| 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 |
) |
|