(Total Views: 414)
Posted On: 02/28/2017 11:05:26 AM
Post# of 107
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
(0)
(0)Scroll down for more posts ▼
