Quarterly report pursuant to sections 13 or 15(d)

Document and Entity Information

v2.4.0.8
Document and Entity Information
9 Months Ended
Sep. 30, 2013
Nov. 15, 2013
Line of credit repayments    
Entity Registrant Name Windstream Technologies, Inc.  
Entity Central Index Key 0001439133  
Document Type 10-Q  
Document Period End Date Sep. 30, 2013  
Amendment Flag true  
Amendment Description

In connection with the audit of the Company’s financial statements for the fiscal year ended December 31, 2013, management of the Company conducted analysis of the Company’s equity transactions to determine if all of the transactions were recognized. As a result of the analysis, the Company determined that certain equity transactions were not recognized as of and for the period ended September 30, 2013.

 

On or about July 22, 2013, the Company issued a total of 1,100,000 warrants. The Company determined the fair value of the warrants as of the date of issuance was approximately $54,000 using the Black Scholes option value pricing model.

 

On or about July 29, 2013, the Company issued a total of 4,820,000 options. The Company determined the fair value of the options as of the date of issuance was approximately $240,000 using the Black Scholes option value pricing model.

 

On April 4, 2014, as a result of the analysis, management and the Board of Directors concluded that it was necessary to restate its previously filed condensed consolidated financial statements in the quarterly report Form 10Q for the period ended September 30, 2013, filed on November 18, 2013. The restatements are required to properly reflect the Company’s condensed consolidated financial results for the period mentioned above. As a result, the condensed consolidated financial statements included in the originally filed Form 10Q should no longer be relied upon.

 

As a result of the restatement, the changes have been made to the attached condensed consolidated financial statements included in this amended Form 10Q as of September 30, 2013. The effect is due to the recognition of the issuance of the warrants and options on the date of grant.

 
Current Fiscal Year End Date --12-31  
Entity Current Reporting Status No  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   80,521,899
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2013