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Restatement of Prior Financial Information | 9 Months Ended
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Sep. 30, 2023
Accounting Changes and Error Corrections [Abstract] |
Restatement of Prior Financial Information | Note 2. Restatement of Prior Financial Information This Company’s previously filed unaudited statement of operations and cash flow statement and audited balance sheets have been restated to correct errors in calculating depreciation. From a quantitative and qualitative perspective, the Company determined that correcting the previously filed financial statements would not require amendment to its previously filed reports on Form 10-Q and 10-K. The effect of the correction of previously issued financial statements is summarized below: Schedule of Prior Financial Information
|  | As Previously Reported |  |  | Adjustment |  |  | Restated |
|  | December 31, 2022 |
|  | As Previously Reported |  |  | Adjustment |  |  | Restated |
Consolidated Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net of depreciation |  | $ | 389,000 |  |  | $ | 412,000 |  |  | $ | 801,000 |
Total assets |  | $ | 5,093,000 |  |  | $ | 412,000 |  |  | $ | 5,505,000 |
Accumulated deficit |  | $ | (58,384,000 | ) |  | $ | 412,000 |  |  | $ | (57,972,000 | )
Total stockholders’ equity |  | $ | 2,521,000 |  |  | $ | 412,000 |  |  | $ | 2,933,000 |
Total liabilities and stockholders’ equity |  | $ | 5,093,000 |  |  | $ | 412,000 |  |  | $ | 5,505,000 |
|  | As Previously Reported |  |  | Adjustment |  |  | Restated |
|  | Three-months ended September 30, 2022 |
|  | As Previously Reported |  |  | Adjustment |  |  | Restated |
Consolidated Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 112,000 |  |  | $ | (21,000 | ) |  | $ | 91,000 |
Total operating expenses |  | $ | 1,985,000 |  |  | $ | (21,000 | ) |  | $ | 1,964,000 |
Net loss |  | $ | (2,708,000 | ) |  | $ | 21,000 |  |  | $ | (2,687,000 | )
|  | As Previously Reported |  |  | Adjustment |  |  | Restated |
|  | Nine-months ended September 30, 2022 |
|  | As Previously Reported |  |  | Adjustment |  |  | Restated |
Consolidated Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 390,000 |  |  | $ | (63,000 | ) |  | $ | 327,000 |
Total operating expenses |  | $ | 5,263,000 |  |  | $ | (63,000 | ) |  | $ | 5,200,000 |
Net loss |  | $ | (4,339,000 | ) |  | $ | 63,000 |  |  | $ | (4,276,000 | )
Consolidated Statement of Cash Flows |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (4,339,000 | ) |  | $ | 63,000 |  |  | $ | (4,276,000 | )
Depreciation and amortization |  | $ | 407,000 |  |  | $ | (63,000 | ) |  | $ | 344,000 |
Net cash used in operating activities |  | $ | (2,619,000 | ) |  | $ | - |  |  | $ | (2,619,000 | )

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- Definition The entire disclosure for reporting error correction. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7 + Details
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