Quarterly report pursuant to Section 13 or 15(d)

Restated Financial Statements For The Three Months Ended March 2013 (Tables)

v2.4.0.8
Restated Financial Statements For The Three Months Ended March 2013 (Tables)
3 Months Ended
Mar. 31, 2014
Notes to Financial Statements  
Summary Of The Effect Of The Restatement For The Three Months Ended March 2013

  March 31,  2013
    As Reported   Adjustment   As Restated
Revenues $ 277,328 $ $ 277,328
Cost of revenues   84,554     84,554
Gross Margin   192,774     192,774
             
Operating Expenses:            
   Labor and related expenses   80,586     80,586
   Rent   56,188     56,188
   Depreciation   12,775     12,775
   Other general and administrative   95,042     95,042
      Total Operating Expenses   244,591     244,591
Net Operating Income (Loss)   (51,817)     (51,817)
             
Other Income (Expense):            
   Interest income   143     143
   Interest expense   (33,353)   (78,750) 1 (112,103)
   Unrealized gain (loss) on trading securities   303,361   1,460 2       304,821
   Gain (loss) on sale of marketable securities   131,495   (26,160) 3 105,335
Net Other Income (Expense)   401,646   (103,450)   298,196
             
Net Income (Loss) $ 349,829 $ (103,450) $ 246,379
             
Other Comprehensive Income (Loss):            
  Unrealized gain on available-for-sale securities   119,370   (541,890) 2 (422,520)
             
Comprehensive Income (Loss) $ 469,199 $ (645,340) $ (176,141)
             
Income Per Common Share: $ 0.00 $ - $ 0.00
Income Per Common Share, Diluted: $ 0.00 $   $ 0.00
Weighted Average Common Shares:            
   Basic   136,627,710   -   136,627,710
  Diluted   146,061,672   -   146,061,672