DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2016

Discontinued Operations Tables

Discontinued operations

As a result of the disposal of the business and the discontinuance of the eCigarette operations, the following chart reflects the results of the condensed consolidated financial statements as loss from discontinued operations as of June 30, 2016:

WHITE FOX VENTURES, INC.

(FORMERLY BREATHE ECIG CORP.)

CONSOLIDATED STATEMENTS OF DISCOUNTED OPERATIONS

FOR THE THREE AND  SIX MONTHS ENDED JUNE 30, 2016 AND 2015

(UNAUDITED)

	SIX MONTHS ENDED						THREE MONTHS ENDED
	JUNE 30,						JUNE 30,
	2016			2015			2016			2015
REVENUE	$	19		$	6,000		$	-		$	6,000
COST OF GOODS SOLD		1,851			7,057			-			7,057
GROSS LOSS		(1,832	)		(1,057	)		-			(1,057	)
OPERATING EXPENSES
Research and development		-			2,178			-			1,648
Marketing, advertising and promotion		9,000			438,233			3,000			424,458
Rent		7,122			1,187			3,561			1,187
Salaries and related expenses, including stock-based compensation		10,911			114,150			-			97,649
Professional fees		-			1,155,236			-			323,712
Depreciation and amortization		-			12,449			-			9,195
General and administrative		1,631			167,076			-			144,504
Total operating expenses		28,664			1,890,509			6,561			1,002,353
OTHER (INCOME) EXPENSE
Loss from Inventory valuation LCM		(224	)		-			-			-
Total other (income) expense		(224	)		-			-			-
Net loss before provision for income taxes		(30,272	)		(1,891,566	)		(6,561	)		(1,003,410	)
Provision for income taxes		-			-						-
Net loss	$	(30,272	)	$	(1,891,566	)	$	(6,561	)	$	(1,003,410	)

WHITE FOX VENTURES, INC.

(FORMERLY BREATHE ECIG CORP.)

BALANCE SHEET FROM DISCONTINUED OPERATIONS

	June 30, 2016		December 31, 2015
Assets of discontinued operations	$	113,843		114,067
Liabilities of discontinued operations	$	250,443		232,771