Restatement of Previously Issued Condensed Financial Statements

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

7. Restatement of Previously Issued Condensed Financial Statements

The Company determined the valuation of its inventory and related accounts payable were not properly recorded and the Company's previously issued financial statements needed to be restated. As such, the Company is restating in this Quarterly Report its financial statements for the six month period ended June 30, 2015. However, these restatements will have no impact on the Company's current or previously reported cash position, operating expenses or total operating, investing or financing cash flows.

Impact of the Restatement – June 30, 2015

	As of June 30, 2015
	As Previously Reported		Adjustment			As Restated
Balance Sheet Data (unaudited):
Inventory	$	440,586		(394,388	)	$	46,198
Total current assets		442,200		(394,388	)		47,812
Total assets		444,500		(394,388	)		50,112
Accounts payable and accrued expenses		599,452		(394,388	)		205,064
Total current liabilities	$	1,102,874		(394,388	)	$	708,486

	Six Months Ended June 30, 2015
	As Previously Reported			Adjustment			As Restated
Cash Flows Data (unaudited):
Inventory	$	(408,713	)		394,388		$	(14,325	)
Accounts payable and accrued expenses		226,969			(394,388	)		(167,419	)