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The significant assumptions used in certain valuations associated with the MoviePass Transaction include discount rates ranging from 10.0% to 51.0%. This basis of accounting contemplates the recovery of the Company’s assets and the satisfaction of liabilities in the normal course of business. Rent expense for the three months ended March 31, 2018 and 2017 was approximately $213,345 and $47,800, respectively. The Company maintains relationships with several payment processing vendors. On August 2, 2018, a lawsuit was filed against Helios and Matheson Analytics Inc. over alleged securities laws violations. Upon issuance, the Investor Warrant was recorded at fair value and accounted for as an original issuance discount to the August 2017 Notes. The Purchase Agreement contains customary representations, warranties, covenants, and indemnification provisions. Of that amount, 666,667 of the Conversion Shares are subject to forfeiture by MoviePass, in the Company’s sole discretion, as MoviePass failed to list its common stock on the Nasdaq Stock Market by March 31, 2018 (as required by the securities purchase agreement between the Company and MoviePass).

MoviePass has experienced service costs over and above subscription revenue in the fulfillment of subscription services mainly for ticketing and related service fees. Through the first nine months of 2017, the Company received $5,000,000 of cash payments for the February 2017 Notes, resulting in the issuance of February Placement Agent Warrants for the purchase of 133,334 shares of common stock at an exercise price of $3.00 per share. Disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our Principal Executive Officer and Principal Financial Officer, to allow timely decisions regarding required disclosures. For convenience, the term is used to refer to either earnings or loss per share. Actual results could differ from those estimates.The Company has experienced net losses and significant cash outflows from cash used in operating activities over the past years. Additionally, the Company observed royalty rates related to MoviePass’s technology assets acquired ranging from 0.0% to 50.0%, and used a 1.0% royalty rate in determining the fair value of the acquired technology. As of March 31, 2018 the Placement Agent has not elected to exercise any February Placement Agent Warrants. As of March 31, 2018, the Company did not record any tax liabilities for uncertain income tax positions and concluded that all of its tax positions are either certain or are not material to the Company’s financial statements. 8,484,133 (“Secure targeted personal buying/selling method and system”) and 8,612,325 (“Automatic authentication and funding method”) by Sinemia’s movie-ticket subscription service. _____ COMPLAINT FOR VIOLATIONS OF THE FEDERAL SECURITIES LAWS JURY TRIAL DEMANDED _____ … We filed with the SEC, and the SEC declared effective, a universal shelf registration statement of up to $400.0 million worth of registered equity securities, of which we utilized approximately $105.0 million and $30.3 million in offerings in February and April of 2018, respectively. Projected future cash flows are based on management’s knowledge of the current operating environment and expectations for the future. Some, but not all, of these risks include, among other things:The following table summarizes the weighted-average assumptions used to compute the fair value of options granted to employees:Also according to the NRG report, MoviePass subscribers are twice as likely to attend movies on opening weekend; MoviePass subscribers saw an average of 6 more movies in the past 6 months than non-subscribers; and MoviePass subscribers are 38% more likely to decide what to see after arriving at the theater, which we believe means that MoviePass continues to have the ability to drive its subscribers to particular movie titles over others, and is important to continuing to establish MoviePass as a marketing platform for independent distributors and studios.The Company generally recognizes stock compensation expense on the grant date and over the period of vesting or period that services will be provided. EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Helios and Matheson Analytics Inc. – HMNY. Fair value is based on current market values or discounted future cash flows. The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern. Once the valuation process is finalized for the MoviePass Transaction, there could be changes to the reported values of the assets acquired and liabilities assumed, including goodwill, intangible assets and deferred revenue and those changes could differ materially from what is presented above.The Company does not intend to update forward-looking statements.