(Total Views: 438)
Posted On: 02/28/2017 11:05:26 AM
Post# of 108
The Company wrongfully states its par value of shares $.35 after reverse split taking effect. the company is restating its financial statements to account for its shares with par value of $0.001.
The following summarizes the effect of the restatement
On December 31, 2014
................................Previously reported...................Adjustment......................Restated
Common Stock.............$ 614,806..........................$ (613,110).......................$ 1,759
Additional Paid in
Capital.......................$ 5,825,806.........................$ 613,110 .......................$6,438,116
The following summarizes the effect of the restatement
On December 31, 2014
................................Previously reported...................Adjustment......................Restated
Common Stock.............$ 614,806..........................$ (613,110).......................$ 1,759
Additional Paid in
Capital.......................$ 5,825,806.........................$ 613,110 .......................$6,438,116
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