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Posted On: 05/05/2018 11:31:41 PM
Post# of 913
INTRODUCTION
On February 3, 2018, we changed our fiscal year end from March 31, to December 31. This transition report on Form 10-K covers the nine-month period from April 1, 2017, through December 31, 2017 (the “Transition Period”), and reflects our financial results thereof. The balance sheets as of December 31, 2017, and March 31, 2017, are audited. The statement of operations for the nine months ended December 31, 2016, are unaudited and presented solely for the purpose of providing meaningful comparisons with the audited nine-month period ended December 31, 2017. The statement of operations, stockholder’s equity and cash flow for the fiscal year ended March 31, 2017, reflect financial results for the twelve-month period from April 1, 2016, to March 31, 2017.
Revenue
For the nine months ended December 31, 2017, the Company had revenues of $64,897 compared to $203,054 for the nine months ended December 31, 2016. The 2017 revenues were related parties and included the sale of licensed software, hosting and support as well as the installation. The 2016 period included related party revenue of $145,362 for sales to a company that, at the time, was a significant shareholder of the Company and revenues of $23,625 were recorded in barter transactions in exchange for advertising and promotional expenses.
read in full
https://www.sec.gov/Archives/edgar/data/14495...k_10kt.htm
On February 3, 2018, we changed our fiscal year end from March 31, to December 31. This transition report on Form 10-K covers the nine-month period from April 1, 2017, through December 31, 2017 (the “Transition Period”), and reflects our financial results thereof. The balance sheets as of December 31, 2017, and March 31, 2017, are audited. The statement of operations for the nine months ended December 31, 2016, are unaudited and presented solely for the purpose of providing meaningful comparisons with the audited nine-month period ended December 31, 2017. The statement of operations, stockholder’s equity and cash flow for the fiscal year ended March 31, 2017, reflect financial results for the twelve-month period from April 1, 2016, to March 31, 2017.
Revenue
For the nine months ended December 31, 2017, the Company had revenues of $64,897 compared to $203,054 for the nine months ended December 31, 2016. The 2017 revenues were related parties and included the sale of licensed software, hosting and support as well as the installation. The 2016 period included related party revenue of $145,362 for sales to a company that, at the time, was a significant shareholder of the Company and revenues of $23,625 were recorded in barter transactions in exchange for advertising and promotional expenses.
read in full
https://www.sec.gov/Archives/edgar/data/14495...k_10kt.htm
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