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Restatement of Previously Issued Consolidated Financial Statements (Tables)

12 Months Ended

Dec. 31, 2017

Restatement of Previously Issued Consolidated Financial Statements [Abstract]

Schedule of restatements on consolidated financial statements

		As of December 31, 2016
		As previously reported				Restated
OTHER LIABILITIES
Warrants liability		$	-			$	1,499,362
Total Liabilities		$	1,115,074			$	2,614,436
Additional paid-in capital			39,150,635				37,261,366
Accumulated deficit			(26,499,675	)			(26,109,768	)
Total Equity		$	15,437,063			$	13,937,701

		For the year ended December 31, 2016
		As previously reported				Restated
Change in fair value of warrants liability		$	137,710			$	527,617
Loss before provision for income tax and non-controlling interest			(10,094,668	)			(9,704,761	)
Net loss from continuing operations			(9,999,642	)			(9,609,735	)
Net loss			(10,250,795	)			(9,860,888	)
Net loss attributable to Lianluo Smart Limited			(10,121,775	)			(9,731,868	)
Comprehensive loss			(10,817,957	)			(10,428,050	)
Comprehensive loss attributable to Lianluo Smart Limited			(10,587,119	)			(10,197,212	)
Loss per share
-    Basic		$	(0.97	)		$	(0.93	)
-    Diluted			(0.97	)			(0.93	)

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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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