| SCHEDULE OF RESTATEMENT FOR THE FINANCIAL STATEMENTS |
SCHEDULE OF RESTATEMENT FOR THE FINANCIAL STATEMENTS
The
following table presents the effects of the restatement to the accompanying consolidated balance sheet at December 31, 2024:
| | |
| | | |
| | | |
| | |
| | |
As Previously Reported | | |
Restated | | |
Net Adjustment | |
| | |
| | |
| | |
| |
| Accounts receivable, net | |
$ | 131,067 | | |
$ | 8,389 | | |
$ | (122,678 | ) |
| Deferred offering costs | |
| 22,750 | | |
| 127,494 | | |
| 104,744
| |
| Long-term financing receivables-net | |
| 1,423,054 | | |
| - | | |
| (1,423,054 | ) |
| Contract assets | |
| - | | |
| 619,779 | | |
| 619,779 | |
| | |
| | | |
| | | |
| | |
| Total Assets | |
| 9,505,480 | | |
| 8,684,271 | | |
| (821,209 | ) |
| | |
| | | |
| | | |
| | |
| Customer Deposits | |
| 30,061 | | |
| 172,061 | | |
| 142,000 | |
| Warrant Liability | |
| - | | |
| 78,148 | | |
| 78,148 | |
| | |
| | | |
| | | |
| | |
| Total Liabilities | |
| 6,566,978 | | |
| 6,787,126 | | |
| 220,148 | |
| | |
| | | |
| | | |
| | |
| Additional paid-in capital | |
| 30,635,351
| | |
| 30,631,493 | | |
| (3,858 | ) |
| Accumulated deficit | |
| (27,443,231 | ) | |
| (28,480,730 | ) | |
| (1,037,499 | ) |
| | |
| | | |
| | | |
| | |
| Total stockholders’ Equity | |
| 2,938,502 | | |
| 1,897,145 | | |
| (1,041,357 | ) |
| | |
| | | |
| | | |
| | |
| Total Liabilities and stockholders’ Equity | |
$ | 9,505,480 | | |
$ | 8,684,271 | | |
$ | (821,209 | ) |
The
following table presents the effects of the restatement to the accompanying consolidated balance sheet at December 31, 2023:
|