CAM Group, Inc. announced that reported restatement of consolidated revenue results for the year ended December 31, 2013. For the year, the company's restated revenues - sales of fertilizer of $19,915,541 compared to $19,060 as previously reported. On April 14, 2015, in connection with the audit of the financial statements for CAM Group, Inc. for the fiscal year ended December 31, 2014, management of the company conducted analysis of the company's revenue recognition for sales of fertilizer to determine if the net basis is appropriate to recognize revenues generated in such transaction.

Given that the company had credit risk in the transaction and had been responsible for the acceptability of the fertilizer purchased by the customers, the company believed it would be appropriate to change the revenues recognition from net basis to gross basis. In addition, certain SG&A expense in 2013 have been reclassified to conform to current period presentation. The effect is due to the recognition of revenues in gross basis.