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Revision of Prior Year Financial Statements (Tables)
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Summary of Revisions of Consolidated Financial Statements

The following table summarizes the effects of the revisions on the specific items presented in the Company’s historical consolidated financial statements previously included in the Company’s Annual Report for the year ended December 31, 2019 

 

    As Previously Reported     As Revised  
Statements of Cash Flows                
Net income   $ 779,128     $ 779,128  
Depreciation     58,175       58,175  
Deferred rent amortization     (10,265 )     (10,265 )
Gain on forgiveness of accounts payable     (1,659,917 )     (1,659,917 )
Prepaid expenses and other assets     (25,971 )     (25,971 )
Deposits     12,541       12,541  
Accounts payable     77,511       769,092  
Accrued liabilities     (631,636 )     (59,945  
Net Cash Used in Operating Activities     (137,162 )     (137,162 )