SCHEDULE OF CORRECTION OF ERRORS AND RESTATEMENTS |
December 31, 2011 Financial Statements |
|
Line Item |
|
Corrected |
|
Previously Stated |
Balance Sheet |
|
Notes payable, current portion |
|
|
2,091,827 |
|
|
|
1,835,240 |
|
Balance Sheet |
|
Notes payable, net of debt discount, net of current portion |
|
|
19,713,819 |
|
|
|
20,035,366 |
|
Balance Sheet |
|
Total liabilities |
|
|
22,775,599 |
|
|
|
22,840,599 |
|
Balance Sheet |
|
Accumulated other comprehensive income |
|
|
64,960 |
|
|
|
|
|
Balance Sheet |
|
Total shareholders equity |
|
|
339,812 |
|
|
|
274,852 |
|
|
|
|
|
|
|
|
|
|
|
|
Statement of Stockholders Equity |
|
Accumulated other comprehensive (loss) income |
|
|
64,960 |
|
|
|
|
|
Statement of Stockholders Equity |
|
Total shareholders equity |
|
|
339,812 |
|
|
|
274,852 |
|
|
|
|
|
|
|
|
|
|
|
|
Statement of Cash Flows |
|
Non-cash investing and financing activities: |
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate on note payable in foreign currency |
|
|
64,960 |
|
|
|
|
|
|