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Restatement of Previously Issued Consolidated Financial Statements (Tables) | 12 Months Ended
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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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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794 + Details
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