California based Appsules LLC today introduces Elapsed 1.0, their first product for iPhone and iPod touch. Elapsed is a free timer application that allows tracking of multiple timers simultaneously. Frequently used timers can be saved for easy reuse. Elapsed uniquely allows modification of running timers, thereby making it ideal for dealing with unexpected changes. Possible uses include metered parking, baking, grilling, doing laundry, exercising and any other tasks busy people need to monitor.