Schedule of Reclassifications |
Schedule of Reclassifications |
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Before Reclassification |
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After Reclassification |
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For the Three Months Ended |
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For the Three Months Ended |
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June 30, |
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June 30, |
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2020 |
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2020 |
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REVENUES: |
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REVENUES: |
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Technology systems |
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$ |
1,419,409 |
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Technology systems |
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$ |
1,597,633 |
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Technical support |
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382,124 |
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Services and consulting |
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384,509 |
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Consulting services |
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2,385 |
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— |
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— |
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AI technologies |
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178,224 |
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— |
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— |
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Total Revenue |
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1,982,142 |
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Total Revenue |
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1,982,142 |
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COST OF REVENUES: |
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COST OF REVENUES: |
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Technology systems |
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897,514 |
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Technology systems |
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1,322,032 |
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Technical support |
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234,754 |
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Services and consulting |
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214,244 |
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Consulting services |
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— |
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Overhead |
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258,403 |
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AI technologies |
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110,499 |
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— |
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Total Cost of Revenues |
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1,242,767 |
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Total Cost of Revenues |
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1,794,679 |
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GROSS MARGIN |
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739,375 |
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GROSS MARGIN |
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187,463 |
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OPERATING EXPENSES: |
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OPERATING EXPENSES: |
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Sales and marketing |
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122,473 |
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Sales and marketing |
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122,473 |
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Engineering |
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352,970 |
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Research and development |
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149,566 |
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Research and development |
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149,566 |
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Administration |
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1,342,480 |
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Administration |
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1,023,947 |
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— |
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— |
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AI technologies |
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517,475 |
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— |
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— |
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Total Operating Expenses |
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2,166,431 |
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Total Operating Expenses |
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1,614,519 |
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LOSS FROM OPERATIONS |
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$ |
(1,427,056 |
) |
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LOSS FROM OPERATIONS |
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$ |
(1,427,056 |
) |
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