v3.5.0.2

Restatement (Tables) | 3 Months Ended
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Mar. 31, 2016
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-Q for the period ended March 31, 2015:
|  | Original |  |  | Adjustments |  |  | As Restated |
Balance Sheet for Three Months Ended 3/31/15: |  |  |  |  |  |  |  |  |  |  |  |
Prepaid expense |  | $ | 456,203 |  |  | $ | (416,628 | ) |  | $ | 39,575 |
Total current assets |  |  | 708,266 |  |  |  | (416,628 | ) |  |  | 291,638 |
Total assets |  |  | 1,504,481 |  |  |  | (416,628 | ) |  |  | 1,379,491 |
Additional paid in capital |  |  | 18368,569 |  |  |  | (285,252 | ) |  |  | 18,083,317 |
Stock to be issued |  |  | 131,376 |  |  |  | (131,376 | ) |  |  | -- |
Total stockholders’ deficit, Bitzio |  |  | (3,019,231 | ) |  |  | (416,628 | ) |  |  | (3,435,859 | )
Total stockholders’ deficit |  |  | (3,028,100 | ) |  |  | (416,628 | ) |  |  | (3,444,728 | )
Total liabilities and stockholders’ deficit |  |  | 1,504,481 |  |  |  | (416,628 | ) |  |  | 1,087,853 |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: 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 Reference 2: 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 3: 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 + Details
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