v3.5.0.2

Restatement (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2015:

		Original				Adjustments				As Restated
Balance Sheet At 6/30/15:
Prepaid Expense		$	335,909			$	(303,791	)		$	32,118
Total current assets			566,474				(303,791	)			262,683
Total assets			1,234,508				(303,791	)			930,717
Additional paid in capital			17,028,310				(145,227	)			16,883,083
Stock to be issued			158,564				(158,564	)			-
Total Bitzio, Inc. stockholders’ deficit			(3,090,427	)			(303,791	)			(3,235,654	)
Total stockholders’ deficit			(3,106,646	)			(303,791	)			(3,251,873	)
Total Liabilities and Stockholders’ Deficit			1,234,508				(303,791	)			1,089,281

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- References

No definition available.

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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

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