STATEMENT OF OPERATIONS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2011
|
2011 As Previously Reported |
Adjustments | As Restated | ||||||||||
| Revenues | $ | 732,591 | $ | 29,860 | $ | 762,451 | ||||||
| Costs and Expenses: | ||||||||||||
| Cost of Sales - Product Development | 276,320 | - | 276,320 | |||||||||
| Cost of Sales - Licensing | 96,344 | - | 96,344 | |||||||||
| General & Administrative | 505,775 | - | 505,775 | |||||||||
| Sales & Marketing | 11,930 | - | 11,930 | |||||||||
| Amortization & Depreciation | 50,928 | - | 50,928 | |||||||||
| Total Expense | 941,297 | - | 941,297 | |||||||||
| Net Ordinary Income/Loss | (208,706 | ) | 29,860 | (178,846 | ) | |||||||
| Interest Income/(Expense), net | (18,551 | ) | - | (18,551 | ) | |||||||
| Net Income/(Loss) before taxes | (227,257 | ) | 29,860 | (197,397 | ) | |||||||
| Income Tax Expense | 2,926 | - | 2,926 | |||||||||
| Net Income/Loss | $ | (230,183 | ) | $ | 29,860 | $ | (200,323 | ) | ||||
| Weighted number of common shares outstanding-basic and fully diluted | 39,082,041 | 39,082,041 | ||||||||||
| Income/ (Loss) per share-basic and fully diluted | $ | (0.01 | ) | $ | (0.01 | ) | ||||||