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RESTATEMENT
9 Months Ended
Sep. 30, 2016
Accounting Changes and Error Corrections [Abstract]  
RESTATEMENT

NOTE 16 - RESTATEMENT

The Company restated its financial statements previously issued on July 27, 2016, to account for an equity award as further detailed in Note 10 (c). The following table summarizes the correction in each affected financial statements line item for each period pretend:

 

     As previously
reported
     The influence
of restatement
     As restated  
     In US Dollars  

Additional paid in capital

     3,119,342        186,000        3,305,342  

Accumulated deficit

     (2,265,372      (186,000      (2,451,372

The effect of the restatement for the year 2014 on income state:

 

     As previously
reported
     The influence
of restatement
     As restated  
     In US Dollars  

General and administrative

     65,113        186,000        251,113