General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Operations

v3.20.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Revenues    
Software $ 9,976,580 $ 8,256,492
Consulting 2,379,947 2,307,129
Other 216,749 259,496
Total revenues 12,573,276 10,823,117
Cost of revenues 6,209,724 4,633,844
Gross profit 6,363,552 6,189,273
Operating expenses    
Product development 3,206,310 5,565,097
Sales and marketing 7,792,480 7,498,114
General and administrative 11,320,715 5,638,408
Depreciation and amortization 1,315,898
Total operating expenses 23,635,403 18,701,619
Loss from operations (17,271,851) (12,512,346)
Other income (expense)    
Interest income (expense) net 156,678 91,239
Change in fair value of Convertible Notes 766,000
Other (254) 17,892
Total other income (expense) 922,424 109,131
Net loss before income tax expense (16,349,427) (12,403,215)
Income tax expense (30,985)
Equity in losses of investee (3,692)
Net loss (16,384,104) (12,403,215)
Net loss attributable to noncontrolling interest in consolidated subsidiary 849,759
Net Loss attributable to Akerna shareholders $ (15,534,345) $ (12,403,215)
Basic and diluted weighted average common shares outstanding 11,860,212 6,045,382
Basic and diluted net loss per common share $ (1.31) $ (2.05)