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EXCEL - IDEA: XBRL DOCUMENT - VIPER POWERSPORTS INCFinancial_Report.xls
XML - IDEA: XBRL DOCUMENT - VIPER POWERSPORTS INCR9.htm
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EX-31.1 - EXHIBIT 31.1 - VIPER POWERSPORTS INCv327636_ex31-1.htm
EX-32.1 - EXHIBIT 32.1 - VIPER POWERSPORTS INCv327636_ex32-1.htm
10-Q/A - FORM 10-Q/A - VIPER POWERSPORTS INCv327636_10qa.htm
EX-31.2 - EXHIBIT 31.2 - VIPER POWERSPORTS INCv327636_ex31-2.htm
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Document and Entity Information
9 Months Ended
Sep. 30, 2011
Aug. 18, 2011
Entity Registrant Name VIPER POWERSPORTS INC  
Entity Central Index Key 0001337213  
Current Fiscal Year End Date --12-31  
Entity Filer Category Smaller Reporting Company  
Trading Symbol vpwi  
Entity Common Stock, Shares Outstanding   19,111,724
Document Type 10-Q  
Amendment Flag true  
Amendment Description The Company is filing the Amended 10-Q for the period ended September 30, 2011. The amended 10-Q/A addresses the following items; 1) Derivative Liability - The Company reevaluated the classification of its warrants based on ASC 815-40-25-7 through 815-40-25-35 through a review with the Office of the Chief Accountant with the U.S. Securities & Exchange Commission. The Office did not object to the classification of the warrants as equity rather than a liability. Accordingly, the Company is amending the September 30, 2011 and 2010 10-Q/A to reflect the classification in permanent equity. 2) Error correction for reclassification of loans and warrants The Company is filing the Amended 10-Q for the period ended September 30, 2010. The amended 10-Q addresses the following items; 1) Derivative Liability - The Company reevaluated the classification of its warrants based on ASC 815-40-25-7 through 815-40-25-35 through a review with the Office of the Chief Accountant with the U.S. Securities & Exchange Commission. The Office did not object to the classification of the warrants as equity rather than a liability. Accordingly, the Company is amending the September 30, 2011 and 2010 10-Q/A to reflect the classification in permanent equity. 2) Accounts Payables restatement - In reviewing the beginning balances of Accounts Payable, the Company discovered that errors were recorded during the prior years. The Company is making a prior period adjustment to retained earnings to correct these entries. In addition, an adjustment to the ending Accounts Payable accrual is made to correct entries made during 2010.  
Document Period End Date Sep. 30, 2011  
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2011