Zerify Inc (ZRFY)

[WBCTrader]

SFOR latest fins

We have yet to establish any history of profitable operations. For the year ended December 31, 2017, we incurred a loss from operations of $2,393,703 and at December 31, 2017, we had a stockholders’ deficit of $10,793,186.

At December 31, 2017, we had cash on hand in the amount of $455,484. Management estimates that the current funds on hand will be sufficient to continue operations approximately through the next three months.

Management is currently seeking additional funds, primarily through the issuance of debt and equity securities for cash

Even if we are able to obtain additional financing, it may contain undue restrictions on our operations, in the case of debt financing or cause substantial dilution for our stock holders, in the case of equity financing.

Revenues for the year ended December 31, 2017 were $274,137 compared to $384,289 for the year ended December 31, 2016, a decrease of $110,152 or 28.7%.

Cost of revenues for the year ended December 31, 2017 was $12,504 compared to $6,363 for the year ended December 31, 2016, an increase of $6,141, or 96.5%

Gross profit for the year ended December 31, 2017 was $261,633 compared to $377,926 for the year ended December 31, 2016, a decrease of $116,293, or 30.8%.