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

Unaudited pro forma consolidated statements of operations

v3.8.0.1
Unaudited pro forma consolidated statements of operations - USD ($)
 9 Months Ended 12 Months Ended
Mar. 31, 2017
Jun. 30, 2016
REVENUES    
Revenue $ 468,032 $ 254,834
Total revenue 468,032 254,834
OPERATING EXPENSES:    
Research and development 2,590,698 1,758,701
General and administrative expenses 4,533,652 2,935,299
Total operating expenses 7,124,350 4,694,000
Loss from operations (6,656,318) (4,439,166)
Other income (expense)    
Other income   500
Interest income 970 1,339
Change in fair value of derivative liabilities (877,490) (968,840)
Total other income (expense) (876,520) (967,001)
Net loss $ (7,532,838) $ (5,406,167)
Net loss per common share - basic and diluted (in dollars per share) $ 0 $ (0.40)
Weighted average common shares outstanding - basic and diluted (in shares) 16,419,225 13,349,482
Pro Forma Before Adjustments [Member]    
REVENUES    
Revenue $ 3,577,574 $ 5,314,499
Total revenue 3,577,574 5,314,499
OPERATING EXPENSES:    
Research and development 2,590,698 1,758,701
General and administrative expenses 9,441,613 9,498,399
Total operating expenses 12,032,311 11,257,100
Loss from operations (8,454,737) (5,942,601)
Other income (expense)    
Other income   500
Interest income 970 1,339
Change in fair value of derivative liabilities (877,490) (968,840)
Total other income (expense) (876,520) (967,001)
Net loss $ (9,331,257) $ (6,909,602)
Net loss per common share - basic and diluted (in dollars per share) $ (0.57) $ (0.52)
Weighted average common shares outstanding - basic and diluted (in shares) 16,419,225 13,349,482
Pro Forma Adjustments [Member]    
REVENUES    
Revenue [1] $ (48,000)  
Total revenue (48,000)  
OPERATING EXPENSES:    
General and administrative expenses 318,698 [2] $ 424,930 [3]
General and administrative expenses 77,489 [4] 103,318 [5]
General and administrative expenses 4,381 [6] 5,841 [7]
General and administrative expenses [1] (48,000)  
Total operating expenses 352,568 534,098
Loss from operations (400,568) (534,089)
Other income (expense)    
Total other income (expense)
Net loss $ (400,568) $ (534,089)
Net loss per common share - basic and diluted (in dollars per share) $ 0.00 $ 0.00
Weighted average common shares outstanding - basic and diluted (in shares)
Pro Forma [Member]    
REVENUES    
Revenue $ 3,529,574 $ 5,314,499
Total revenue 3,529,574 5,314,499
OPERATING EXPENSES:    
Research and development 2,590,698 1,758,701
General and administrative expenses 9,794,181 10,032,488
Total operating expenses 12,384,879 11,791,189
Loss from operations (8,855,305) (6,476,690)
Other income (expense)    
Other income   500
Interest income 970 1,339
Change in fair value of derivative liabilities (877,490) (968,840)
Total other income (expense) (876,520) (967,001)
Net loss $ (9,731,825) $ (7,443,691)
Net loss per common share - basic and diluted (in dollars per share) $ (0.59) $ (0.56)
Weighted average common shares outstanding - basic and diluted (in shares) 16,419,225 13,349,482
Smart Systems Technology & Commercialization Center (STC-MEMS) [Member]    
REVENUES    
Revenue $ 3,109,542 $ 5,059,665
Total revenue 3,109,542 5,059,665
OPERATING EXPENSES:    
Research and development
General and administrative expenses 4,907,961 6,563,100
Total operating expenses 4,907,961 6,563,100
Loss from operations (1,798,419) (1,503,435)
Other income (expense)    
Other income  
Interest income
Change in fair value of derivative liabilities
Total other income (expense)
Net loss $ (1,798,419) $ (1,503,435)
Net loss per common share - basic and diluted (in dollars per share) $ 0.00 $ 0.00
Weighted average common shares outstanding - basic and diluted (in shares) 0 0
[1] To eliminate related party transactions of $48,000 for Akoustis Inc. payment of fabrication services invoices to RF-SUNY in the nine-month period ending March 31, 2017.
[2] To record depreciation of the fixed assets acquired for the nine-month period with a five-year depreciable life on a straight-line basis as if they were acquired at the beginning of the interim nine-month period ending March 31, 2017.
[3] To record depreciation of the fixed assets acquired for a full year with a five-year depreciable life on a straight-line basis as if they were acquired at the beginning of the fiscal year.
[4] To record depreciation of the building acquired for the nine-month period with an eleven-year depreciable life on a straight-line basis as if they were acquired at the beginning of the interim nine-month period ending March 31, 2017.
[5] To record depreciation of the building acquired for a full year with an eleven-year depreciable life on a straight-line basis as if they were acquired at the beginning of the fiscal year
[6] To record amortization of the customer relationships acquired for the nine-month period with a fourteen-year amortizable life on a straight-line basis as if they were acquired at the beginning of the interim nine-month period ending March 31, 2017.
[7] To record amortization of the customer relationships acquired for a full year with a fourteen-year amortizable life on a straight-line basis as if they were acquired at the beginning of the fiscal year