Quarterly report pursuant to Section 13 or 15(d)

RESTATEMENT (Tables)

v3.21.2
RESTATEMENT (Tables)
9 Months Ended
Jun. 30, 2021
Restatement [Abstract]  
Schedule of Impact of Restatement in Company's Condensed Unaudited Consolidated Financial Statements

The table below present the impact of the restatement in the Company's condensed consolidated unaudited financial statements:

For the Three Months ended June 30, 2020

(Unaudited)

As previously reported

Adjustment

As Restated

Statement of Operations

Administrative expense

$

91,160

$

(150)

*

$

91,010

Amortization and depreciation

$

53,050

$

(52,900)

*

$

150

Total Operating Expense

$

289,026

$

(53,050)

$

235,976

Income from continuing operations before income taxes

$

10,966

$

53,050

$

64,016

Net Income

$

10,966

$

53,050

$

64,016

Net Income attributable to common stockholders

$

735

$

53,050

$

53,785

 

Income from continuing operations

$

0.00

$

0.00

$

0.00

Net Income per common share - basic and diluted

$

0.00

$

0.00

$

0.00

 

For the Nine Months ended June 30, 2020

(Unaudited)

As previously reported

Adjustment

As Restated

Statement of Operations

Administrative expense

$

292,008

$

(150)

*

$

291,858

Amortization and depreciation

$

148,960

$

(137,932)

*

$

11,028

Total Operating Expense

$

944,856

$

(138,082)

$

806,774

Income from continuing operations before income taxes

$

44,531

$

138,082

$

182,613

Net Income/(Loss)

$

(20,405)

$

138,082

$

117,677

Net Income/(Loss) attributable to common stockholders

$

(51,211)

$

138,082

$

86,871

 

Income from continuing operations

$

0.00

$

0.00

$

0.00

Net Income/(Loss) per common share - basic and diluted

$

(0.00)

$

0.00

$

0.00

 

June 30, 2020

(Unaudited)

As previously reported

Adjustment

As Restated

Statement of Changes in Stockholders’ Deficit

Additional Paid in Capital

$

15,866,718

$

(600,000)

$

15,266,718

Accumulated Deficit

$

(16,241,515)

$

138,082

$

(16,103,433)

Total Stockholders’ Deficit

$

(372,470)

$

(461,918)

$

(834,388)

Total Liabilities and Stockholders’ Deficit

$

758,976

$

(461,918)

$

297,058

 

June 30, 2020

(Unaudited)

As previously reported

Adjustment

As Restated

Statement of Cash Flow

Net Income/(Loss)

$

(20,405)

$

138,082

$

117,677

Amortization of ReadyMed software platform

$

138,082

$

(138,082)

$

-

 

Supplemental disclosures of non-cash investing and financing activities:

Common stock issued for ReadyMed platform

$

600,000

$

(600,000)

$

-

 

* Reclassification

Certain reclassifications have been made to the 2020 financial statement amounts and disclosures to conform to the 2021 presentation.