Restatement of Previously Issued Financial Statements (Tables)

3 Months Ended

Mar. 31, 2017

	As of March 31, 2017
	As previously
	Reported			Adjustment			Restated
ASSETS
Current assets:
Cash	$	9,485		$	-		$	9,485
Total current assets:		9,485			-			9,485

Total assets	$	9,485		$	-		$	9,485

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$	419,859		$	-		$	419,859
Accrued interest payable		34,763			-			34,763
Note payable, net of debt discount $1,517 and $1,517, respectively		145,483			-			145,483
Note payable – related parties		16,000			-			16,000
Convertible note payable		121,000			-			121,000
Fair value of derivative liability - beneficial conversion feature		46,476			-			46,476
Deposit		-			-			-
Total current liabilities		783,581			-			783,581

Total liabilities		783,581			-			783,581

Stockholders’ deficit:
Preferred stock authorized 25,000,000 shares, $.0001 par value, no shares issued and outstanding at March 31, 2017 and December 31, 2016.		-			-			-
Common stock authorized 100,000,000 shares, $.0001 par value, 51,411,443 shares issued and outstanding at March 31, 2017 and December 31, 2016.		5,141			-			5,141
Additional paid-in capital		4,401,221			(177,493	)		4,223,728
Accumulated deficit		(5,180,458	)		177,493			(5,002,965	)
Total stockholders’ deficit		(774,096	)		-			(774,096	)

Total liabilities and stockholders’ deficit	$	9,485		$	-		$	9,485

	For the Three Months Ended March 31, 2017
	As Previously
	Report			Adjustment		Restated


NET SALES	$	-		$	-	$	-

OPERATING EXPENSES:
Professional fees		96,222			-		96,222
Selling, general, and administrative		10,191			-		10,191
Total Operating Expenses		106,413			-		106,413

Loss from operations		(106,413	)		-		(106,413	)

OTHER INCOME (EXPENSE):
Other Income		1,775			-		1,775
Gain on the sale of subsidiary		-			177,493		177,493
Interest expense		(6,195	)		-		(6,195	)
Changes in fair value of derivative		(7,720	)		-		(7,720	)
Total Other Income (Expenses), net		(12,140	)		177,493		165,353

NET INCOME/LOSS	$	(118,553	)	$	177,493	$	58,940

NET INCOME/LOSS PER BASIC SHARES	$	0.00		$	-	$	0.00

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING – BASIC		51,411,443					51,411,443

NET INCOME/(LOSS) PER DILUTED SHARES	$	0.00		$	-	$	0.00

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING –DILUTED	$	51,411,443		$	15,648,651	$	67,060,094

	For the Three Months Ended March 31, 2017
	As Previously
	Report			Adjustment			Restated

Operating Activities:
Net income/(loss)	$	(118,553	)	$	177,493		$	58,940
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Change in deposit balance		44,522			(222,015	)		(177,493	)
Stock based compensation		48,558			-			48,558
Interest expense – note payable		3,439			-			3,439
Interest expense – amortization of convertible note discount		2,554			-			2,554
Changes in fair value of convertible note		7,720			-			7,720
Accounts payable		11,946			-			11,946
Deposit		-			44,522			44,522
Net cash provided by operating activities		186			-			186

Financing Activities:
Proceeds from issuance of note payable		-			-			-
Net cash provided by financing activities		-			-			-

Net increase (decrease) in cash		186			-			186

Cash, Beginning of period		9,299			-			9,299

Cash, End of period	$	9,485		$	-		$	9,485