Quarterly report pursuant to Section 13 or 15(d)

Document and Entity Information

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Document and Entity Information - shares
9 Months Ended
Sep. 30, 2017
Nov. 10, 2017
Document And Entity Information [Abstract]    
Entity Registrant Name Akers Biosciences, Inc.  
Entity Central Index Key 0001321834  
Document Type 10-Q/A  
Document Period End Date Sep. 30, 2017  
Amendment Flag true  
Amendment Description

This Amendment No. 1 on Form 10-Q/A (this “Form 10-Q/A") amends and restates certain items noted below in the Quarterly Report on Form 10-Q of Akers Biosciences, Inc. (the “Company”) for the quarterly period ended September 30, 2017, as originally filed with the Securities and Exchange Commission on November 14, 2017 (the “Original Filing”). This Form 10-Q/A amends the Original Filing to reflect the correction of an error in the previously reported quarterly period ended September 30, 2017 financial statements related to the Company’s revenue and expense recognition. See Note 2 to the Condensed Consolidated Financial Statements included in Part I, Item 1, for additional information and a reconciliation of the previously reported amounts to the restated amounts.

 

For the convenience of the reader, this Form 10-Q/A sets forth the Original Filing, as amended, in its entirety; however, this Form 10-Q/A amends and restates only the following financial statements and disclosures that were impacted from the correction of the error:

 

Part I, Item 1 – Financial Statements
   
Part I, Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

Part I, Item 4 – Controls and Procedures

 

Part II, Item 1A – Risk Factors

 

Signatures

 

The Company’s Chief Executive Officer and Chief Financial Officer have provided new certifications dated as of the date of this filing in connection with this Form 10-Q/A (Exhibits 31.1, 31.2, 32.1 and 32.2), and the Company has provided its condensed consolidated financial statements formatted in Extensible Business Reporting Language (XBRL) in Exhibit 101.

 

Except as described above, no other changes have been made to the Original Filing. This Form 10-Q/A speaks as of the date of the Original Filing and does not reflect events that may have occurred after the date of the Original Filing, or modify or update any disclosures that may have been affected by subsequent events.

 

The Company is also concurrently filing an amended Quarterly Report on Form 10-Q for the three and six months ended June 30, 2017 and 2016 and an amended Annual Report for the years ended December 31, 2017 and 2016 to restate those previously issued financial statements.

 
Current Fiscal Year End Date --12-31  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   9,920,552
Trading symbol AKER  
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2017