XML 42 R31.htm IDEA: XBRL DOCUMENT v3.21.2
RESTATEMENT OF FINANCIAL STATEMENTS (Tables)
 6 Months Ended
Jun. 30, 2021
RESTATEMENT OF FINANCIAL STATEMENTS [Abstract]  
Impact of Restatement of Financial Statements
The impact of the restatement on the Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2020 included in this filing is presented below.

 
As Previously
Reported
  
Adjustments
  
As Restated
  
Statement of Operations for the three months ended June 30, 2020 (unaudited)
            
             
Change in fair value of the warrant liability
  
$
-
    
$
(25,075
)
  
$
(25,075
)
Net loss
    
(829,030
)
    
(25,075
)
    
(854,105
)
Net loss per common share
    
(0.16
)
    
(0.00
 )
   
(0.16
)

 
As Previously
Reported
  
Adjustments
  
As Restated
  
Statement of Operations for the six months ended June 30, 2020 (unaudited)
            
             
Change in fair value of the warrant liability
  
$
-
    
$
(382,680
)
  
$
(382,680
)
Net loss
    
(1,261,662
)
    
(382,680
)
    
(1,644,342
)
Net loss per common share
    
(0.24
)
    
(0.07
)
    
(0.31
)

The impact of the restatement on the Condensed Consolidated Statement of Cash Flows for the six months ended June 30, 2020 included in this filing is presented below.

 
As Previously
Reported
  
Adjustments
  
As Restated
  
Statement of Cash Flows for the six months ended June 30, 2020 (unaudited)
            
Net Loss
  
$
(1,261,662
)
  
$
(382,680
)
  
$
(1,644,342
)
Change in fair value of the warrant liability
    
-
      
382,680
      
382,680