Freeze Tag, Inc. | 2013 | FY | 3


STATEMENT OF OPERATIONS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2011

 

   

2011

As Previously Reported

    Adjustments     As Restated  
Revenues   $ 732,591     $ 29,860     $ 762,451  
                         
Costs and Expenses:                        
Cost of Sales - Product Development     276,320       -       276,320  
Cost of Sales - Licensing     96,344       -       96,344  
General & Administrative     505,775       -       505,775  
Sales & Marketing     11,930       -       11,930  
Amortization & Depreciation     50,928       -       50,928  
Total Expense     941,297       -       941,297  
Net Ordinary Income/Loss     (208,706 )     29,860       (178,846 )
Interest Income/(Expense), net     (18,551 )     -       (18,551 )
Net Income/(Loss) before taxes     (227,257 )     29,860       (197,397 )
Income Tax Expense     2,926       -       2,926  
Net Income/Loss   $ (230,183 )   $ 29,860     $ (200,323 )
                         
Weighted number of common shares outstanding-basic and fully diluted     39,082,041               39,082,041  
Income/ (Loss) per share-basic and fully diluted   $ (0.01 )           $ (0.01 )

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