REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS |
6 Months Ended |
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Jun. 30, 2021 | |
| REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS | |
| REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS |
NOTE 2 — REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS In preparation of the Company’s Form 10-Q for June 30, 2021, the Company concluded it should correct the amounts previously recorded as additional paid-in capital and retained earnings due to a negative balance in additional paid-in capital as of March 31, 2021. The following shareholders’ equity balances as of March 31, 2021 were impacted: an increase to additional paid-in capital of $9,317,719 for a closing balance of $0 and a decrease to retained earnings of $9,317,719 for a closing balance of $4,788,716. |
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- References No definition available.
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- Definition The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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