Quarterly report pursuant to Section 13 or 15(d)

The Company and Basis of Presentation (Tables)

v3.19.3
The Company and Basis of Presentation (Tables) - SkyScale, LLC
9 Months Ended
Sep. 30, 2019
Schedule of Assets and Liabilities

The assets and liabilities of SkyScale are as follows:

 

 

 

September 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Cash and cash equivalents

 

$

-

 

 

$

47,663

 

Receivables

 

 

-

 

 

 

-

 

Other assets

 

 

-

 

 

 

-

 

Fixed assets

 

 

-

 

 

 

-

 

Total assets

 

$

-

 

 

$

47,663

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

 

-

 

 

$

46,663

 

Accrued expenses

 

 

-

 

 

 

-

 

Notes payable

 

 

-

 

 

 

-

 

Total liabilities

 

 

-

 

 

 

46,663

 

Members' equity

 

 

-

 

 

 

1,000

 

Total liabilities and members' equity

 

 

-

 

 

$

47,663

 

Schedule of Operating Results

Operating results for SkyScale are as follows:

 

 

 

For the Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

Net revenue

 

$

-

 

 

$

139,053

 

Cost of revenue

 

 

-

 

 

 

495,470

 

Gross margin

 

 

-

 

 

 

(356,417

)

Operating expenses:

 

 

 

 

 

 

 

 

General and administrative

 

 

-

 

 

 

290,114

 

Marketing and selling

 

 

-

 

 

 

105,965

 

Total operating expenses

 

 

-

 

 

 

396,079

 

Loss from operations

 

 

-

 

 

 

(752,496

)

Other (expense) income

 

 

-

 

 

 

14,402

 

Net loss

 

$

-

 

 

$

(738,094

)