Quarterly report pursuant to Section 13 or 15(d)

Revisions of Previously Issued Financial Statements (Tables)

v3.19.3.a.u2
Revisions of Previously Issued Financial Statements (Tables)
6 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of reclassifications
    Year ended June 30, 2018  
    As reported     Adjustment     As revised  
Consolidated Balance Sheet                  
Total assets   $ 3,017,731     $ (223,766 )   $ 2,793,965  
Total liabilities     1,393,902       -       1,393,902  
Total stockholders' equity     1,623,829       (223,766 )     1,400,063  
Net loss     (1,623,182 )     (72,501 )     (1,695,683 )
Net loss per share     (0.30 )             (0.31 )

 

    Three months ended September 30, 2018  
    As reported     Adjustment     As revised  
Condensed Consolidated Balance Sheet                  
Total assets     12,090,810       (296,267 )     11,794,543  
Total liabilities     2,090,163       -       2,090,163  
Total stockholders' equity     10,000,647       (296,267 )     9,704,380  
                         
Condensed Consolidated Statements of Operations                        
Total revenue     2,371,900       (72,501 )     2,299,399  
Cost of revenue     956,123       107,012       1,063,135  
Gross profit     1,415,777       (179,513 )     1,236,264  
Operating expenses     3,055,976       (107,012 )     2,948,964  
Net loss     (1,623,182 )     (72,501 )     (1,695,683 )
Net loss per share     (0.30 )             (0.31 )

  

    Three months ended December 31, 2018  
    As reported     Adjustment     As revised  
Condensed Consolidated Balance Sheet                  
Total assets     9,836,178       (320,434 )     9,515,744  
Total liabilities     2,205,735       -       2,205,735  
Total stockholders' equity     7,630,443       (320,434 )     7,310,009  
                         
Condensed Consolidated Statements of Operations                        
Total revenue     2,598,079       (24,167 )     2,573,912  
Cost of revenue     1,198,911       122,084       1,320,995  
Gross profit     1,399,168       (146,251 )     1,252,917  
Operating expenses     3,826,539       (122,084 )     3,704,455  
Net loss     (2,370,204 )     (24,167 )     (2,394,371 )
Net loss per share     (0.39 )             (0.40 )

 

    Three months ended March 31, 2019  
    As reported     Adjustment     As revised  
Condensed Consolidated Balance Sheet                  
Total assets     8,199,718       (320,434 )     7,879,284  
Total liabilities     3,059,378       -       3,059,378  
Total stockholders' equity     5,140,340       (320,434 )     4,819,906  
                         
Condensed Consolidated Statements of Operations                        
Total revenue     2,327,880       -       2,327,880  
Cost of revenue     1,042,403       124,079       1,166,482  
Gross profit     1,285,477       (124,079 )     1,161,398  
Operating expenses     3,788,644       (124,079 )     3,664,565  
Net loss     (2,490,103 )     -       (2,490,103 )
Net loss per share     (0.41 )             (0.41 )

 

    Three months ended June 30, 2019  
    As reported     Adjustment     As revised  
Consolidated Balance Sheet                  
Total assets     24,522,671       (320,434 )     24,202,237  
Total liabilities     2,442,503       -       2,442,503  
Total stockholders' equity     22,080,168       (320,434 )     21,759,734  
                         
Consolidated Statements of Operations                        
Total revenue     10,919,785       (96,668 )     10,823,117  
Cost of revenue     4,633,844       -       4,633,844  
Gross profit     6,285,941       (96,668 )     6,189,273  
Operating expenses     18,701,619       -       18,701,619  
Net loss     (12,306,547 )     (96,668 )     (12,403,215 )
Net loss per share     (2.04 )             (2.05 )