Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Principles of Consolidation (Tables)

v3.19.3.a.u2
Basis of Presentation and Principles of Consolidation (Tables)
 6 Months Ended
Dec. 31, 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     For the Six Months Ended  
    December 31, 2018     December 31, 2018  
    Originally reported     Reclassified     Originally reported     Reclassified  
                         
REVENUES                                
License fees   $ 4,817,569     $ 4,817,569     $ 10,773,682     $ 10,773,682  
Maintenance fees     3,534,693       3,661,723       7,173,020       7,401,399  
Services     8,237,334       8,348,843       14,655,968       14,819,468  
Maintenance fees - related party     127,030       -       228,379       -  
Services - related party     286,001       174,492       568,123       404,623  
Total net revenues   $ 17,002,627     $ 17,002,627     $ 33,399,172     $ 33,399,172