v3.4.0.3

Restatement (Tables) | 12 Months Ended
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Dec. 31, 2015
Accounting Changes and Error Corrections [Abstract] |
Schedule of Restatement | The table below summarizes the impact of the restatement described above on financial information previously reported on the Company’s Form 10-K for the period ended December 31, 2014:
|  | Original |  |  | Adjustments |  |  | As Restated |
Balance Sheet for Year Ended 12/31/14: |  |  |  |  |  |  |  |  |  |  |  |
Prepaid expense |  | $ | 560,631 |  |  | $ | (528,224 | ) |  | $ | 32,407 |
Total current assets |  |  | 808,414 |  |  |  | (528,224 | ) |  |  | 280,190 |
Total assets |  |  | 1,427,353 |  |  |  | (528,224 | ) |  |  | 899,129 |
Additional paid in capital |  |  | 19,199,481 |  |  |  | (407,786 | ) |  |  | 18,791,695 |
Stock to be issued |  |  | 120,438 |  |  |  | (120,438 | ) |  |  | — |
Total stockholders’ deficit, Bitzio |  |  | (4,573,479 | ) |  |  | (528,224 | ) |  |  | (5,101,683 | )
Total stockholders’ deficit |  |  | (4,574,978 | ) |  |  | (528,224 | ) |  |  | (5,103,202 | )
Total liabilities and stockholders’ deficit |  |  | 1,427,353 |  |  |  | (528,224 | ) |  |  | 899,129 |
Statement of Stockholders’ Equity for Year Ended 12/31/14: |  |  |  |  |  |  |  |  |  |  |  |
Additional Paid in Capital |  | $ | 19,199,481 |  |  | $ | (407,786 | ) |  | $ | 18,791,695 |
Stock to be issued |  |  | 120,438 |  |  |  | (120,438 | ) |  |  | — |
Total stockholders’ equity |  |  | (4,574,978 | ) |  |  | (528,224 | ) |  |  | (5,103,202 | )

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- Definition Tabular disclosure of the nature and effects of a restatement to correct an error in the reported results of operations of prior periods. When prior period adjustments are recorded, the resulting effects (both gross and net of applicable income tax) on the net income of prior periods are disclosed in the annual report for the year in which the adjustments are made, and amended filings of previously issued reports are typically issued. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22644-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22658-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22663-107794 + Details
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