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REPOSITRAK

12 Months Ended

Jun. 30, 2017

Acquisition Of Repositrak

REPOSITRAK

On June 30, 2015, the Company consummated the acquisition of 100% of the outstanding capital stock of ReposiTrak, Inc. The accompanying consolidated financial statements of the Company for the year ended June 30, 2015 contain the results of operations of ReposiTrak from June 30, 2015. We issued 873,438 shares of our common stock in connection with this acquisition.

Unaudited pro-forma results of operations for the twelve months ended June 30, 2015, as though ReposiTrak had been acquired as of July 1, 2014, are as follows:

		Three Months Ended
		Sep 30, 2014				Dec 31, 2014				Mar 31, 2015				Jun 30, 2015				Year Ended 2015
Revenue		$	2,826,813			$	2,932,825			$	2,870,646			$	2,941,511			$	11,571,795
Loss from Operations			(1,046,986	)			(1,290,524	)			(1,302,437	)			(3,222,538	)			(6,862,485	)
Net Loss			(1,049,834	)			(1,317,510	)			(1,317,858	)			(3,241,545	)			(6,926,747	)
Net Loss Applicable to Common Shareholders			(1,204,307	)			(1,471,983	)			(3,595,537	)			(3,365,721	)			(9,637,548	)
Basic and Diluted EPS			(0.07	)			(0.08	)			(0.20	)			(0.18	)			(0.53	)