Restated Financial Statements (Tables)

9 Months Ended

Sep. 30, 2015

The following are previously recorded and restated balances as of December 31, 2014, for the year ended December 31, 2014.

MIND SOLUTIONS, INC.

BALANCE SHEET

(A Development Stage Company)

	December 31, 2014
	Originally
	Reported			Restated			Difference
Cash	$	113,199		$	113,199		$	—
Prepaid expenses		46,020			2,414,376			2,368,356
Total Current Assets		159,219			2,527,575			2,368,356

Fixed Assets
Property and equipment, net		2,777			2,777			—
Total Fixed Assets		2,777			2,777			—

Other Assets
Available-for-sale securities		3,958			3,958			—
Total Other Assets		3,958			3,958			—

Total Assets	$	165,954		$	2,534,310		$	2,368,356

Liabilities and Stockholders' Equity:
Current Liabilities
Accounts payable & accrued expenses	$	389,165		$	389,165		$	—
Accounts payable to related parties		3,500			3,500			—
Accrued interest		342,647			342,647			—
Notes payable		145,000			145,000			—
Convertible notes payable, net of discounts		451,728			69,339			(382,389	)
Derivative Liability		1,767,223			714,633			(1,052,590	)
Total Liabilities		3,099,263			1,664,284			(1,434,979	)

Stockholders' Equity:
Preferred stock, Series A, par value $0.001, 10,000,000,000 shares authorized, 10,000,000 shares issued and outstanding		10,000			10,000			—
Common stock, par value $0.0015,000,000,000 shares authorized, 1,388,783,762 shares issued and outstanding,		1,388,784			1,388,784			—
Additional paid in capital		16,949,368			20,339,368			3,390,000
Stock subscription payable		36,605			36,605			—
Accumulated Comprehensive Loss		(426,042	)		—			426,042
Deficit accumulated		(20,892,024	)		(20,904,731	)		(12,707	)
Total stockholders' equity (deficit)		(2,933,309	)		870,026			3,803,335

Total Liabilities and Stockholders' Equity	$	165,954		$	2,534,310		$	2,368,356

Mind Solutions Inc. 10-Q