| 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 |
|
|