3. Restatement of Previously Issued Financial Statements (Tables)

12 Months Ended

Dec. 31, 2017

Accounting Changes and Error Corrections [Abstract]

Restatement of previously issued financial statements

eXp World Holdings Inc.

Consolidated Statement of Operations

For the fiscal year ended December 31, 2016

	As Previously Reported on Form 10-K			Stock Option Expense Adjustment			Agent Incentive Stock Compensation Expense Adjustment			Other Adjustments			As Restated
Net revenues	$	54,179,511			–			–			(623,786	)	$	53,555,725
Operating expenses
Cost of revenues		46,726,533			–			336,197			(623,786	)		46,438,944
General and administrative		32,237,501			(19,843,746	)		878,991			–			13,272,746
Professional fees		645,024			–			–			–			645,024
Sales and marketing		570,844			–			–			–			570,844
Total expenses		80,179,902			19,843,746	)		1,215,188			(623,786	)		60,927,558
Net income (loss) from operations		(26,000,391	)		19,843,746			(1,215,188	)		–			(7,371,833	)
Other income		15			–			–			–			15
Interest expense		(370	)		–			–			–			(370	)
Total other income and (expenses)		(355	)		–			–			–			(355	)
Net income (loss) from operations before income tax expense		(26,000,746	)		19,843,746			(1,215,188	)		–			(7,372,188	)
Income tax expense		(42,528	)		–			–			–			(42,528	)
Net income (loss)		(26,043,274	)		19,843,746			(1,215,188	)		–			(7,414,716	)
Net loss attributable to non-controlling interest in subsidiary		29,801			–			–			–			29,801
Net income (loss) attributable to common shareholders	$	(26,013,473	)		19,843,746			(1,215,188	)		–			(7,384,915	)
Net loss per share attributable to common shareholders
Basic from continuing operations	$	(0.51	)	$	0.39		$	(0.02	)	$	(0.00	)	$	(0.14	)
Diluted from continuing operations	$	(0.51	)	$	0.39		$	(0.02	)	$	(0.00	)	$	(0.14	)
Weighted average shares outstanding
Basic		51,081,949			51,081,949			51,081,949			51,081,949			51,081,949
Diluted		51,081,949			51,081,949			51,081,949			51,081,949			51,081,949

eXp World Holdings Inc.

Consolidated Statement of Operations

For the fiscal year ended December 31, 2015

	As Previously Reported on Form 10-K			Stock Option Expense Adjustment			Agent Incentive Stock Compensation Expense Adjustment			Other Adjustments			As Restated
Net revenues	$	22,866,787			–			–			(402,481	)	$	22,464,306
Operating expenses
Cost of revenues		19,456,409			–			71,637			(402,481	)		19,125,564
General and administrative		7,257,961			(2,764,252	)		50,067			–			4,543,776
Professional fees		439,763			–			–			–			439,763
Sales and marketing		211,456			–			–			–			211,456
Total expenses		27,365,589			(2,764,252	)		121,704			(402,481	)		24,320,560
Net income (loss) from operations		(4,498,802	)		2,764,252			(121,704	)		–			(1,856,254	)
Other income		23			–			–			–			23
Interest expense		(1,127	)		–			–			–			(1,127	)
Total other income and (expenses)		(1,104	)		–			–			–			(1,104	)
Net income (loss) from operations before income tax expense		(4,499,906	)		2,764,252			(121,704	)		–			(1,857,358	)
Income tax expense		(103,069	)		–			–			–			(103,069	)
Net income (loss)		(4,602,975	)		2,764,252			(121,704	)		–			(1,960,427	)
Net loss attributable to non-controlling interest in subsidiary		21,526			–			–			–			21,526
Net income (loss) attributable to common shareholders	$	(4,581,449	)		2,764,252			(121,704	)		–			(1,938,901	)
Net loss per share attributable to common shareholders
Basic from continuing operations	$	(0.09	)	$	0.06		$	(0.00	)	$	(0.00	)	$	(0.04	)
Diluted from continuing operations	$	(0.09	)	$	0.06		$	(0.00	)	$	(0.00	)	$	(0.04	)
Weighted average shares outstanding
Basic		49,409,266			49,409,266			49,409,266			49,409,266			49,409,266
Diluted		49,409,266			49,409,266			49,409,266			49,409,266			49,409,266