Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Principles of Consolidation (Tables)

v3.20.1
Basis of Presentation and Principles of Consolidation (Tables)
 9 Months Ended
Mar. 31, 2020
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 Nine Months Ended  
    March 31, 2019     March 31, 2019  
    Originally reported     Reclassified     Originally reported     Reclassified  
                         
REVENUES                                
License fees   $ 2,536,320     $ 2,536,320     $ 13,310,002     $ 13,310,002  
Maintenance fees     3,562,412       3,704,756       10,735,432       11,106,155  
Services     10,519,219       10,728,983       25,175,187       25,548,451  
Maintenance fees - related party     142,344       -       370,723       -  
Services - related party     366,760       156,996       934,883       561,619  
Total net revenues   $ 17,127,055     $ 17,127,055     $ 50,526,227     $ 50,526,227