v3.25.2
RESTATEMENT OF PRIOR PERIOD AMOUNTS
6 Months Ended
Jun. 30, 2025
RESTATEMENT OF PRIOR PERIOD AMOUNTS  
RESTATEMENT OF PRIOR PERIOD AMOUNTS

NOTE 13. RESTATEMENT OF PRIOR PERIOD AMOUNTS

  

The Company has restated its consolidated financial statements which are to account for the investment at the cost of the investment instead of at par value of Winvest shares as previously reported and to correct for the loss on the subsequent IFA share buy-backs.

 

Condensed consolidated statements of operations for the three months ended June 30, 2024

 

 

 

As previously reported in June 30, 2024 10Q

 

 

Adjustment

 

 

As restated for June 30, 2024

 

Gain/(Loss) on investment

 

$87,403

 

 

$(148,236 )

 

$(60,833 )

Other income/(expenses), net

 

 

87,614

 

 

 

(148,236 )

 

 

(60,622 )

Net loss

 

 

53,740

 

 

 

148,236

 

 

 

201,976

 

 

Condensed consolidated statements of operations for the six months ended June 30, 2024

 

 

 

As previously reported in June 30, 2024 10Q

 

 

Adjustment

 

 

As restated for June 30, 2024

 

Gain/(Loss) on investment

 

$148,972

 

 

$(261,159 )

 

$(112,187 )

Other income/(expenses), net

 

 

148,781

 

 

 

(261,159 )

 

 

(112,378 )

Net loss

 

 

62,396

 

 

 

261,159

 

 

 

323,555

 

 

Condensed consolidated statements of changes in stockholders’ deficit for the six months ended June 30, 2025

 

 

 

As previously reported in June 30, 2024 10Q

 

 

Adjustment

 

 

As restated for June 30, 2024

 

Additional Paid-In Capital

 

$103,714,814

 

 

$14,990,000

 

 

$118,704,814

 

Accumulated Deficit

 

 

104,782,949

 

 

 

261,159

 

 

 

105,044,108

 

 

Condensed consolidated statements of cash flows for the six months ended June 30, 2024

 

 

 

As previously reported in June 30, 2024 10Q

 

 

Adjustment

 

 

As restated for June 30, 2024

 

Net loss

 

$62,396

 

 

$261,159

 

 

$323,555

 

Gain/(Loss) from sale of investment

 

 

148,972

 

 

 

(261,159 )

 

 

(112,187 )