Quarterly report pursuant to sections 13 or 15(d)

CORRECTION OF ERRORS AND RESTATEMENTS

v2.4.0.8
CORRECTION OF ERRORS AND RESTATEMENTS
 6 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
CORRECTION OF ERRORS AND RESTATEMENTS

We have restated our ending balances for June 30, 2012, as well as the balance sheet and statement of cash flows for June 30, 2012 to correct an error in our accounting. The error relates to an adjustment for foreign currency translation of the notes payable balance to Prime Table Games UK, which is recorded in the functional currency pound sterling. The adjustment records an unrealized translation adjustment to the accumulated other comprehensive income (loss) account. There was no effect on the statement of operations.

 

The following are the previous and corrected balances for the period ended June 30, 2012:

 

June 30, 2012
Financial Statements		 Line Item Corrected Previously
Stated
               
Balance Sheet Notes payable, current portion   2,074,693     2,071,080  
Balance Sheet Notes payable, net of debt discount, net of current portion   19,038,821     18,992,698  
Balance Sheet Total liabilities   22,248,190     22,198,454  
Balance Sheet Accumulated other comprehensive (loss)   (49,736 )   —  
Balance Sheet Total shareholders’ equity   203,662     253,398  
               
Statement of Cash Flows Net cash provided by operating activities   902,419     872,046  
Statement of Cash Flows Net cash used in investing activities   (7,383)     (5,570)  
Statement of Cash Flows Net cash used in financing activities   (911,613)     (859,455)  
Statement of Cash Flows Non-cash investing and financing activities:          

 

 
  Effect of exchange rate on note payable in foreign currency   192,522     —