2. Revision of Prior Period Financial Statements (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Changes and Error Corrections [Abstract]

Restatement

	Previously reported						Revised
	For the three months ended						For the three months ended
	3/31/2019			Adjustment			3/31/2019
Revenue	$	239,738		$	(88,855	)	$	150,883
Revenue - related party		3,000						3,000
Total revenue		242,738			(88,855	)		153,883
Cost of Revenue		122,128			9,603			131,731
Gross Profit		120,610			(98,458	)		22,152
Operation Expenses:
Selling		9,209			(9,209	)		–
Compensation - officers		31,675			3,325			35,000
Research and development		62,004						62,004
Professional fees		355,274			(4,875	)		350,399
General and administrative		110,456			197			110,653
Total Operating Expenses		568,618			(10,562	)		558,056
Loss from Operations		(448,008	)		(87,896	)		(535,904	)
Other Income (Expense)
Interest income (expense), net		725						725
Total other expense		725						725
Loss before income taxes		(447,283	)		(87,896	)		(535,179	)
Tax expense		–						–
Net Loss	$	(447,283	)	$	(87,896	)	$	(535,179	)

Condensed consolidated statement of cash flows

	Previously reported						Revised
	For the three months ended						For the three months ended
	3/31/2019			Adjustment			3/31/2019
Cash flows from operating activities:
Net Loss	$	(447,283	)		(87,896	)	$	(535,179	)
Adjustments to reconcile net loss to net cash from operating activities:
Inventories reserve		26,435						26,435
Depreciation expense		32,925						32,925
Amortization of right-of-use assets		2,033						2,033
Stock-based compensation		35,999						35,999
Changes in operating assets and liabilities:
Accounts receivable		(99,176	)					(99,176	)
Accounts receivable - related party		37,625						37,625
Inventories		9,187						9,187
Other receivable		(2,151	)					(2,151	)
Prepaid expenses		46,671						46,671
Accounts payable and accrued liabilities		11,216			(959	)		10,257
Accounts payable - related party		(4,921	)					(4,921	)
Other current liabilities		(7,210	)					(7,210	)
Customer deposit		(10,467	)		88,855			78,388
Net cash flows used in operating activities		(369,117	)					(369,117	)
Cash flows from investing activities:
Cash from acquisition		201,482						201,482
Purchase of property and equipment		(181,121	)					(181,121	)
Cash paid for acquisition		(550,000	)					(550,000	)
Net cash flows used in investing activities		(529,639	)					(529,639	)
Cash flows from financing activities:
Payment on long term debt and finance lease obligation		(2,021	)					(2,021	)
Net cash flows used in financing activities		(2,021	)					(2,021	)
Net change in cash		(900,776	)					(900,776	)
Cash beginning of period		4,455,751						4,455,751
Cash end of period	$	3,554,975					$	3,554,975