General form of registration statement for all companies including face-amount certificate companies

Unaudited pro forma consolidated balance sheets

v3.8.0.1
Unaudited pro forma consolidated balance sheets - USD ($)
Mar. 31, 2017
Mar. 31, 2016
Current Assets:    
Cash and cash equivalents $ 9,425,699  
Inventory 49,534  
Prepaid expenses 125,714  
Deposits 688,651  
Total current assets 10,289,598  
Land  
Building  
Property and equipment, net 688,162  
Intangibles, net 117,854  
Other assets 10,715  
Total Assets 11,106,329  
Current Liabilities:    
Accounts payable and accrued expenses 1,271,794  
Contingent real estate liability  
Deferred revenue 30,500  
Total current liabilities 1,302,294  
Total Liabilities 1,302,294  
Commitments and contingencies  
Stockholders' Equity    
Preferred Stock, par value $0.001: 5,000,000 shares authorized; none issued and outstanding  
Common stock, $0.001 par value; 45,000,000 shares authorized; 18,105,349 shares issued and outstanding 18,105  
Additional paid in capital 23,993,581  
Accumulated deficit (14,207,651)  
Total Stockholders' Equity 9,804,035  
Total Liabilities and Stockholders' Equity 11,106,329  
Pro Forma Before Adjustments [Member]    
Current Assets:    
Cash and cash equivalents   $ 9,425,699
Inventory   49,534
Prepaid expenses   125,714
Deposits   688,651
Total current assets   10,289,598
Land  
Building  
Property and equipment, net   688,162
Intangibles, net   117,854
Other assets   10,715
Total Assets   11,106,329
Current Liabilities:    
Accounts payable and accrued expenses   1,271,794
Contingent real estate liability  
Deferred revenue   30,500
Total current liabilities   1,302,294
Total Liabilities   1,302,294
Stockholders' Equity    
Preferred Stock, par value $0.001: 5,000,000 shares authorized; none issued and outstanding  
Common stock, $0.001 par value; 45,000,000 shares authorized; 18,105,349 shares issued and outstanding   18,105
Additional paid in capital   23,993,581
Accumulated deficit   (14,207,651)
Total Stockholders' Equity   9,804,035
Total Liabilities and Stockholders' Equity   11,106,329
Pro Forma Adjustments [Member]    
Current Assets:    
Cash and cash equivalents [1]   (2,846,049)
Inventory [1]   96,049
Total current assets   (2,750,000)
Land [1]   1,000,000
Building [1]   3,000,000
Property and equipment, net [1]   2,124,650
Intangibles, net [1]   81,773
Total Assets   3,456,423
Current Liabilities:    
Contingent real estate liability [1]   1,730,542
Total current liabilities   1,730,542
Total Liabilities   1,730,542
Stockholders' Equity    
Accumulated deficit   1,725,881
Total Stockholders' Equity   1,725,881
Total Liabilities and Stockholders' Equity   3,456,423
Pro Forma [Member]    
Current Assets:    
Cash and cash equivalents   6,579,650
Inventory   145,583
Prepaid expenses   125,714
Deposits   688,651
Total current assets   7,539,598
Land   1,000,000
Building   3,000,000
Property and equipment, net   2,812,812
Intangibles, net   199,627
Other assets   10,715
Total Assets   14,562,752
Current Liabilities:    
Accounts payable and accrued expenses   1,271,794
Contingent real estate liability   1,730,542
Deferred revenue   30,500
Total current liabilities   3,032,836
Total Liabilities   3,032,836
Stockholders' Equity    
Preferred Stock, par value $0.001: 5,000,000 shares authorized; none issued and outstanding  
Common stock, $0.001 par value; 45,000,000 shares authorized; 18,105,349 shares issued and outstanding   18,105
Additional paid in capital   23,993,581
Accumulated deficit   (12,481,770)
Total Stockholders' Equity   11,529,916
Total Liabilities and Stockholders' Equity   $ 14,562,752
Smart Systems Technology & Commercialization Center (STC-MEMS) [Member]    
Current Assets:    
Cash and cash equivalents  
Inventory  
Prepaid expenses  
Deposits  
Total current assets  
Land  
Building  
Property and equipment, net  
Intangibles, net  
Other assets  
Total Assets  
Current Liabilities:    
Accounts payable and accrued expenses  
Contingent real estate liability  
Deferred revenue  
Total current liabilities  
Stockholders' Equity    
Preferred Stock, par value $0.001: 5,000,000 shares authorized; none issued and outstanding  
Common stock, $0.001 par value; 45,000,000 shares authorized; 18,105,349 shares issued and outstanding  
Additional paid in capital  
Accumulated deficit  
Total Stockholders' Equity  
[1] To record the payment of $2,846,049 and the assumption of a contingent real estate liability of $1,730,542 by Akoustis for the purchase of real estate with an appraised value of $4,000,000, fixed assets with an appraised value of $2,124,650; inventory for $96,049, and customer relationships of $81,773, resulting in a bargain purchase option of $1,725,881.