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Prior Period Misstatement

9 Months Ended

Sep. 30, 2017

Subsequent to filing the Form 10-Q for the nine months ended September 30, 2016, it was discovered that the issuance of 200,000 shares of the Company's common stock with a fair value of $102,000 were not included in the Form 10-Q. The effect of this omission was that, as at September 30, 2016, prepaid expenses were understated by $102,000, common stock was understated by $20 and additional paid-in capital was understated by $101,980. As at September 30, 2016, the restated balance of prepaid expenses is $105,539, the restated balance of common stock is $6,759 and the restated balance of additional paid-in capital is $4,191,607. In addition, the correct weighted average shares outstanding for the three and nine month periods ended September 30, 2017 were 67,514,229 and 67,485,906 respectively.

The effects of the prior period misstatement are as follows:

	As Originally Reported		Restated

Prepaid expenses	$	3,539	$	105,539
Common stock	$	6,739	$	6,759
Additional paid-in capital	$	4,089,627	$	4,191,607
Weighted average shares outstanding - three month period		67,314,229		67,514,229
Weighted average shares outstanding - six month period		67,291,017		67,485,906