REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS (Tables)

3 Months Ended

Mar. 31, 2017

REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS

Schedule of revisions to the balance sheet and the statement of operations

Balance Sheet

	As of December 31, 2016
	As Reported			Adjustments			As Revised
Convertible notes payable, net	$	814,989		$	(809,681	)	$	5,308
Total Liabilities	$	17,260,318		$	(809,681	)	$	16,450,637
Shareholders' Equity
Additional paid in capital	$	10,593,324		$	811,901		$	11,405,225
Accumulated deficit		(9,848,822	)		(2,220	)		(9,851,042	)
Total Shareholders' Equity	$	766,466		$	809,681		$	1,576,147
Total Liabilities and Shareholders' Equity	$	18,026,784		$	—		$	18,026,784

Statement of Operations

	Year Ended December 31, 2016
Net (loss), as reported	$	(4,479,052	)
Adjustments:
Previously reported accretion of debt discount (conversion feature and warrants) (interest expense)		2,529
Corrected accretion of debt discount (interest expense)		4,749
Total adjustment		(2,220	)
Net (loss), as revised	$	(4,481,272	)
Net (loss) per share, as reported	$	(0.21	)
Net (loss) per share, as revised	$	(0.21	)