Restatement of Previously Issued Consolidated Financial Statements (Tables)

12 Months Ended

Dec. 31, 2023

Restatement of Previously Issued Consolidated Financial Statements

Schedule of restated Balance Sheet

	As Filed			As Restated
Total current assets	$	3,032,303		$	3,032,303
Net property and equipment		4,713,208			4,713,208
All other assets		10,597,687			10,597,687
Total assets		18,343,198			18,343,198
Accounts payable and accrued expenses		650,582			1,807,035
All other current liabilities		1,665,831			1,665,831
Total current liabilities		2,316,413			3,472,866
All long-term liabilities		14,160,123			14,160,123
Common stock		24,819,736			24,819,736
Accumulated deficit		(22,953,074	)		(24,109,527	)
Total liability and stockholders equity	$	18,343,198		$	18,343,198

Schedule of restated consolidated statement of operation

	As Filed			As Restated
Total revenue	$	14,452,765		$	14,452,765
Total operating expenses		11,406,821			11,406,821
Other expenses		2,618,228			2,618,228
Operating income		427,716			427,716
Interest		1,626,221			1,884,147
Net income (loss) before taxes		(1,198,505	)		(1,456,431	)
Income tax (benefit)		(142,435	)		(142,435	)
Net (loss)	$	(1,156,070	)	$	(1,313,996	)

Schedule of restated consolidated statement of cash flow

	As Filed			As Restated
Net (loss)	$	(1,056,070	)	$	(1,313,996	)
Depreciation and amortization, deferred contract revenue, deferred contract cost, amortization of lease in excess of cash paid, deferred income taxes, accounts receivable, inventories, prepaid expenses and other assets		1,008,985			1,008,985
Accounts payable and accrued expenses		76,669			334,595
Cash provided by operating activity		29,584			29,584
Cash used in investing activities		(507,575	)		(507,575	)
Cash used in financing activities		-			-
(Decrease) in cash		(477,991	)		(477,991	)
Cash at beginning of year		1,263,513			1,263,513
Cash at end of year	$	785,522		$	785,522