XML 9 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Restatement
3 Months Ended
Mar. 31, 2012
Accounting Changes and Error Corrections [Abstract]  
Restatement

 

This filing amends and restates our previously reported financial statements for the quarter ended March 31, 2012, to reflect the following adjustments

-The Consolidated balance sheet – This has been amended for the quarter ended March 31, 2012 and the year ended December 31, 2011, to expense the purchase of the remaining 4% Domain Name Purchase payments for $900,000, in accordance with ASC Topic 420-10-25-11. This had the effect to reduce the intangible asset and to increase the retained deficit by $900,000 for the quarter ended March 31, 2012 and the year ended December 31, 2011.
-The Consolidated Statement of Stockholders’ Equity – This has been amended to restate the retained deficit for the quarter ended March 31, 2012 and the year ended December 31, 2011, was amended to expense the purchase of the remaining 4% Domain Name Purchase payments for $900,000,in accordance with ASC Topic 420-10-25-11.