Schedule of revision on line items in financial statements |
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For the three months ended February 29, 2020
(Unaudited)
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As
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Discontinued
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As
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Previously
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Revision
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Operations
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Restated and
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Reported
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Adjustments
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As Restated
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Reclassification
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Reclassified
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Revenues
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$
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2,583,000
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$
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—
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$
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2,583,000
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$
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(576,000)
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$
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2,007,000
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—
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Cost of revenue
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2,124,000
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$
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—
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2,124,000
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(191,000)
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1,933,000
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Gross profit
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$
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459,000
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$
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—
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$
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459,000
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$
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(385,000)
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$
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74,000
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Operating Expenses
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Depreciation and amortization
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239,000
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(162,000)
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77,000
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—
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77,000
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All other operating expenses
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$
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4,211,000
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$
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—
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$
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4,211,000
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$
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6,000
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$
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4,217,000
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Operating loss
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$
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(3,991,000)
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$
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162,000
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$
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(3,829,000)
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$
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(391,000)
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$
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(4,220,000)
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Net loss from continuing operations
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$
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(4,453,000)
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$
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162,000
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$
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(4,291,000)
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$
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(391,000)
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$
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(4,682,000)
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Total income from discontinued operations
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$
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13,898,000
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$
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—
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$
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13,898,000
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$
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391,000
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$
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14,289,000
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Net loss
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$
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9,445,000
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$
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162,000
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$
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9,607,000
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$
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—
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$
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9,607,000
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Net loss per common share - continuing operations, Basic and diluted
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$
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(0.26)
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$
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0.01
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$
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(0.25)
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$
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(0.02)
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$
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(0.27)
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Discontinued operations Operating income (loss) per common share
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$
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0.82
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$
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—
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$
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0.82
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$
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0.02
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$
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0.84
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Net income (loss) per common share, Basic and diluted
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$
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0.56
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$
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0.01
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$
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0.57
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$
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—
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$
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0.57
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Weighted average number of common stock shares, Basic and diluted
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16,971,339
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—
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16,971,339
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—
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16,971,339
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For the six months ended February 29, 2020
(Unaudited)
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As
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Discontinued
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As
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Previously
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Revision
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Operations
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Restated and
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|
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Reported
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Adjustments
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As Restated
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Reclassification
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Reclassified
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Revenues
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$
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4,761,000
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$
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—
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$
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4,761,000
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$
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(494,000)
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$
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4,267,000
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Cost of revenue
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4,178,000
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—
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4,178,000
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(227,000)
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3,951,000
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Gross profit
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$
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583,000
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$
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—
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$
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583,000
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$
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(267,000)
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$
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316,000
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Operating Expenses
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Depreciation and amortization
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480,000
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(324,000)
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156,000
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—
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156,000
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All other operating expenses
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$
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8,412,000
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$
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—
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$
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8,412,000
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$
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112,000
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$
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8,524,000
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Operating loss
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$
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(8,309,000)
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$
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324,000
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$
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(7,985,000)
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$
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(379,000)
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$
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(8,364,000)
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Net loss from continuing operations
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$
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(8,990,000)
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$
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324,000
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$
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(8,666,000)
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$
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(379,000)
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$
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(9,045,000)
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Total income from discontinued operations
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$
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15,879,000
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$
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—
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$
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15,879,000
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$
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379,000
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$
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16,258,000
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Net loss
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$
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6,889,000
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$
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324,000
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$
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7,213,000
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$
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—
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$
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7,213,000
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Net loss per common share - continuing operations, Basic and diluted
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$
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(1.01)
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$
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0.04
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$
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(0.97)
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$
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(0.04)
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$
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(1.01)
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Discontinued operations Operating income (loss) per common share
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$
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1.78
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$
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—
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$
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1.78
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$
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0.04
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$
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1.82
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Net income (loss) per common share, Basic and diluted
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$
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0.77
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$
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0.04
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$
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0.81
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$
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—
|
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$
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0.81
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Weighted average number of common stock shares, Basic and diluted
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8,932,217
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—
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8,932,217
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—
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8,932,217
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