Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Principles of Consolidation (Tables)

v3.19.3
Basis of Presentation and Principles of Consolidation (Tables)
3 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Reclassified Net Revenues

For comparative purposes, prior year’s condensed consolidated financial statements have been reclassified to conform to report classifications of the current period. Below is the table of reclassified amounts:

 

    For the Three Months Ended  
    September 30, 2018  
    Originally reported     Reclassified  
             
REVENUES                
License fees   $ 5,956,113     $ 5,956,113  
Maintenance fees     3,638,327       3,739,676  
Services     6,418,634       6,470,625  
Maintenance fees - related party     101,349       -  
Services - related party     282,122       230,131  
Total net revenues   $ 16,396,545     $ 16,396,545