Quarterly report pursuant to Section 13 or 15(d)

Revision of Prior Year Immaterial Misstatement (Tables)

v3.22.2.2
Revision of Prior Year Immaterial Misstatement (Tables)
6 Months Ended
Jun. 30, 2022
Accounting Changes and Error Corrections [Abstract]  
Schedule of Revision in Financial Statements

The table below present the impact of the revision in the Company’s condensed consolidated financial statements.

 

    As Previously Reported     Adjustment     As Revised  
    December 31, 2021  
    As Previously Reported     Adjustment     As Revised  
                   
Consolidated Balance Sheet / Statement of Changes in Stockholders’ Equity                        
                         
Accumulated deficit   $ (4,138,526 )   $ (66,650 )   $ (4,205,176 )
Non-controlling interest   $ (66,650 )   $ 66,650     $ -  
Total Stockholders’ Deficit   $ (3,392,961 )   $ -     $ (3,392,961 )
Total Liabilities and Stockholders’ Deficit   $ 1,014,551     $ -     $ 1,014,551  
                         
Consolidated Statement of Operations                        
                         
Gain on deconsolidation of Krypto Ventures, Inc.   $ 153,907     $ (66,650 )   $ 87,257  
Total other expense   $ (1,033,830 )   $ (66,650 )   $ (1,100,480 )
Net (Loss) Income   $ (809,404 )   $ (66,650 )   $ (876,054 )
Net (Loss) Income attributable to the Company   $ (796,696 )   $ (66,650 )   $ (863,346 )
Net (Loss) Income per share - basic   $ (0.04 )   $ -     $ (0.04 )
Net (Loss) Income per share - diluted   $ (0.04 )   $ -     $ (0.04 )
                         
Consolidated Statement of Cash Flows                        
                         
Operating activities                        
Net (Loss) Income - including non-controlling interest   $ (809,404 )   $ (66,650 )   $ (876,054 )
Gain on deconsolidation of subsidiary (Krypto Ventures, Inc.)   $ 153,907     $ (66,650 )   $ 87,257  
Net cash used in operating activities   $ (56,896 )   $ -     $ (56,896 )