v3.25.2
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS: Schedule of Error Corrections and Prior Period Adjustments (Tables)
 9 Months Ended
Apr. 30, 2023
Tables/Schedules  
Schedule of Error Corrections and Prior Period Adjustments

Balance Sheet, Stockholder’s Equity, April 30, 2022:

 

 

Previously

Reported

 

Adjustment

 

Restated

 

$

 

$

 

$

Stockholder’s Equity

 

 

 

 

 

 

 

 

Common stock: $0.0001 par value, 500,000,000 authorized,

100,608,200 issued and outstanding as of April 30, 2023

and July 31, 2022, respectively

 

31,561

 

 

(21,501)

(1)

 

10,061

Additional paid in capital

 

32,949

 

 

607,746

(2)

 

640,695

Accumulated deficit

 

(365,649)

 

 

(314,466)

(3)

 

(680,160)

Minority interest

 

301,511

 

 

(271,780)

(4)

 

29,731

Total Stockholder’s Equity:

 

327

 

 

 

 

 

327

 

1.)Related to over-recording of common stock. 

2.)Adjustment to paid in capital. 

3.)Adjustment to accumulated deficit. 

4.)Related to incorrect recognition of minority interest. 

 

 

 

 

Statement of Comprehensive Loss, Consolidated Net Loss, Nine Months Ended April 30, 2022:

 

 

Previously

Reported

 

Adjustment

 

Restated

 

$

 

$

 

$

Net loss attributable to minority interest

 

(275,150)

 

(15,581)

(1)

 

(290,731)

Net loss attributable to Limitless

 

(342,058)

 

15,581

(2)

 

(326,477)

Consolidated net loss

 

(617,208)

 

 

 

 

(617,208)

 

1.)Related to correction of minority interest. 

2.)Related to correction of minority interest.