Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview

Tyme is an order ahead platform that customizes the local world around you to your likes and preferences. With Tyme, look at your customized menu (powered by our AI engine ‘Emily’), place your order, and pick up or eat in at a wide variety of local restaurants around you.

We want to enable physical merchants to win against e-commerce while becoming the natural go-to transaction vehicle for consumers. By decreasing reliance on online shopping and the environmental impact of e-commerce, we can help local communities thrive by bringing back local shopping.

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Milestones

Tyme Commerce, Inc. was incorporated in the State of Delaware in December 2017.

Since then, we have:

• We strive to become the Amazon.com of Brick & Mortar Commerce (a leader in Payments and Loyalty)
• Though not necessarily a predictor of the success of Tyme, the founders previously grew a POS business by $55 million+ in ARR in three years
• We are building an advanced Omnichannel architecture with crypto-tokenization of loyalty to streamline loyalty across brick & mortar merchants
• The founders have a strong understanding of the commerce industry and can effectively leverage partnerships across the Omnichannel spectrum to drive penetration in SMBs and Enterprises quickly
• Based on survey results, 56% of merchants know they need better technology to refocus on the customer experience.
• We filed a comprehensive patent application to protect some aspects of our technology platform, and we plan to file additional applications over time for defensive purposes.
• Patent filed for proprietary Tyme Cubbies (which work with the Tyme platform to keep your food hot or cold and then open when you approach your pickup spot).
• Have created unique curbside pickup and in-store pickup technology to let merchants know when customers will be there to pickup, ensuring the highest quality food and the best customer experience.

Historical Results of Operations

Our company was organized in December 2017 and has limited operations upon which prospective investors may base an evaluation of its performance.

• Revenues & Gross Margin. For the period ended December 31, 2019, the Company had revenues of $182,114.97 compared to the year ended December 31, 2018, when the Company had revenues of $0. Our gross margin was 96.91% in fiscal year 2019, compared to 0% in 2018.
• Assets. As of December 31, 2019, the Company had total assets of $63,509.95, including $19,213 in cash. As of December 31, 2018, the Company had $0 in total assets, including $0 in cash.
• Net Loss. The Company has had net losses of $32,064.51 and net income of $0 for the fiscal years ended December 31, 2019 and December 31, 2018, respectively.
• Liabilities. The Company's liabilities totaled $0 for the fiscal year ended December 31, 2019 and $0 for the fiscal year ended December 31, 2018.

Liquidity & Capital Resources

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 6 months before we need to raise further capital.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 6 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

Runway & Short/Mid Term Expenses

Tyme Commerce, Inc. cash in hand is $19,213, as of June 2020. Over the last three months, revenues have averaged $800/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $600/month, for an average net margin of $200 per month. Our intent is to be profitable in 22 months.

Pre-COVID, revenue was scaling up, and we reached about $32,000/month.  Our customer base is largely based on physical businesses (e.g., restaurants, corporate offices ordering snacks for employees, etc.), and consequently our revenue was heavily impacted by business shutdowns.  

We anticipate that once physical businesses reopen, our revenue will recover (and that is what our customers have told us), but it is unclear how close we will come to our pre-COVID revenue.  

We continue to inject cash into the business ourselves (e.g., paying bills for the company, etc.).