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Fourth Quarter Adjustment

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

12. FOURTH QUARTER ADJUSTMENT

In the fourth quarter of 2014, the Company capitalized $1,017,104 of website and internal use software costs and correspondingly recognized $103,222 of accumulated amortization, or a net adjustment of $913,822 of which $627,646 related to amounts expensed in prior quarters of 2014 as follows:

	Quarter Ended				Amount
	March 31			$	158,529
	June 30				233,751
	September 30				235,366
				$	627,646

The effects of such adjustments on net loss for the prior quarters follows (unaudited):

		Quarter Ended:
Net loss:		March 31,				June 30,				September 30,
As previously reported		$	(1,201,375	)		$	(1,244,069	)		$	(1,364,623	)
Adjustment			158,529				233,751				235,366
As adjusted		$	(1,042,846	)		$	(1,010,318	)		$	(1,129,257	)
Basic and diluted loss per common share:
As previously reported		$	(0.05	)		$	(0.05	)		$	(0.04	)
Adjustment			0.01				0.01				0.01
As adjusted		$	(0.04	)		$	(0.04	)		$	(0.03	)

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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