Akoustis Technologies, Inc. General form of registration statement for all companies including face-amount certificate companies

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

Summary of significant accounting policies (Tables)

Summary of significant accounting policies (Tables)

3 Months Ended

12 Months Ended

Sep. 30, 2017

Jun. 30, 2017

Accounting Policies [Abstract]

Schedule of revised prior period amounts

Tabular summaries of the revisions are presented below:

	Consolidated Balance Sheet June 30, 2017
	Previously Reported			Revisions			Revised Reported
Additional paid in capital	$	30,774,885		$	725,004		$	31,499,889

Accumulated deficit		(15,783,053	)		(725,004	)		(16,508,057	)

	Consolidated Statement of Operations Year ended June 30, 2017
	Previously Reported			Revisions			Revised Reported
Net loss	$	(9,108,240	)	$	(725,004	)	$	(9,833,244	)

Net loss per ordinary share:
Basic	$	(0.54	)	$	(0.04	)	$	(0.58	)

Schedule of inventory

Inventory is stated at the lower of cost or market using the first-in, first-out (FIFO) valuation method. Inventory was comprised of the following at June 30, 2017 and 2016:

	June 30, 2017		June 30, 2016
Finished goods held for resale	$	49,374	$	43,544
Raw materials		139,102		—
	$	188,476	$	43,544

Schedule of common stock equivalents

The Company had the following common stock equivalents at September 30, 2017 and 2016:

	September 30, 2017		September 30, 2016
Options		675,000		160,000
Warrants		602,632		471,697
Totals		1,277,632		631,697

The Company had the following common stock equivalents at June 30, 2017 and 2016:

	June 30, 2017		June 30, 2016
Options		160,000		160,000
Warrants		612,165		471,697
Totals		772,165		631,697