Summarized financial information illustrating the restatement on the Company's financial statements is as follows:
Nine months ended September 30, 2000 As originally reported As restated
Financial position -
Assets $ 1,693,965 $ 2,060,360 Stockholders'equity $ 1,162,554 $ 1,528,949
Results of operations -
Goodwill amortization $ 33,871 $ 38,975 Customer rights amortization $ 53,959 $ 91,397 Professional fees $ 330,020 $ 176,530 Employee compensation $ 1,004,375 $ 1,059,438 Other $ - $ 32,661
Loss from discontinued operations $( 336,159) $( 373,569)
Net loss $(2,272,229) $(2,286,415)
Net loss per common share $( .004) $( .005)
secinfo.com
|