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15. CHANGE TO PRIOR FINANCIAL STATEMENT
12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
15. CHANGE TO PRIOR FINANCIAL STATEMENT

15. CHANGE TO PRIOR FINANCIAL STATEMENT

 

During 2013 it was noticed that the par value of preferred stock had been incorrectly reported as $0.01 per share while the correct par value was $0.001 per share. Accordingly, an adjustment was made to decrease the total par value of preferred stock issued and increase additional paid in capital in the amount of $26,907. The adjustment is reflected in beginning balances of preferred stock and additional paid-in-capital as of December 31, 2011. This adjustment had no effect on previously reported results of operations and also had no effect on the carrying value or historical costs of any assets or liabilities.