Restatement of Previously Filed Statements

12 Months Ended

Dec. 31, 2018

Restatement of Prior Year Income [Abstract]

Restatement of Previously Filed Statements

22. RESTATEMENT OF PREVIOUSLY FILED STATEMENTS.

The Company identified errors within the financial statements filed on Edgar for the year ended December 31, 2018. The identified errors in the cash flow statement and in Notes 2, 3, 13, 14 and 19 were the result of incomplete information provided to the edgarizer.  In addition, the financial statements were inadvertently released prematurely, prior to the Company’s auditors full review and approval.

The impact of the restatement on the Company’s consolidated statements of cash flows for the year ended December 31, 2018 is presented below. The restatement did not have any impact on the Company’s consolidated balance sheets or consolidated statements of income and comprehensive income for the year ended December 31, 2018.

	For the Year Ended December 31, 2018
	As Previously Reported			Adjustment			As Restated
Consolidated Statements of Cash Flows:
Net income	$	2,490,268		$	68,551		$	2,421,717
Net income (loss) attributable to non-controlling interests		-			(68,551	)		(68,551	)
Partnership distribution		(299,135	)		70,000			(229,135	)

In addition to the above, Notes 2, 3, 13, and 19 were revised for wording and Note 14 was updated for final results.