Quarterly report pursuant to Section 13 or 15(d)

Restatement of the Consolidated Financial Statements (Tables)

v3.10.0.1
Restatement of the Consolidated Financial Statements (Tables)
6 Months Ended
Jun. 30, 2018
Restatement Of Consolidated Financial Statements  
Restatement of the Consolidated Financial Statements

The effects of the adjustments on the Company’s previously issued unaudited financial statements are summarized as follows:

 

Selected Unaudited Consolidated Balance Sheets Information as of June 30, 2018

 

    Previously              
    Reported     Net Change     Restated  
                   
Common stock     43,668       417       44,085  
Additional paid-in capital     44,756,665       2,152,333       46,908,998  
Retained deficit     (35,922,101 )     (2,152,750 )     (38,074,851 )

 

Selected Unaudited Consolidated Statements of Operations for the three months ended June 30, 2018

 

    Three months ended June 30, 2018  
    Previously              
    Reported     Net Change     Restated  
                   
Stock based compensation-consulting fee     2,750       2,152,750       2,155,500  
Loss from operations     (1,503,488 )     (2,152,750 )     (3,656,238 )
Loss from operations before provision for income taxes     (1,494,903 )     (2,152,750 )     (3,647,653 )
Net loss     (1,494,903 )     (2,152,750 )     (3,647,653 )
Net loss attributable to GSRX Industries Inc.     (1,330,951 )     (2,152,750 )     (3,483,701 )
Basic loss per share     (.03 )     (.05 )     (.08 )
Weighted average number of common shares outstanding     42,946,004       204,482       43,150,486  

 

Selected Unaudited Consolidated Statements of Operations for the six months ended June 30, 2018

 

    Six months ended June 30, 2018  
    Previously              
    Reported     Net Change     Restated  
                   
Stock based compensation-consulting fee     7,297,750       2,152,750       9,450,500  
Loss from operations     (10,012,196 )     (2,152,750 )     (12,164,946 )
Loss from operations before provision for income taxes     (10,003,611 )     (2,152,750 )     (12,156,361 )
Net loss     (10,003,611 )     (2,152,750 )     (12,156,361 )
Net loss attributable to GSRX Industries Inc.     (9,839,141 )     (2,152,750 )     (11,991,891 )
Basic loss per share     (.23 )     (.05 )     (.28 )
Weighted average number of common shares outstanding     42,143,764       102,807       42,246,571