Variable Interest Entities (Tables) - Delphax

3 Months Ended

Jun. 30, 2019

Variable Interest Entity [Line Items]

The following table sets forth the carrying values of Delphax’s assets and liabilities as of June 30, 2019 and March 31, 2019:



	June 30, 2019			March 31, 2019
ASSETS
Current assets:
Cash and cash equivalents	$	9,430		$	12,315
Accounts receivable, net	49,844			46,844
Other current assets	9,672			58,441
Total current assets	68,946			117,600
Other tax receivables-long-term				311,000
Total assets	$	68,946		$	428,600
LIABILITIES
Current liabilities:
Accounts payable	$	96,109		$	2,151,235
Accrued expenses	401,275			3,157,707
Short-term debt	—			1,749,779
Total current liabilities	497,384			7,058,721
Total liabilities	$	497,384		$	7,058,721
Net Liabilities	$	(428,438	)	$	(6,630,121	)

Condensed Income Statement

The following table sets forth the revenue and expenses of Delphax prior to intercompany eliminations that are included in the Company’s condensed consolidated statement of income for the three months ended June 30, 2019 and 2018.



	Three Months Ended June 30,
	2019			2018
Operating Revenues	$	—		$	—

Operating Expenses:
Cost of sales	—			—
General and administrative	72,748			52,260
	72,748			52,260

Operating Loss	(72,748		)	(52,260		)

Non-operating Income (Expenses), net	6,237,385			(87,917		)

Income (Loss) Before Income Taxes	6,164,637			(140,177		)

Income Taxes	—			—

Net Income (Loss)	$	6,164,637		$	(140,177	)