Are you getting fuel? Did you squirt a little fuel in the cylinder to see if it would ignite and pop or give any sign of life?
If you got spark then you got spark. Whether it's out of time is another issue so you should check that incase someone has been messing around and never got it to work after they rebuilt it maybe? Check the screws and bolts to see if they were tampered with. You can see if a bike has been taken apart or not by checking the edges of the hardware as you look at the engine.
Last thing you might want to check the compression. Does it feel like it has any?
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