Attached files
| file | filename |
|---|---|
| 8-K - 8-K CURRENT REPORT - SUNRISE REAL ESTATE GROUP INC | v321857_8k.htm |
| EX-7.1 - EXHIBIT 7.1 - SUNRISE REAL ESTATE GROUP INC | v321857_ex7-1.htm |
Exhibit 99.1
Financial Statement Adjustment Summary
| Entries Affected | Previously Reported | Adjustment | After Adjustment | |
| Balance Sheets | Deposits received from underwriting sales | 2,888,194 | 203,422 | 3,091,616 |
| Total liabilities | 25,258,982 | 203,422 | 25,462,404 | |
| Accumulated losses | (10,208,331) | (198,467) | (10,406,798) | |
| Accumulated other comprehensive income | 494,414 | (4,955) | 489,459 | |
| Total shareholders’ deficit | (3,088,299) | (203,422) | (3,291,721) | |
| Statements of Operations | Net Revenues | 9,278,031 | (305,495) | 8,972,536 |
| Cost of Revenues | (6,338,290) | 107,028 | (6,231,262) | |
| Gross Profit | 2,939,741 | (198,467) | 2,741,274 | |
| Net Loss | (1,218,355) | (198,467) | (1,416,822) | |
| Cash Flows | Net Loss | (1,218,355) | (198,467) | (1,416,822) |
| Deposit from underwriting sales | (725,033) | 198,468 | (526,565) | |
| Net cash used in operating activities | (4,875,741) | 1 | (4,875,740) | |
| Effect of exchange rate changes on cash and cash equivalents | 61,380 | 1 | 61,381 |