(2)

Recent Accounting Pronouncements

WithThe Financial Accounting Standards Board issued a new accounting standard on accounting for leases which went into effect at the exceptionend of the potential for2018.  We have not entered into any lease arrangements and therefore this new accounting treatment accorded to discontinued operations, therestandard has no effect on our financial statements.

There are no other new accounting pronouncements for which adoption is expected to have a material effect on our financial statements in future accounting periods.

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(3)

Basic and Diluted Income (Loss) Per Share

The Company calculates basic and diluted income (loss) per share as required by the FASB Accounting Standards Codification. Basic income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares and dilutive common stock equivalents outstanding. During periods when we report a net loss, anti-dilutive common stock equivalents are not considered in the computation.  We did not have any dilutive common stock equivalents during any of the three or nine monththree-month periods ended September 30, 2015March 31, 2019 and 2014.2018.

(4)

Spare Parts and Supplies

Spare parts and supplies include engine parts, tires, and other supplies used in the racecar operations and are recorded at the lower of cost or market, on a first-in, first-out basis.

(5)

Property and Equipment

Property and equipment are recorded at cost and are depreciated using the straight-line method over the estimated useful lives of the respective assets, ranging from 3 to 10 years.  Major additions are capitalized, while minor additions and maintenance and repairs, which do not extend the useful life of an asset, are expensed as incurred.  Depreciation expense approximated $40,000 and $68,000 during the respective nine month periods ended September 30, 2015 and 2014, and $13,500 and $23,000 during the respective three month periods ended September 30, 2015 and 2014.

 (6)

Stockholders’ Deficit

In December 2014, we agreed to grant 10,000,000 shares of our stock to the brother in law of our President and CEO as consideration for his assistance with the development of a new business opportunity (see Basis of Presentation and Going Concern above). The shares were issued in January 2015.   

(7)

Sale of Race Car

In January 2015 we sold a race car for approximately $106,700 and used substantially all of the proceeds to satisfy approximately $100,000 of indebtedness related to such race car.

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ITEM 2.Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.Operations

Trends and Uncertainties.  WeThere are no other known trends, events or uncertainties that have, suffered declining revenues and recurring lossesor are reasonably likely to have, a material impact on our short term or long-term liquidity.  Sources of liquidity will come from operations, and have stockholder and working capital deficits, as well as minimal cash, at September 30, 2015.     Because of this, and because we do not anticipate being able to reverse the downward trend with respect to revenues, we filed a proxy statement with the SEC to put forward shareholder votes to (i) allow our President and CEO to acquire substantially allsales of our assets, and assume substantially allservices.  There are no material commitments for capital expenditure currently.  There are no trends, events or uncertainties that have had or are reasonably expected to have a material impact on the net sales or revenues or income from continuing operations There are no other known causes for any material changes from period to period in one or more-line items of our liabilities in exchange for a note receivable of $200,000 and (ii) to changefinancial statements.

Our common stock is traded on the name of our company to 24/7 Kid Doc, Inc.    In connection therewith, on November 9, 2015, our shareholders voted to approve both of these proposals, and we anticipate that such transaction will be consummated prior to December 31, 2015.   Notwithstanding such transaction, and assuming we meetOTC QB market under the criteria for extinguishment of our liabilities in accordance with GAAP (for which there can be no assurance), we could remain contingently liable for any liabilities existing as of the date of the transaction that are not satisfied by the acquirer.  trading symbol TVMD.

Pursuant to a consulting agreement we entered with Dr. Norberto Benitez in January 2015, he will be providing his expertise in establishing our new business plan. The new business plan is to create a franchise that will deliver pediatric  services to children 24 hours a day, 7 days a week.  In addition, we will be looking to provide these same services via the Internet to people throughout the world, especially in places where it is difficult to have available pediatric doctors.  Subsequent to the consummation of  the sale, we will no longer draw any revenues from the racing operations nor will we provide any capital to support its operations.  While we do not anticipate having significant cash outlays until we implement our business plan, there can be no assurance that such model will result in profitable operations, and/or that we will be able to obtain the debt or equity financing necessary to pay our expenses.  Either of these factors could result in us having difficulty continuing as a going concern.    The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities should we be unable to continue as a going concern.  

Capital Resources and Source of Liquidity.  

For the three months ended March 31, 2019, we had a net loss of $73,773.  We had the following adjustments to reconcile net loss to net cash used in operating activities.  We recorded depreciation adjustments of $72 and had interest added to notes payable of $6,414.  We had a decrease in cash in attorney’s trust account of $11,834 and a decrease in accounts payable and accrued expenses of $6,637.  We had net cash used in operating activities of $172,949$62,090 for the ninethree months ended September 30, 2015.  March 31, 2019.

For the three months ended March 31, 2018, we had a net loss of $4,535.  We had the following adjustments to reconcile net loss to net cash used in operating activities.  We recorded depreciation adjustments of $72 and had interest added to shareholder loans of $374.  As a result, we had net cash used in operating activities of $295,808$4,089 for the ninethree months ended September 30, 2014.March 31, 2018.

For the ninethree months ended September 30, 2015,March 31, 2019, we received $125,008 as proceeds from notes payable.  We received $19,443 as proceeds from a shareholder advance.  We spent $5,807 for the purchase of $106,700 fromtreasury stock.  As a result, we had net cash provided by financing activities of $138,644 for the disposal of a race car heldthree months ended March 31, 2019.  We did not pursue any financing activities for sale.   the three months ended March 31, 2018.

We did not pursue any investing activities duringfor the ninethree months ended September 30, 2014.March 31, 2019 and 2018.

For the nine months ended September 30, 2015,While we repaid debt primarily relatedbelieve that our cash on hand will be sufficient to the race carconduct operations through December 31, 2019, we recognize that we sold,our ability to continue as a going concern is dependent on our ability to generate profitable operations and stockholder advances, of approximately $100,000 and $10,000, respectively.   Comparatively, for the nine months ended September 30, 2014, we repaid long-term debt of $20,761.

Because we have minimal cash and a significant working capital deficit at September 30, 2015, we anticipateno assurance can be given that we will needbe able to generate additional capital (either through positive results of operations or debt or equity infusions) to meet our obligations for the next year.accomplish such endeavor.   

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Results of Operations – Three Months Ended September 30, 2015March 31, 2019 and 20142018

For the three months ended September 30, 2015March 31, 2019, we had sales of $390,591.  Our cost of sales and services was $246,125, resulting in a gross profit of $144,466.did not record any revenues.  We incurredspent $67,359 on general and administrative expenses of $267,103.expenses.  We recognized interest income of $1 and incurredhad interest expenses of $3,370.$6,414.  As a result, we had a net loss of $126,006$73,773 for the three months ended September 30, 2015.March 31, 2019.

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Comparatively,For the three months ended March 31, 2018, we did not record any revenues.  We spent $5,565 on general and administrative expenses.  We had other income of $1,404 and spent $374 on interest expenses.  As a result, we had a net loss of $4,535 for the three months ended September 30, 2014, we had sales of $622,655.  Our cost of sales and services was $297,831, resultingMarch 31, 2018.

The $69,238, or 93.9% increase in a gross profit of $324,824.  We incurred $313,693 in general and administrative expenses.  We recognized interest income of $13, other income of $411 and incurred interest expenses of $3,047.  As a result, we had net income of $8,508loss for the three months ended September 30, 2014.

The decline in operating results for the three months ended September 30, 2015March 31, 2019 compared to the three months ended September 30, 2014March 31, 2018 is primarily resulted from a significant decreasedue to the increase in sales which decreased primarily from the declining popularity of NASCAR, and also because of the loss of the Dale Jarrett name which occurred in early 2015. In addition, certain new competitors were offering their services at significantly discounted prices through such sites as Groupon and Living Social.

Results of Operations – Nine Months Ended September 30, 2015 and 2014

For the nine months ended September 30, 2015, we had sales of $1,150,192.  Our cost of sales and services was $585,874, resulting in a gross profit of $564,318.  We incurred general and administrative expenses of $796,822.  We recognized interest income of $35, other income of $411 and incurred interest expense of $10,401 and incurred a loss onduring the disposal of property of $5,600.  As a result, we had net loss of $248,470 for the ninethree months ended September 30, 2015.March 31, 2019.  Our expenses during this period were primarily expenses involved in general operating expenses and expenses involved in developing the Telemedicine business.

Comparatively, for the nine months ended September 30, 2014, we had sales of $1,897,044.  Our cost of sales was $908,966, resulting in a gross profit of $988,048.  We incurred general and administrative expenses of $938,571.  We recognized interest income of $702 and incurred interest expenses of $12,631.  As a result, we had net income of $37,959 for the nine months ended September 30, 2014.

The decline in operating results for the nine months ended September 30, 2015 compared to the nine months ended September 30, 2014 primarily resulted from a significant decrease in sales which decreased primarily from the declining popularity of NASCAR, because of the loss of the Dale Jarrett name as mentioned above, and because certain new competitors were offering their services at significantly discounted prices through such sites as Groupon and Living Social.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk

Not applicable for smaller reporting companies.

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Item 4.  Controls and Procedures

During the periodsquarters ended September 30, 2015March 31, 2019 and December 31, 20142018 we concluded that our internal control over financial reporting was not effective to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with U.S. generally accepted accounting principles as our small size does not allow us to provide for the desired segregation of control functions, and/or allow us to hire accounting personnel that have a thorough understanding of SEC rules and regulations and such accounting principles.   Furthermore, we do not have an audit committee with an independent financial expert.  Finally, we had a material weakness during such quarters with regard to limitations in the capacity of our accounting resources to identify and react in a timely manner to certain transactions as well as the adequate understanding of the disclosure requirements related to these transactions.   

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, we conducted an evaluation of disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended, as of June 30, 2015.March 31, 2019.   Based on this evaluation, our chief executive officer and principal financial officers have concluded there was no change in the Company's internal control over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) during the current quarter that materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting

Remediation of Material Weaknesses in Internal Control over Financial Reporting

We have not established adequate financial reporting monitoring activities to mitigate the risk of missed financial statement adjustments and disclosures relative to transactions that are other than routine for the reasons mentioned above.  In addition, and unless results of operations improve considerably, we do not currently anticipate that we will have the available cash flow to remediate this weakness.

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PART II - OTHER INFORMATION

Item 1.   Legal Proceedings

None

Item 1A.  Risk Factors  

Not applicable for smaller reporting companies

Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds

None

Item 3.   Defaults Upon Senior Securities.

None

Item 4.   Mine Safety Disclosures

Not Applicable

Item 5.   Other Information

Ronda Robertson resigned as Chief Operating Officer and Glenn Jarrett resigned form the Board of Directors and as Corporate Treasurer effective August 6, 2015.

Item 5.   Other Information

None

Item 6.   Exhibits

Exhibit 31* - Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

Exhibit 32* - Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS**   XBRL Instance Document

101.SCH**   XBRL Taxonomy Extension Schema Document

101.CAL**   XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF**   XBRL Taxonomy Extension Definition Linkbase Document

101.LAB**   XBRL Taxonomy Extension Label Linkbase Document

101.PRE**   XBRL Taxonomy Extension Presentation Linkbase Document

*  Filed herewith

**XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

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SIGNATURES

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated: November 20, 2015May 14, 2019

DALE JARRETT RACING ADVENTURE,24/7 KID DOC, INC.

By:

/s/Timothy B. Shannon

Timothy B. Shannon

Chief Executive Officer

PrincipalChief Financial Officer

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