| RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS |
| | |
As Previously Reported on 10-K | |
Restatement Adjustment | |
Adjustment Note | |
As Restated |
| Current assets: | |
| | | |
| | | |
| | | |
| | |
| Accounts receivable, net | |
$ | 3,118,317 | | |
$ | (1,185,096 | ) | |
| 1 | | |
$ | 1,933,221 | |
| Prepayments and other current assets | |
$ | 3,383,420 | | |
$ | 2 | | |
| a | | |
$ | 3,383,422 | |
| Total current assets | |
$ | 8,705,863 | | |
$ | (1,185,094 | ) | |
| | | |
$ | 7,520,769 | |
| Non-current assets: | |
| | | |
| | | |
| | | |
| | |
Accounts receivable, net of non-current
portion | |
$ | — | | |
$ | 1,185,097 | | |
| 1 | | |
$ | 1,185,097 | |
| Goodwill | |
$ | 5,977,783 | | |
$ | 300,583 | | |
| 3 | | |
$ | 6,278,366 | |
| Total non-current assets | |
$ | 10,183,753 | | |
$ | 1,485,680 | | |
| | | |
$ | 11,669,433 | |
| Total assets | |
$ | 18,889,616 | | |
$ | 300,586 | | |
| | | |
$ | 19,190,202 | |
| Mezzanine equity: | |
| | | |
| | | |
| | | |
| | |
| Redeemable non-controlling interest | |
$ | — | | |
$ | 738,303 | | |
| 2 | | |
$ | 738,303 | |
| Stockholders’ equity (deficit): | |
| | | |
| | | |
| | | |
| | |
| Additional paid in capital | |
$ | 10,440,535 | | |
$ | 2,172 | | |
| 4 | | |
$ | 10,442,707 | |
| Accumulated other comprehensive loss | |
$ | 76,889 | | |
$ | 3 | | |
| a | | |
$ | 76,892 | |
| Total equity attributable to: | |
| | | |
| | | |
| | | |
| | |
| SecureTech shareholders | |
$ | 10,599,938 | | |
$ | 2,175 | | |
| 2 | | |
$ | 10,602,113 | |
| Non-controlling interests | |
$ | 1,174,534 | | |
$ | (439,892 | ) | |
| 2 | | |
$ | 734,642 | |
| Total stockholders’ equity (deficit) | |
$ | 11,774,472 | | |
$ | (437,717 | ) | |
| | | |
$ | 11,336,755 | |
|