21. Restatement of financial statements (Tables)

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

Restatement of Consolidated Balance Sheet

Consolidated Balance Sheet at December 31, 2011	As Previously Reported			Restated			Net Adjustment
Derivative liability	$	–		$	15,888,855		$	15,888,855
Other current liabilities		3,786,217			3,786,217			–
Total current liabilities	$	3,786,217		$	19,675,072		$	15,888,855
Shareholders’ deficit
Series C 10% Preferred Stock, $0.001 par value: 1,000,000 shares authorized, 0 shares outstanding	$	–		$	–		$	–
Series D 10% Preferred Stock, $0.001 par value: 500,000 shares authorized,18,999 shares outstanding		19			19			–
Series E 5% Preferred Stock, $0.001 par value: 10,000 shares authorized; 9,450 and 8,500 shares issued and outstanding		9			9			–
Common stock, $0.001 par value: 200,000,000 shares authorized 89,083,677 and 88,157,055 shares issued and outstanding		88,157			88,157			–
Additional paid-in capital		41,964,908			33,264,917			(8,699,991	)
Accumulated deficit		(42,196,523	)		(49,385,387	)		(7,188,864	)
Total Stratus shareholders' deficit	$	(143,430	)	$	(16,032,285	)	$	(15,888,855	)

Restatement of Consolidated Operations

Consolidated Statement of Operations for 2011	As Previously Reported			Restated			Net Adjustment
Loss from operations	$	(16,429,344	)	$	(16,429,344	)	$	–
Other (income)/expenses
Fair value of derivative liabilities in excess of proceeds		–			19,642,867			19,642,867
Adjustments to fair value of derivative securities		–			(12,454,003	)		(12,454,003	)
Other (income)/expenses		(1,012,909	)		(1,012,909	)		–
Interest expense		420,733			30,535			(390,198	)
Total other (income)/expenses		(592,176	)		6,206,490			6,798,666
Net loss	$	(15,837,168	)	$	(22,635,834	)	$	(6,798,666	)
Preferred dividends		–			390,198			390,198
Net loss attributable to common shareholders	$	(15,837,168	)	$	(23,026,032	)	$	(7,188,864	)
Basic and diluted loss attributable to common shareholders per share	$	(0.18	)	$	(0.26	)	$	(0.08	)
Basic weighted average shares outstanding		88,157,055			88,157,055
Fully-diluted weighted average shares outstanding		88,157,055			101,023,493			12,866,438