RESTATEMENT OF 2013 STATEMENT OF OPERATIONS	12 Months Ended
Dec. 31, 2015
Notes to Financial Statements
Note 19. RESTATEMENT OF 2013 STATEMENT OF OPERATIONS	We previously restated our 2013 10-K on May 8, 2014. The requirement to restate the Company's basic and diluted earnings per share arose from the requirement to deduct $2.616 million attributable to the beneficial conversion feature of the Convertible Preferred Shares issued on December 13, 2013 and the accretion of $39,000 related to the preferred shares from December 13, 2013 through December 31, 2013, in calculating net loss attributable to common shareholders for the purposes of earnings per share, in accordance with FASB ASC 480-10-S99-2-20. The impact of this change is an increase in basic and diluted loss per share of $0.15 to $0.40 for the year ended December 31, 2013. The $2.6 million deduction is a one-time non-cash, deemed dividend. The accretion of the preferred shares is a reduction in the net income (loss) attributable to common shareholders which will be recorded until the preferred shares are fully accreted to their face value. Neither has an effect on net income, comprehensive income or cash flows for the year ended December 31, 2013, or total shareholders' equity as of December 31, 2013.

RESTATEMENT OF 2013 STATEMENT OF OPERATIONS

12 Months Ended

Dec. 31, 2015

Note 19. RESTATEMENT OF 2013 STATEMENT OF OPERATIONS

We previously restated our 2013 10-K on May 8, 2014. The requirement to restate the Company's basic and diluted earnings per share arose from the requirement to deduct $2.616 million attributable to the beneficial conversion feature of the Convertible Preferred Shares issued on December 13, 2013 and the accretion of $39,000 related to the preferred shares from December 13, 2013 through December 31, 2013, in calculating net loss attributable to common shareholders for the purposes of earnings per share, in accordance with FASB ASC 480-10-S99-2-20. The impact of this change is an increase in basic and diluted loss per share of $0.15 to $0.40 for the year ended December 31, 2013.

The $2.6 million deduction is a one-time non-cash, deemed dividend. The accretion of the preferred shares is a reduction in the net income (loss) attributable to common shareholders which will be recorded until the preferred shares are fully accreted to their face value. Neither has an effect on net income, comprehensive income or cash flows for the year ended December 31, 2013, or total shareholders' equity as of December 31, 2013.