Annual report pursuant to Section 13 and 15(d)

RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS (Tables)

v3.10.0.1
RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Changes and Error Corrections [Abstract]  
Consolidated Statements of Operations and Comprehensive Income (Loss)
The impacts of the $3.2 million adjustment to income tax benefit for 2017 is as follows:
 
Year Ended
 
December 31, 2017
 
As Reported
 
As Restated
Consolidated Statements of Operations and Comprehensive Income (Loss):
 
 
 
Income tax (benefit) expense
$
(2,024,130
)
 
$
(5,224,875
)
Net income (loss)
$
3,834,136

 
$
7,034,881

Comprehensive income (loss)
$
5,586,742

 
$
8,787,487

Basic net income (loss) per share
$
0.15

 
$
0.27

Diluted net income (loss) per share
$
0.15

 
$
0.27

Consolidated Balance Sheets
 
As of
 
December 31, 2017
 
As Reported
 
As Restated
Consolidated Balance Sheets:
 
 
Deferred tax liabilities
$
5,600,721

 
$
2,399,976

Total long-term liabilities
$
18,986,164

 
$
15,785,419

Total liabilities
$
45,304,958

 
$
42,104,213

Accumulated deficit
$
(181,568,757
)
 
$
(178,368,012
)
Total equity
$
71,093,218

 
$
74,293,963

Total liabilities and stockholders’ equity
$
116,398,176

 
$
116,398,176

Consolidated Statements of Cash Flows
 
Year Ended
 
December 31, 2017
Consolidated Statements of Cash Flows:
As Reported
 
As Restated
Net income (loss)
$
3,834,136

 
$
7,034,881

Deferred tax (benefit) expense
$
(2,267,404
)
 
$
(5,468,149
)