During the quarter ended December 31, 2013, the Company corrected an accounting error related to revenue share expenses. The Company will accrue the expense for amounts due, versus when they are paid, for proper matching. The revenue share expense was not properly accrued at the end of 2012 or at the end of each 2013 quarter
The restated Consolidated Balance Sheet, Consolidated Statement of Operations and Consolidated Statement of Cash Flows for the year ended December 31, 2012 is as follows:
| Year ended December 31, 2012 | ||||||||||
| Financial Statement | Line Item | Corrected | Previously Stated | |||||||
| Balance sheet | Revenue share payable | $ | 90,577 | $ | 0 | |||||
| Income statement | Revenue share expense | $ | 115,360 | $ | 24,783 | |||||
| Income statement | Loss from operations | $ | (454,922 | ) | $ | (364,345 | ) | |||
| Income statement | Loss before provision for income taxes | $ | (454,553 | ) | $ | (363,976 | ) | |||
| Income statement | Net loss | $ | (454,553 | ) | $ | (363,976 | ) | |||
| Statement of cash flows | Net loss | $ | (454,553 | ) | $ | (363,976 | ) | |||
| Statement of cash flows | Increase in revenue share payable | $ | 90,577 | $ | 0 | |||||