InterCloud Systems Inc. (ICLD)

[Myfunzalo]

Looks pretty obvious to me they didn't make what they said they made Q1 unless you are seeing something differently.

Impact on Financial Statements

The errors identified above had the following impact on the Company’s consolidated financial statements and related footnote disclosures for the three-month period ended March 31, 2018 included in the Original Filing:

(1) The error related to the fair value of the derivative related to a note receivable at the date of issuance resulted in an overstatement of notes receivable in the amount of $2.1 million, an overstatement of $0.3 million of gain on discontinued operations, net of tax, and an overstatement of gain on fair value of change of derivative in the amount of $1.8 million for the first quarter of 2018.

(2) The error related to the fair value of a derivative related to a note receivable at March 31, 2018 resulted in an overstatement of notes receivable of $0.3 million as of March 31, 2018 and an overstatement of gain on change in fair value of derivative of $0.3 million for the period ended March 31, 2018.