Quarterly report pursuant to Section 13 or 15(d)

Restatement Of June 30, 2016 Financial Information (Tables)

v3.6.0.2
Restatement Of June 30, 2016 Financial Information (Tables)
6 Months Ended
Jun. 30, 2016
Accounting Changes and Error Corrections [Abstract]  
Schedule of Restatement to Prior Year Income of Balance Sheet, Operation Statement and Cash Flows

The following tables summarize the changes.

 

    As Previously              
    Reported     Adjustment     As Restated  
Consolidated Balance Sheets                        
Deferred revenue   $ 493,101     $ (327,401 )   $ 165,700  
                         
Accumulated deficit   $ (3,470,712 )   $ 327,401     $ (3,143,311 )
                         
Consolidated Statement of Operations Three months ended June 30, 2016                        
Revenue   $ 851,688     $ 155,351     $ 1,007,039  
                         
Net loss   $ (1,256,211 )   $ 155,351     $ (1,100,860 )
                         
Net loss per common share, basic and diluted   $ (0.03 )           $ (0.03 )
                         
Six months ended June 30, 2016                        
Revenue   $ 2,067,185     $ 327,401     $ 2,394,586  
                         
Net loss   $ (2,042,906 )   $ 327,401     $ (1,715,505 )
                         
Net loss per common share, basic and diluted   $ (0.05 )   $ 0.01     $ (0.04 )
                         
Consolidated Statement of Cash Flows Six months ended June 30, 2016                        
Net loss   $ (2,042,906 )   $ 327,401     $ (1,715,505 )
                         
Deferred revenue (decrease)   $ (25,139 )   $ (327,401 )   $ (352,540 )