| Condensed Cash Flow Statement |
|
As previously reported
|
Adjustment
|
As restated
|
Net income (loss)
|
(7,526,738)
|
7,522,094
|
(4,644)
|
Amortization and depreciation
|
4,000
|
–
|
4,000
|
Amortization of LOC commitment fees
|
3,696
|
(3,696)
|
–
|
(Gain) loss on fair value changes in investments
|
7,296,262
|
(7,296,262)
|
–
|
Stock-based compensation
|
183,000
|
(183,000)
|
–
|
Accounts payable
|
(11,100)
|
–
|
(11,100)
|
Accrued interest and expenses
|
51,918
|
(49,647)
|
2,271
|
Accrued interest and late charge – Meridian
|
–
|
10,511
|
10,511
|
Short-term advances from affiliates
|
100
|
(100)
|
–
|
Net cash (used in) provided by operating activities
|
1,138
|
(100)
|
1,038
|
Advances from affiliates, net
|
–
|
100
|
100
|
Net cash provided by financing activities
|
–
|
100
|
100
|
Net increase in cash
|
1,138
|
–
|
1,138
|
Cash – end of the period
|
1,138
|
–
|
1,138
|
|