INVESTOR INFORMATION

Key Financials

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ANNUAL RESULTS

YTD RESULTS

QUARTERLY RESULTS

PROFITABILITY RATIOS:

FYE AUG 2016

FYE AUG 2015

NINE MONTHS ENDED MAY 17

NINE MONTHS ENDED MAY 16

THREE MONTHS ENDED MAY 17

THREE MONTHS ENDED MAY 16

GROSS BILLINGS (REVENUE) & NET REVENUE:

 

$ 50,672,129

 

$ 77,661

 

$ 93,252,371

 

$ 15,605,125

 

$ 27,456,730

 

$ 13,324,855

GROSS BILLINGS (REVENUE)

NET REVENUE

$ 8,460,653

$ 17,705

$ 15,718,780

$ 2,574,846

$ 4,628,362

$ 2,198,601

GROSS PROFIT & GROSS MARGIN:

 

 

 

 

 

 

GROSS PROFIT

$ 1,516,429

$ 6,049

$ 4,756,786

$ 1,168,102

$ 878,013

$ 975,690

GROSS MARGIN

(Gross Profit/Gross Billings)

3.0%

7.8%

5.1%

7.5%

3.2%

7.3%

PROFIT & LOSS RATIOS:

 

 

 

 

 

 

NET INCOME (LOSS)

(Net Profit/Net Income)

$ (1,854,556)

$ (53,681)

$ (2,470,048)

$ (150,655)

$ (2,709,672)

$ 49,756

OPERATING MARGIN

(Net Income/Gross Billings/Revenue)

-3.7%

-69.1%

-2.6%

-1.0%

-9.9%

0.4%

NET INCOME (LOSS) PER SHARE

(Net Income/Share)

$ (0.07)

$ (0.00)

$ (0.09)

$ (0.01)

$ (0.10)

$ 0.00

 

 

 

 

 

 

 

 

ANNUAL RESULTS

YTD RESULTS

 

 

 

BALANCE SHEET RATIOS:

FYE AUG 2016

FYE AUG 2015

NINE MONTHS

ENDED MAY 17

 

CURRENT RATIO

(Current Assets/Current Liabilities)

0.80

6.49

0.51

WORKING CAPITAL FUNDS

(Current Assets Less Current Liabilities)

$ (328,983)

$ 101,319

$ (1,037,326)

LEVERAGE RATIO

(Total Liabilities/Total Assets)

0.93

0.15

1.43

DEBT-TO-EQUITY RATIO

(Total Liabilities / Total Shareholders Funds)

13.43

0.18

(3.33)

 

 

ANNUAL RESULTS

YTD RESULTS

 

 

BALANCE SHEET RATIOS:

 

FYE AUG 2016

 

FYE AUG 2015

NINE MONTHS ENDED MAY 17

CURRENT RATIO

(Current Assets/Current Liabilities)

0.80

6.49

0.51

WORKING CAPITAL FUNDS

(Current Assets Less Current Liabilities)

$ (328,983)

$ 101,319

$ (1,037,326)

LEVERAGE RATIO

(Total Liabilities/Total Assets)

0.93

0.15

1.43

DEBT-TO-EQUITY RATIO

(Total Liabilities / Total Shareholders Funds)

13.43

0.18

(3.33)

 

 

 

ANNUAL RESULTS

YTD RESULTS

 

FYE AUG 2016

FYE AUG 2015

NINE MONTHS ENDED MAY 17

 

ASSETS

 

 

 

CURRENT ASSETS

 

 

 

CASH

$ 868,532

$ 103,650

$ 511,267

ACCOUNTS RECEIVABLE

$ 56,438

$ -

$ 155,995

PREPAID EXPENSES

$ 342,996

$ 16,129

$ 404,820

OTHER CURRENT ASSETS

$ 73,482

$ -

$ 17,470

TOTAL CURRENT ASSETS

$ 1,341,448

$ 119,779

$ 1,089,552

 

FIXED ASSETS

 

 

 

FIXED ASSETS, NET

$ 348,773

$ -

$ 304,413

DEPOSITS AND OTHER ASSETS

$ 104,613

$ -

$ 93,483

TOTAL FIXED ASSETS

$ 453,386

$ -

$ 397,896

 

TOTAL ASSETS

$ 1,794,834

$ 119,779

$ 1,487,448

 

 

LIABILITIES

 

 

 

CURRENT LIABILITIES

 

 

 

ACCOUNTS PAYABLE

$ 826,447

$ 18,460

$ 578,105

PAYROLL RELATED LIABILITIES

$ 722,715

$ -

$ 1,178,545

OTHER CURRENT LIABILITIES

$ 121,269

$ -

$ 370,228

TOTAL CURRENT LIABILITIES

$ 1,670,431

$ 18,460

$ 2,126,878

 

LONG-TERM LIABILITIES

 

 

 

OTHER

$ -

$ -

$ -

TOTAL LONG-TERM LOANS

$ -

$ -

$ -

 

TOTAL LIABILITIES

$ 1,670,431

$ 18,460

$ 2,126,878

 

 

NET ASSETS

(Assets Less Liabilities - Should Equal Total Shareholders

Funds)

 

$ 124,403

 

$ 101,319

 

$ (639,430)

 

 

SHAREHOLDER FUNDS (EQUITY)

 

 

 

COMMON STOCK (PAR VALUE)

$ 2,622

$ 2,528

$ 2,664

ADDITIONAL PAID-IN CAPITAL

$ 2,030,018

$ 152,472

$ 3,735,891

ACCUMULATED DEFICIT

$ (1,908,237)

$ (53,681)

$ (4,378,285)

 

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

$ 1,794,834

$ 119,779

$ 1,487,148

 

 

ANNUAL RESULTS

YTD RESULTS

QUARTERLY RESULTS

 

INCOME STATEMENT HIGHLIGHTS:

FYE AUG 2016

FYE AUG 2015

NINE MONTHS ENDED MAY 17

NINE MONTHS ENDED MAY 16

THREE MONTHS ENDED MAY 17

THREE MONTHS ENDED MAY 16

 

GROSS BILLINGS (REVENUE) & NET REVENUE

 

$ 50,672,129

 

$ 77,661

 

$ 93,252,371

 

$ 15,605,125

 

$ 27,456,730

 

$ 13,324,855

 

GROSS BILLINGS (REVENUE)

 

NET REVENUE

$ 8,460,653

$ 17,705

$ 15,718,780

$ 2,574,846

$ 4,628,362

$ 2,198,601

 

GROSS PROFIT & GROSS MARGIN

 

 

 

 

 

 

 

GROSS PROFIT

$ 1,516,429

$ 6,049

$ 4,756,786

$ 1,168,102

$ 878,013

$ 975,690

 

GROSS MARGIN

(Gross Profit/Gross Billings)

3.0%

7.8%

5.1%

7.5%

3.2%

7.3%

 

PROFIT & LOSS RATIOS

 

 

 

 

 

 

 

NET INCOME (LOSS)

(Net Profit/Net Income)

$ (1,854,556)

$ (53,681)

$ (2,470,048)

$ (150,655)

$ (2,709,672)

$ 49,756

 

NET INCOME (LOSS) PER SHARE

(Net Income/Share)

$ (0.07)

$ (0.00)

$ (0.09)

$ (0.01)

$ (0.10)

$ 0.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME STATEMENT DETAILS:

FYE AUG 2016

FYE AUG 2015

NINE MONTHS ENDED MAY 17

NINE MONTHS ENDED MAY 16

THREE MONTHS ENDED MAY 17

THREE MONTHS ENDED MAY 16

 

GROSS BILLINGS (REVENUE)

 

 

 

 

 

 

 

GROSS BILLINGS (REVENUE)

$ 50,672,129

$ 77,661

$ 93,252,371

$ 15,605,125

$ 27,456,730

$ 13,324,855

 

ADJUSTMENTS TO GROSS BILLINGS (REVENUE)

 

 

 

 

 

 

 

TOTAL ADJUSTMENTS TO GROSS BILLINGS (REVENUE)

$ 42,211,476

$ 59,956

$ 77,533,591

$ 13,030,279

$ 22,828,368

$ 11,126,254

 

NET REVENUE

 

 

 

 

 

 

 

TOTAL NET REVENUE

$ 8,460,653

$ 17,705

$ 15,718,780

$ 2,574,846

$ 4,628,362

$ 2,198,601

 

COST OF REVENUE

 

 

 

 

 

 

 

SUBTOTAL COST OF REVENUE

$ 6,944,224

$ 11,656

$ 10,961,994

$ 1,406,744

$ 3,750,349

$ 1,222,911

 

GROSS PROFIT

 

 

 

 

 

 

 

GROSS PROFIT

$ 1,516,429

$ 6,049

$ 4,756,786

$ 1,168,102

$ 878,013

$ 975,690

 

 

OPERATING EXPENSES

 

 

 

 

 

 

 

TOTAL OPERATING EXPENSES

$ 3,370,985

$ 59,730

$ 7,226,834

$ 1,318,757

$ 3,587,685

$ 925,934

 

 

NET INCOME (LOSS)

$ (1,854,556)

$ (53,681)

$ (2,470,048)

$ (150,655)

$ (2,709,672)

$ 49,756

 

 

 

 

 

 

 

 

 

NET INCOME (LOSS) PER SHARE

 

 

 

 

 

 

 

BASIC

$ (0.07)

$ (0.00)

$ (0.09)

$ (0.01)

$ (0.10)

$ 0.00

 

WEIGHTED AVERAGE NUMBER OF COMMON SHARES USED IN PER SHARE COMPUTATION

 

 

 

 

 

 

 

BASIC

25,630,874

24,110,852

26,337,976

25,436,894

26,555,706

25,653,731

 

 

ANNUAL RESULTS

YTD RESULTS

 

STATEMENT OF CASH FLOWS:

 

FYE AUG 2016

 

FYE AUG 2015

NINE MONTHS ENDED MAY 2017

NINE MONTHS ENDED MAY 2016

NET INCOME (LOSS)

$ (1,854,556)

$ (53,681)

$ (2,470,048)

$ (150,655)

ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO NET CASH USED IN OPERATIONS:

 

 

 

 

DEPRECIATION AND AMORTIZATION

$ 23,222

$ -

$ 49,021

$ 12,620

STOCK BASED COMPENSATION

$ -

$ -

$ 328,415

$ -

 

CHANGES IN OPERATING ASSETS AND LIABILITIES

 

$ (56,438)

 

 

 

ACCOUNTS RECEIVABLE

$ -

$ (99,557)

$ (93,477)

PREPAID EXPENSES AND OTHER CURRENT ASSETS

$ (400,349)

$ (16,129)

$ (5,812)

$ (307,639)

OTHER ASSETS

$ (104,613)

$ 18,460

$ 11,430

$ (117,107)

ACCOUNTS PAYABLE

$ 807,987

$ -

$ (248,342)

$ 360,863

PAYROLL RELATED LIABILITIES

$ 722,715

$ -

$ 455,830

$ 549,305

OTHER CURRENT LIABILITIES

$ 121,269

$ -

$ 248,959

 

NET CASH FLOW FROM OPERATIONS

$ (740,763)

$ (51,350)

$ (1,730,104)

$ 253,910

 

INVESTING ACTIVITIES

 

 

 

 

PURCHASE OF FIXED ASSETS

$ (371,995)

$ -

$ (4,661)

$ (270,186)

NET CASH FLOW FROM INVESTING ACTIVITIES

$ (371,995)

$ -

$ (4,661)

$ (270,186)

 

FINANCING ACTIVITIES

 

 

 

 

PROCEEDS FROM THE ISSUANCE OF COMMON STOCK WITH

WARRANTS

$ 1,872,600

$ 155,000

$ 1,377,500

$ 1,767,641

PROCEEDS FROM THE ISSUANCE OF STOCK SUBSCRIPTION

RECEIVABLE

$ 5,040

$ -

$ -

$ -

NET CASH FLOW FROM FINANCING ACTIVITIES

$ 1,877,640

$ 155,000

$ 1,377,500

$ 1,767,641

NET INCREASE IN CASH

$ 764,882

$ 103,650

$ (357,265)

$ 1,751,365

 

CASH AT BEGINNING OF PERIOD

$ 103,650

$ -

$ 868,532

$ 103,650

 

CASH AT END OF PERIOD

$ 868,532

$ 103,650

$ 511,267

$ 1,855,015