XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.10.0.1

4. Reclassifications and Restatements | 9 Months Ended
--- | ---
Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Reclassifications and Restatements | Note 4: Reclassifications and Restatements Our previously issued consolidated financial statements for quarter and nine months ended September 30, 2017 and year ended December 31, 2016 have been reclassified and restated. We did not record the deferred tax liability associated with the purchase of the intangible assets of GeoTraq at time of acquisition. The Company determined that Intangible asset associated with GeoTraq should have been increased by $10,133, with a corresponding increase to deferred tax liability. We did not record the beneficial conversion amount related to the issuance of the Series A convertible preferred shares in the amount of $2,641. The beneficial conversion feature reduced the Series A convertible preferred and increased additional paid in capital of the same amount $2,641. We reclassified additional paid in capital of $12,322 for the issuance of the Series A convertible preferred stock amount less par value of .001 per Series A convertible preferred share. We reclassified $22,430 from common stock to additional paid in capital now that the common stock has a par value of .001 with the Company’s recent reincorporation in the state of Nevada. Fiscal Quarter Ended September 30, 2017
|  | As |  |  |  |  |  |  |
In Thousands |  | Previously |  |  |  |  |  |  |
|  | Reported |  |  | Change |  |  | (Restated) |
Balance Sheet Changes
Intangible assets, net |  | $ | 15,748 |  |  | $ | 10,133 |  |  | $ | 25,881 |
Deferred taxes |  |  | 1,305 |  |  |  | (1,305 | ) |  |  | – |
Total assets |  |  | 46,191 |  |  |  | 8,828 |  |  |  | 55,019 |
Deferred tax liability |  |  | – |  |  |  | 8,828 |  |  |  | 8,828 |
Total liabilities |  |  | 15,353 |  |  |  | 8,828 |  |  |  | 24,181 |
Preferred stock, series A |  |  | 14,963 |  |  |  | (14,963 | ) |  |  | – |
Common stock |  |  | 22,437 |  |  |  | (22,430 | ) |  |  | 7 |
Additional paid in capital |  |  | – |  |  |  | 37,393 |  |  |  | 37,393 |
Total liabilities and equity |  |  | 46,191 |  |  |  | 8,828 |  |  |  | 55,019 |
Cash Flow Statement Changes Thirty Nine Weeks Ended September 30, 2017 |
Non-cash disclosures: |  |  |  |  |  |  |  |  |  |  |  |
Series A convertible preferred stock issued |  | $ | 14,963 |  |  | $ | (2,641 | ) |  | $ | 12,322 |
Beneficial conversion feature Series A convertible preferred stock |  |  | – |  |  |  | 2,641 |  |  |  | 2,641 |
Resatement | Fiscal Quarter Ended September 30, 2017
|  | As |  |  |  |  |  |  |
In Thousands |  | Previously |  |  |  |  |  |  |
|  | Reported |  |  | Change |  |  | (Restated) |
Balance Sheet Changes
Intangible assets, net |  | $ | 15,748 |  |  | $ | 10,133 |  |  | $ | 25,881 |
Deferred taxes |  |  | 1,305 |  |  |  | (1,305 | ) |  |  | – |
Total assets |  |  | 46,191 |  |  |  | 8,828 |  |  |  | 55,019 |
Deferred tax liability |  |  | – |  |  |  | 8,828 |  |  |  | 8,828 |
Total liabilities |  |  | 15,353 |  |  |  | 8,828 |  |  |  | 24,181 |
Preferred stock, series A |  |  | 14,963 |  |  |  | (14,963 | ) |  |  | – |
Common stock |  |  | 22,437 |  |  |  | (22,430 | ) |  |  | 7 |
Additional paid in capital |  |  | – |  |  |  | 37,393 |  |  |  | 37,393 |
Total liabilities and equity |  |  | 46,191 |  |  |  | 8,828 |  |  |  | 55,019 |
Cash Flow Statement Changes Thirty Nine Weeks Ended September 30, 2017 |
Non-cash disclosures: |  |  |  |  |  |  |  |  |  |  |  |
Series A convertible preferred stock issued |  | $ | 14,963 |  |  | $ | (2,641 | ) |  | $ | 12,322 |
Beneficial conversion feature Series A convertible preferred stock |  |  | – |  |  |  | 2,641 |  |  |  | 2,641 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for classifying current financial statements, which may be different from classifications in the prior year's financial statements. Disclose any material changes in classification including an explanation of the reason for the change and the areas impacted. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -URI http://asc.fasb.org/topic&trid=2122149 + Details
Name: | us-gaap_Reclassifications
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the nature and effects of a restatement to correct an error in the reported results of operations of prior periods. When prior period adjustments are recorded, the resulting effects (both gross and net of applicable income tax) on the net income of prior periods are disclosed in the annual report for the year in which the adjustments are made, and amended filings of previously issued reports are typically issued. + References Reference 1: 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 2: 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 Reference 3: 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 + Details
Name: | us-gaap_RestatementToPriorYearIncomeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration