September 30, |
| |
|
2018 |
|
2017 |
|
2018 |
|
2017 |
| |
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
— |
|
|
$ |
340 |
|
|
$ |
— |
|
|
$ |
828 |
|
| Cost of sales |
|
|
— |
|
|
|
102 |
|
|
|
— |
|
|
|
248 |
|
| Gross profit |
|
|
— |
|
|
|
238 |
|
|
|
— |
|
|
|
580 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
— |
|
|
|
110,125 |
|
|
|
— |
|
|
|
903,017 |
|
| Occupancy |
|
|
— |
|
|
|
20,507 |
|
|
|
— |
|
|
|
63,849 |
|
| Depreciation and amortization |
|
|
— |
|
|
|
3,152 |
|
|
|
— |
|
|
|
9,455 |
|
| Officer compensation |
|
|
— |
|
|
|
108,864 |
|
|
|
— |
|
|
|
430,586 |
|
| Professional fees |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,562 |
|
| Other operating expenses |
|
|
— |
|
|
|
957 |
|
|
|
— |
|
|
|
23,955 |
|
| Total operating expenses |
|
|
— |
|
|
|
243,605 |
|
|
|
— |
|
|
|
1,432,424 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from operations |
|
|
— |
|
|
|
(243,367 |
) |
|
|
— |
|
|
|
(1,431,844 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other income (expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gain on disposal of Timefire, LLC |
|
|
— |
|
|
|
— |
|
|
|
670,428 |
|
|
|
— |
|
| Interest income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
| Interest expense |
|
|
— |
|
|
|
(10,575 |
) |
|
|
(180 |
) |
|
|
(26,153 |
) |
| Total other income (expense) |
|
|
— |
|
|
|
(10,575 |
) |
|
|
670,248 |
|
|
|
(26,151 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) from discontinued operations |
|
$ |
— |
|
|
$ |
(253,942 |
) |
|
$ |
670,248 |
|
|
$ |
(1,457,995 |
) |
|