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RESTATEMENT (Tables)
 6 Months Ended
Jun. 30, 2012
RESTATEMENT (Tables)  
Significant Areas of Change for the Three months ended June 30, 2011

The following tables highlight the significant areas of change:

 

 

Three Months Ended June 30, 2011

 

 

 

As Previously

 

 

 

 

 

 

 

 

 

Reported

 

 

Restated

 

 

 

 

 

 

June 30,2011

 

 

30-Jun-11

 

 

Change

 

Total Assets

 

$

9,276,182

 

 

$

9,276,182

 

 

$

-

 

Total Liabilities

 

$

(3,876,275

)

 

$

(9,773,989

)

 

$

(5,897,714

)

Stockholders' Equity

 

$

(5,399,907

)

 

$

(497,807

)

 

$

4,902,100

 

Net Income (Loss)

 

$

(3,198,781

)

 

$

(3,921,365

)

 

$

(722,584

)

Income (Loss) available to common stockholders

 

$

(3,198,781

)

 

$

(3,921,365

)

 

$

(722,584

)

Basic Loss per Share

 

$

(0.06

)

 

$

(0.07

)

 

$

(0.01

)
Significant Areas of Change for the Six months ended June 30, 2011

 

 

Six Months Ended June 30, 2011

 

 

 

As Previously

 

 

 

 

 

 

 

 

 

Reported

 

 

Restated

 

 

 

 

 

 

June 30,2011

 

 

30-Jun-11

 

 

Change

 

Total Assets

 

$

9,276,182

 

 

$

9,276,182

 

 

$

-

 

Total Liabilities

 

$

(3,876,275

)

 

$

(9,773,989

)

 

$

(5,897,714

)

Stockholders' Equity

 

$

(5,399,907

)

 

$

497,807

 

 

$

5,897,714

 

Net Income (Loss)

 

$

(5,942,888

)

 

$

(6,665,472

)

 

$

(722,584

)

Income (Loss) available to common stockholders

 

$

(5,942,888

)

 

$

(6,665,472

)

 

$

(722,584

)

Basic Loss per Share

 

$

(0.12

)

 

$

(0.13

)

 

$

(0.01

)