| Schedule of Correction of Errors and Restatements |
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 |
|
|
— |
|