Document

0000862668-20-000002.txt : 20200214 0000862668-20-000002.hdr.sgml : 20200214 20200214160221 ACCESSION NUMBER: 0000862668-20-000002 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 53 CONFORMED PERIOD OF REPORT: 20191231 FILED AS OF DATE: 20200214 DATE AS OF CHANGE: 20200214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ESCALON MEDICAL CORP CENTRAL INDEX KEY: 0000862668 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 330272839 STATE OF INCORPORATION: PA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-20127 FILM NUMBER: 20619270 BUSINESS ADDRESS: STREET 1: 435 DEVON PARK ROAD STREET 2: BUILDING 100 CITY: WAYNE STATE: PA ZIP: 19087 BUSINESS PHONE: 6106886830 MAIL ADDRESS: STREET 1: 435 DEVON PARK ROAD STREET 2: BUILDING 100 CITY: WAYNE STATE: PA ZIP: 19087 FORMER COMPANY: FORMER CONFORMED NAME: INTELLIGENT SURGICAL LASERS INC DATE OF NAME CHANGE: 19930328 10-Q 1 esmc_20191231-10q.htm 10-Q Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

QUARTERLY PERIOD PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period ended December 31, 2019

Commission File Number 0-20127

Escalon Medical Corp.

(Exact name of registrant as specified in its charter)



Pennsylvania		33-0272839
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

435 Devon Park Drive, Suite 824, Wayne, PA 19087

(Address of principal executive offices, including zip code)

(610) 688-6830

(Registrant’s telephone number, including area code)



435 Devon Park Drive, Building 100, Wayne, PA 19087

Securities registered pursuant to Section 12(b) of the Act: NONE

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company. or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," and "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.



Large accelerated filer	o	Accelerated filer	o

Non-accelerated filer	x	Smaller reporting company	x

		Emerging growth company	o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 7,415,329 shares of common stock, $0.001 par value, outstanding as of February 13, 2020.

TABLE OF CONTENTS

		Page
	PART I Financial Information
Item I.	Unaudited Condensed Consolidated Financial Statements	2
	Condensed Consolidated Balance Sheets as of December 31, 2019 and June 30, 2019	2
	Condensed Consolidated Statements of Operations for the three-month and six-month periods ended December 31, 2019 and 2018	3
	Condensed Consolidated Statements of Shareholders' Equity for the three-month and six-month periods ended December 31, 2019 and 2018	4
	Condensed Consolidated Statements of Cash Flows for the six-month periods ended December 31, 2019 and 2018	5
	Notes to the Condensed Consolidated Financial Statements	7
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	18
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	26
Item 4.	Controls and Procedures	26

	PART II Other Information
Item 6.	Exhibits	26

ESCALON MEDICAL CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

	December 31, 2019			June 30, 2019
ASSETS
Current assets:
Cash and cash equivalents	$	234,927		$	409,743
Restricted cash	254,556			253,135
Accounts receivable, net	1,772,254			1,496,105
Inventories	1,963,845			1,878,860
Other current assets	201,656			223,078
Total current assets	4,427,238			4,260,921
Property and equipment, net	90,308			67,896
Right-of-use assets	972,244			—
Trademarks and trade names	—			605,006
License, net	131,875			141,700
Other long term assets	62,785			51,915
Total assets	$	5,684,450		$	5,127,438
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Line of credit	$	201,575		$	201,575
Current portion of note payable	3,133			3,401
Accounts payable	841,692			666,510
Accrued expenses	638,573			656,707
Related party accrued interest	112,389			112,389
Current portion of post-retirement benefits (related party)	—			101,891
Current portion of operating lease liabilities	251,057			—
Deferred revenue	635,678			426,803
Liabilities of discontinued operations	89,720			90,933
Total current liabilities	2,773,817			2,260,209
Note payable, net of current portion	13,501			14,896
Operating lease liabilities, net of current portion	788,863			—
Accrued post-retirement benefits, net of current portion (related party)	—			690,094
Total long-term liabilities	802,364			704,990
Total liabilities	3,576,181			2,965,199
Shareholders' equity:
Series A convertible preferred stock, $0.001 par value; 2,000,000 shares authorized; 2,000,000 shares issued and outstanding (liquidation value of $741,980 and $715,968)	645,000			645,000
Common stock, $0.001 par value; 35,000,000 shares authorized; 7,415,329 shares issued and outstanding	7,415			7,415
Additional paid-in capital	69,702,043			69,702,043
Accumulated deficit	(68,246,189		)	(68,192,219		)
Total shareholders’ equity	2,108,269			2,162,239
Total liabilities and shareholders’ equity	$	5,684,450		$	5,127,438

See notes to unaudited condensed consolidated financial statements



ESCALON MEDICAL CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
	For the Three Months Ended December 31,						For the Six Months Ended December 31,
	2019			2018			2019			2018
Net revenues:
Products	$	2,497,107		$	2,197,050		$	4,549,286		$	4,219,433
Service plans	242,786			221,830			478,595			457,830
Revenues, net	2,739,893			2,418,880			5,027,881			4,677,263
Costs and expenses:
Cost of goods sold	1,452,179			1,280,173			2,628,849			2,483,306
Marketing, general and administrative	1,093,930			1,138,916			2,093,357			2,141,153
Research and development	261,759			226,338			507,397			322,746
Intangible assets impairment	605,006			—			605,006			—
Total costs and expenses	3,412,874			2,645,427			5,834,609			4,947,205
Loss from operations	(672,981		)	(226,547		)	(806,728		)	(269,942		)
Other income (expense)
Other income	—			11,122			758,021			11,122
Interest income	1,757			864			2,840			3,374
Interest expense	(4,119		)	(3,422		)	(8,103		)	(10,273		)
Total other expense (income), net	(2,362		)	8,564			752,758			4,223
Net loss	(675,343		)	(217,983		)	(53,970		)	(265,719		)
Undeclared dividends on preferred stocks	13,006			13,006			26,012			26,011
Net loss applicable to common shareholders	$	(688,349	)	$	(230,989	)	$	(79,982	)	$	(291,730	)
Net loss per share
Basic loss per share	$	(0.09	)	$	(0.03	)	$	(0.01	)	$	(0.04	)
Diluted loss per share	$	(0.09	)	$	(0.03	)	$	(0.01	)	$	(0.04	)
Weighted average shares—basic	7,415,329			7,415,329			7,415,329			7,415,329
Weighted average shares—diluted	7,415,329			7,415,329			7,415,329			7,415,329

See notes to unaudited condensed consolidated financial statements

ESCALON MEDICAL CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2019 AND DECEMBER 31, 2018 (UNAUDITED)

	Series A Convertible Preferred Stock			Common Stock				Additional Paid-in Capital			Accumulated Deficit			Total Shareholders’ Equity
	Shares	Amount		Shares	Amount
Balance at June 30, 2019	2,000,000	$	645,000	7,415,329	$	7,415		$	69,702,043		$	(68,192,219	)	$	2,162,239
Net income	—	—		—	—		—	—			621,373			621,373
Balance at September 30, 2019	2,000,000	645,000		7,415,329	7,415		—	69,702,043		—	(67,570,846		)	2,783,612
Net loss	—	—		—	—			—			(675,343		)	(675,343		)
Balance at December 31, 2019	2,000,000	$	645,000	7,415,329	$	7,415		$	69,702,043		$	(68,246,189	)	$	2,108,269



	Series A Convertible Preferred Stock				Common Stock				Additional Paid-in Capital			Accumulated Deficit				Total Shareholders’ Equity
	Shares		Amount		Shares	Amount
Balance at June 30, 2018	2,000,000		$	645,000	7,415,329	$	7,415		$	69,702,043		$	(67,942,203	)		$	2,412,255
Net loss	—		—		—	—			—			(47,736		)		(47,736		)
Balance at September 30, 2018	2,000,000	—	645,000		7,415,329	7,415		—	69,702,043		—	(67,989,939		)	—	2,364,519
Net loss	—		—		—	—			—			(217,983		)		(217,983		)
Balance at December 31, 2018	2,000,000		$	645,000	7,415,329	$	7,415		$	69,702,043		$	(68,207,922	)		$	2,146,536

See notes to unaudited condensed consolidated financial statements



ESCALON MEDICAL CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
	For the Six Months Ended December 31,
	2019			2018
Cash Flows from Operating Activities:
Net loss	$	(53,970	)	$	(265,719	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	23,474			24,927
Non cash lease expense	165,633			—
Intangible assets impairment	605,006			—
Non cash post-retirement benefits adjustment	(758,021		)	—
Change in operating assets and liabilities:
Accounts receivable	(276,149		)	87,364
Inventories	(84,985		)	(145,257		)
Other current assets	21,423			12,020
Other long-term assets	(10,870		)	—
Accounts payable	175,182			211,335
Accrued expenses	52,455			(138,004		)
Accrued post-retirement benefits (related party)	(33,964		)	(19,167		)
Change in operating lease liability	(168,546		)	—
Deferred revenue	208,875			(15,164		)
Liabilities of discontinued operations	(1,213		)	(1,029		)
Net cash used in operating activities	(135,670		)	(248,694		)
Cash Flows from Investing Activities:
Purchase of equipment	(36,061		)	(6,506		)
Net cash used in investing activities	(36,061		)	(6,506		)
Cash Flows from Financing Activities:
Repayment of note payable	(1,664		)	(1,287		)
Proceeds from line of credit	—			36,575
Net cash (used in) provided by financing activities	(1,664		)	35,288
Net decrease in cash, cash equivalents and restricted cash	(173,395		)	(219,912		)
Cash, cash equivalents and restricted cash, beginning of year	662,878			1,124,002
Cash, cash equivalents and restricted cash, end of year	$	489,483		$	904,090

Cash, cash equivalents and restricted cash consist of the following:
End of period
Cash and cash equivalents	$	234,927		$	652,518
Restricted cash	254,556			251,572
	$	489,483		$	904,090
Beginning of period
Cash and cash equivalents	$	409,743		$	874,002
Restricted cash	253,135			250,000
	$	662,878		$	1,124,002

Supplemental Schedule of Cash Flow Information:
Interest paid	$	8,775		$	39,070



Non Cash Finance Activities
Record right-of-use assets per ASC 842, net of deferred rent reclassification	$	1,137,878	$	—
Record lease liability per ASC 842	$	1,208,466	$	—

See notes to unaudited condensed consolidated financial statements

Escalon Medical Corp. and Subsidiaries

Notes to Unaudited Condensed Consolidated Financial Statements

1. Organization and Basis of Presentation

Escalon Medical Corp. ("Escalon" or "Company") is a Pennsylvania corporation initially incorporated in California in 1987, and reincorporated in Pennsylvania in November 2001. Within this document, the “Company” collectively shall mean Escalon, which includes its division called "Trek" and its wholly owned subsidiaries: Sonomed, Inc. (“Sonomed”), Escalon Digital Solutions, Inc. (“EMI”), Escalon Holdings, Inc. (“EHI”), Escalon IP Holdings, Inc., and Sonomed IP Holdings, Inc.

The Company operates in the healthcare market, specializing in the development, manufacture, marketing and distribution of medical devices and pharmaceuticals in the area of ophthalmology. The Company and its products are subject to regulation and inspection by the United States Food and Drug Administration (the “FDA”). The FDA and other government authorities require extensive testing of new products prior to sale and have jurisdiction over the safety, efficacy and manufacture of products, as well as product labeling and marketing.

The unaudited condensed consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission, and reflect all adjustments (consisting of only normal and recurring adjustments) which are, in the opinion of management, necessary to present fairly the unaudited condensed consolidated financial information required herein. Certain information and note disclosures normally included in financial statement prepared in accordance with accounting principles generally accepted in the United Statements of America ("US GAAP") have been condensed or omitted pursuant to such rules and regulations. While management believes that the disclosures are adequate to make the information presented not misleading, it is suggested that these unaudited condensed consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K filed with the Security and Exchange Commission for the fiscal year ended June 30, 2019. The results of operations for the six-month period ended December 31, 2019 are not necessarily indicative of the results to be expected for the full year.

The Company’s common stock trades on the OTCQB Market under the symbol “ESMC.”

2. Going Concern

The Company’s operations are subject to a number of factors that can affect its operating results and financial condition. Such factors include, but are not limited to: the continuous enhancement of the current products, development of new products; changes in domestic and foreign regulations; ability of manufacture successfully; competition from products manufactured and sold or being developed by other companies; the price of, and demand for, the Company’s products and its ability to raise capital to support its operations.

To date, the Company’s operations have not generated sufficient revenues to enable profitability. As of December 31, 2019, the Company had an accumulated deficient of $68.2 million, and incurred recurring losses from operations and incurred negative cash flows from operating activities. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These unaudited condensed consolidated financial statements do not include any adjustments relating to the realization of the carrying value of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The Company's continuance as a going concern is dependent on its future profitability and on the on-going support of its shareholders, affiliates and creditors. In order to mitigate the going concern issues, the Company is actively pursuing business partnerships, managing its continuing operations, implementing cost-cutting measures and seeking to sell certain assets. The Company may not be successful in any of these efforts.

3. Summary of Significant Accounting Policies

Principles of Consolidation

The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally affected in the US GAAP requires management to make estimates and assumptions that impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

For the purposes of reporting cash flows, the Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and highly liquid investments with original maturities of 90 days or less to be cash and cash equivalents. From time to time cash balances exceed federal insurance limits.

Restricted Cash

As of December 31, 2019 and June 30, 2019 restricted cash included $254,556 and $253,135 respectively, which was pursuant to the requirements in the TD Bank Loan entered into June 2018 (see Note 7).

Foreign Currency Translation

The Company's functional currency is the US dollar. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Foreign currency transaction gains or losses included in net income (loss) were immaterial for the three and six-month periods ended December 31, 2019 and 2018.

Accounts Receivable

Accounts receivable are recorded at net realizable value. The Company performs ongoing credit evaluations of customers’ financial condition and does not require collateral for accounts receivable arising in the normal course of business. The Company maintains allowances for potential credit losses based on the Company’s historical trends, specific customer issues and current economic trends. Accounts are written off against the allowance when they are determined to be uncollectible based on management’s assessment of individual accounts. The Company recorded an allowance for doubtful accounts of approximately $111,000 as of December 31, 2019 and June 30, 2019.

Inventories

Inventories include freight-in materials, labor and overhead costs, and are stated at the lower of cost (first-in, first-out) or net realizable value. The Company writes down its inventories as it becomes aware of any situation whereas the carrying amount exceeds the estimated realizable value based on assumptions about future demands and market conditions.

Intangible Assets and Long-Lived Assets

Intangible assets deemed to have indefinite lives (including trademark and trade names) are not amortized but, instead, are subject to an annual impairment assessment. Additionally, if events or conditions were to indicate the carrying value or a reporting unit may not be recoverable, the Company would evaluate the other intangible assets for impairment at that time.

Long-lived assets including intangible assets deemed to have finite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment indicators include, among other conditions, cash flow deficits, historic or anticipated declines in revenue or operating profit or material adverse changes in the business climate that indicate that the carrying amount of an asset may be impaired. When impairment indicators are present, the recoverability of the asset is measured by comparing the carrying value of the asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the projected undiscounted cash flows from the asset are less than the carrying value of the asset the asset is considered to be impaired. The impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset.

The Company tests indefinite-life intangible assets for possible impairment on an annual basis at June 30, and at any other time events occur or circumstances indicate that the carrying amount of intangible assets may be impaired. Due to the current low market capitalization of the Company's common stock, the Company performed an interim impairment test on its intangible asset. The outcome of this impairment test resulted in non-cash charge for the full impairment of the indefinite-lived intangible assets (trade mark and trade names) of $605,000, which was recorded in the unaudited condensed consolidated financial statements for the three-month and six-month periods ended December 31, 2019. No impairments were recorded in the three-month and six-month periods ended December 31, 2018.

Accrued Warranties

The Company provides a limited one-year warranty against manufacturer’s defects on its products sold to customers. The Company’s standard warranties require the Company to repair or replace, at the Company’s discretion, defective parts during such warranty period. The Company accrues for its product warranty liabilities based on estimates of costs to be incurred during the warranty period, based on historical repair information for warranty costs.

Fair Value of Financial Instruments

The carrying amounts for cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximate their fair value because of their short-term maturity. The carrying amount of the accrued post retirement benefits approximates fair value since the Company utilizes approximate current market interest rates to calculate the liability. The Company determined that the carrying amount of the note payable and lease liabilities approximates fair value since such debt borrowing bears interest at the approximate current market rate. While the Company believes the carrying value of the assets and liabilities are reasonable, considerable judgment is used to develop estimates of fair value; thus the estimates are not necessarily indicative of the amounts that could be realized in a current market exchange.

Revenue Recognition

The Company recognizes revenue when its performance obligations with its customers have been satisfied. At contract inception, the Company determines if the contract is within the scope of Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers, and then evaluates the contract using the following five steps: (1) identify the contract with the customer; (2) identify the performance obligations; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. The Company only recognizes revenue to the extent that it is probable that a significant revenue reversal will not occur in a future period.

The Company generates product revenue from the sale of medical device products and the sale and installation of the Company's AXIS image management system software. Revenue for service plans relate to the customer care plans for the Company’s equipment and AXIS image management system software.

Revenue is recognized upon transfer of control of the promised goods or services to the customer for an amount that reflects the consideration that the Company expects to be entitled in exchange for those goods or services. The Company’s performance obligations are for product sales, installation of AXIS image management system software and customer care plans. The performance obligations are determined at contract inception based upon promises within the contract that are distinct.

The product sales and installation of AXIS image management system software performance obligations are satisfied at a point in time, which is upon shipment for product sales and upon successful installation for the AXIS image management system. The performance obligation for customer care plans is satisfied over time as the customer receives and consumes the Company’s services.

The Company invoices its customers upon shipment for product sales. For the installation of AXIS image management system software and customer care plans, the Company invoices its customers upon successful installation. Invoice payments are generally due within 30 days of invoice date. The transaction price is determined based on fixed consideration in the Company’s customer contracts and is recorded net of variable consideration. In determining the transaction price, a significant financing component does not exist since the timing from when the Company invoices its customers to when payment is received as it is less than one year.

Revenue for product sales and installation of AXIS image management system software is recognized when delivered or installed. The customer care plan revenues are recognized proportionately over the service period, which is a 12-month period.

The Company has elected the following practical expedients in applying ASC 606:

•

Unsatisfied Performance Obligations - all performance obligations relate to contracts with a duration of less than one year, the Company has elected to apply the optional exemption provided in ASC 606 and therefore, is not required to disclose the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period.


•	Contract Costs - all incremental customer contract acquisition costs are expensed as they are incurred as the amortization period of the asset that the Company otherwise would have recognized is one year or less in duration.


•	Significant Financing Component - the Company does not adjust the promised amount of consideration for the effects of a significant financing component as the Company expects, at contract inception, that the period between when the entity transfers a promised good or service to a customer and when the customer pays for that good or service will be one year or less.


•	Sales Tax Exclusion from the Transaction Price - the Company excludes from the measurement of the transaction price all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from the customer.


•	Shipping and Handling Activities - the Company elected to account for shipping and handling activities as a fulfillment cost rather than as a separate performance obligation.


•	Portfolio Approach - the Company applied the Portfolio Approach to contract reviews within its identified revenue streams that have similar characteristics and the Company believes this approach would not differ materially than if applying Topic 606 to each individual contract.

Deferred Revenues

The Company records deferred revenues when cash payments are received or due in advance of its performance. The Company’s deferred revenues relate to payments received for the customer care plans for a 12-month period. The consideration received is recognized monthly over the service period.



(in thousands)	Three Months Ended December 31,				Six Months Ended December 31,
	2019		2018		2019		2018
Beginning of Period	$	426	$	498	$	427	$	481
Additions	452		207		687		459
Revenue Recognized	242		239		478		474
End of Period	636		$	466	$	636	$	466

Earnings (Loss) Per Share

Earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. All outstanding stock options are considered potential common stock. All outstanding convertible preferred stock are considered common stock at the beginning of the period or at the time of issuance, if later, pursuant to the if-converted method. The dilutive effect, if any, of stock options is calculated using the treasury stock method. As of December 31, 2019 and 2018, the average market prices for the three-month and six-month periods then ended are less than the exercise price of all the outstanding stock options and, therefore, the inclusion of the stock options would be anti-dilutive. In addition, since the effect of common stock equivalents is anti-dilutive with respect to losses, the convertible preferred stock has also been excluded from the Company’s computation of loss per common for the three-month and six-month periods ended December 31, 2019 and 2018. Therefore, basic and diluted loss per common share for the three-month and six-month periods ended December 31, 2019 and 2018 are the same.



	For the Three Months Ended December 31,						For the Six Months Ended December 31,
	2019			2018			2019				2018
Numerator:
Numerator for basic loss per share:
Net loss	$	(675,343	)	$	(217,983	)	$	(53,970	)		$	(265,719	)
Undeclared dividends on preferred stock	13,006			13,006			26,012				26,011
Net loss applicable to common shareholders	$	(688,349	)	$	(230,989	)	$	(79,982	)		$	(291,730	)
Numerator for diluted earnings per share:
Net loss applicable to common shareholders	$	(688,349	)	$	(230,989	)	$	(79,982	)		$	(291,730	)
Undeclared dividends on preferred stock	13,006			13,006			26,012				26,011
Net loss	$	(675,343	)	$	(217,983	)	$	(53,970	)		$	(265,719	)
Denominator:
Denominator for basic loss per share - weighted average shares outstanding	7,415,329			7,415,329			7,415,329				7,415,329
Weighted average preferred stock converted to common stock	—			—							—
Denominator for diluted loss per share - weighted average and assumed conversion	7,415,329			7,415,329			7,415,329			—	7,415,329
Net loss per share:
Basic net loss per share	$	(0.09	)	$	(0.03	)	$	(0.01	)		$	(0.04	)
Diluted net loss per share	$	(0.09	)	$	(0.03	)	$	(0.01	)		$	(0.04	)

The following table summarizes convertible preferred stock and securities that, if exercised would have an anti-dilutive effect

on earnings per share.



	For the Three Months Ended December 31,		For the Six Months Ended December 31,
	2019	2018	2019	2018
Stock options	213,000	213,000	213,000	213,000
Convertible preferred stock	4,946,531	4,602,532	4,946,531	4,602,532
Total potential dilutive securities not included in income per share	5,159,531	4,815,532	5,159,531	4,815,532

Income Taxes

The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the unaudited condensed consolidated financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. As of December 31, 2019 and June 30, 2019, the Company has a fully recorded valuation allowance against its deferred tax assets.

The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.

The Company recognizes interest and penalties related to unrecognized tax benefits on the income tax expense line in the accompanying unaudited condensed consolidated statements of operations. As of December 31, 2019 and June 30, 2019, no accrued interest or penalties were required to be included on the related tax liability line in the unaudited condensed consolidated balance sheets.

Leases

The Company determines if an arrangement is a lease at the inception of a contract. Operating lease right-of-use ("ROU") assets are included in right-of-use assets on the unaudited condensed consolidated balance sheets. The current and long-term components of operating lease liabilities are included in the current portion of operating lease liabilities and operating lease liabilities, net of current portion, respectively on the unaudited condensed consolidated balance sheets.

Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. Certain leases may include options to extend or terminate the lease. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term.

Reclassifications

Lease deposits of $51,915 in the June 30, 2019 consolidated balance sheet has been reclassed from other current assets to the other assets be conformity with the current period presentation.

New Accounting Pronouncements

Recently Issued Accounting Standards

The Company considers the applicability and impact of all accounting standards updates ("ASUs"). Management periodically reviews new accounting standards that are issued.

New Accounting Pronouncements Recently Adopted

Effective July 1, 2019, the Company adopted ASU No. 2016-02, Leases (Topic 842), using the cumulative effect adjustment method and elected certain practical expedients allowed under the standard. Upon adoption, the Company

recognized ROU assets and a lease liability of $1,138,000 and $1,208,000 respectively. The adoption didn't materially impact the Company's unaudited condensed consolidated statements of operations or cash flows. See Note 10 for additional information on the Company's adoption of this standard.

In June 2018 the FASB issued ASU 2018-07 Improvements to Nonemployee Share-Based Payment Accounting (Topic 718) that expands the scope to include share-based payment transactions for acquiring goods and services from non-employees. An entity should apply the requirements to nonemployee awards except for certain exemptions specified in the amendment. The guidance is effective for fiscal years beginning after December 15, 2018, including interim reporting periods within that fiscal year. Early adoption is permitted. The adoption of ASU 2018-07 did not have a material impact on the Company's unaudited condensed consolidated financial statements.

New Accounting Pronouncements Not yet Adopted

In June 2016 the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which adds a new Topic 326 to the Codification and removes the thresholds that companies apply to measure credit losses on financial instruments measured at amortized cost, such as loans, receivables, and held-to-maturity debt securities. The guidance in ASU 2016-13 is effective for “public business entities,” as defined, that are SEC filers for fiscal years and for interim periods with those fiscal years beginning after December 15, 2022. Early adoption of the guidance is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The adoption of this standard is not expected to have a material impact to the Company’s unaudited condensed consolidated financial statements.

4. Inventories



	December 31,		June 30,
(in thousands)	2019		2019
Inventories, net:
Raw Material	$	887	$	875
Work-In-Process	183		225
Finished Goods	894		779
Total	$	1,964	$	1,879

5. Discontinued Operations

BH Holdings, S.A.S

Drew Scientific, Inc. ("Drew"), an inactive subsidiary of the Company which was sold in 2012, has a controlling interest in BHH Holdings, S.A.S ("BHH"). On January 12, 2012 BHH, initiated the filing of an insolvency declaration with the Tribunal de Commerce de Rennes, France ("Commercial Court"). The Commercial Court on January 18, 2012 opened the liquidation proceedings with continuation of BHH's activity for three months and named an administrator to manage BHH. Since Drew no longer had a controlling financial interest in BHH it was deconsolidated in the December 31, 2011 quarterly unaudited condensed consolidated financial statements and prior period amounts are presented as discontinued operations.

Assets and liabilities of discontinued operations of BHH included in the consolidated balance sheets are summarized as follows at December 31, 2019 and June 30, 2019 (in thousands):



	December 31,			June 30,
	2019			2019
Assets
Total assets	$	—		$	—
Liabilities
Accrued lease termination costs	90			91
Total liabilities	90			91
Net liabilities of discontinued operations	$	(90	)	$	(91	)

During fiscal year 2015 the Company was informed by French Counsel that the total amount claimed by the BHH landlord in the liquidation of BHH was approximately $86,000. The Company did not have insight into the French liquidation process due to the Liquidator's reticence to communicate with the Company. As such, the Company had accrued the present value of the maximum amount potentially due under the lease guaranteed by the Company on behalf of BHH. The landlord's claim under liquidation of approximately $86,000 cannot be revisited by the landlord and can only be potentially increased by interest or sundry expenses. Beginning in 2016 any changes to this liability are included in continuing operations. As of December 31, 2019 and June 30, 2019 the liability was approximately $90,000 and $91,000, respectively.

6. Related Party Transactions and Preferred Stock

Richard J. DePiano Sr., (“Mr. DePiano Sr.”), the Company’s former Chairman, participated in an accounts receivable factoring program that was implemented by the Company. Under the program, Mr. DePiano Sr. advanced the Company $645,000 prior to the Debt Exchange Agreement noted below. Interest on the transaction was 1.25% per month. The transactions excluded fees typically charged by the factoring agent and provided much needed liquidity to the Company. There was no related party interest expense for the three-month and six-month periods ended December 31, 2019 and 2018. As of December 31, 2019 and June 30, 2019, accrued interest of $112,389 was payable under the factoring agreement to his estate.

On February 14, 2018, the Company entered into a Debt Exchange Agreement (the “Exchange Agreement”) with Mr. DePiano Sr., the Company's former Chairman and DP Associates Inc. Profit-Sharing Plan of which Mr. DePiano Sr. is the sole owner and sole trustee (the “Holders”). Pursuant to the terms of the Exchange Agreement, effective February 15, 2018, the Holders exchanged a total of $645,000 principal amount of debt related to the accounts receivable factoring program the Company owes the Holders for 2,000,000 shares of Series A Convertible Preferred Stock (the “Preferred Stock”).

Each share of Preferred Stock entitles the Holder thereof to 13 votes per share and will vote together with all other classes and series of stock of the Company as a single class on all actions to be taken by the Company’s stockholders. As a result of this voting power, the Holders as of December 31, 2019 beneficially own approximately 77.81% of the voting power on all actions to be taken by the Company’s shareholders.

Subject to the terms and conditions of Preferred Stock, the holder of any share or shares of the Preferred Stock has the right, at its option at any time, to convert each such share of Preferred Stock (except that, upon any liquidation of the Company, the right of conversion will terminate at the close of business on the business day fixed for payment of the amounts distributable on the Preferred Stock) into 2.15 shares of Common Stock (the “Conversion Ratio”). The Conversion Ratio is subject to standard provisions for adjustment in the event of a subdivision or combination of the Company’s Common Stock and upon any reorganization or reclassification of the capital stock of the Company. If the Holders were to convert their shares of Preferred Stock into Common Stock at the Conversion Ratio the Holders would receive a total of 4,300,000 shares of Common Stock, or approximately 36.70% of the then outstanding shares of Common Stock assuming such conversion.

Each outstanding share of the Preferred Stock accrues dividends calculated cumulatively at the annual rate of $.0258 per share (such amount subject to equitable adjustment in the event of any stock dividend, stock split, combination, reclassification other similar event), payable upon the earlier of (i) a liquidation, dissolution or winding up of the Company or (ii) conversion of the Preferred Stock into Common Stock. Upon either of such events, all such accrued and unpaid dividends, whether or not earned or declared, to and until the date of such event, will become immediately due and payable and will be paid in full. The dividends payable to the holders of the Preferred Stock is payable in cash or, at the election of any such holder, in a number of additional shares of Common Stock equal to the amount of the dividend expressed in dollars divided by the then applicable Conversion Ratio, described above. As of December 31, 2019 and June 30, 2019 the cumulative dividends payable is $96,980 ($0.0428 per share) and $70,968 ($0.0355 per share), respectively.

Mr. DePiano Sr. passed away on October 3, 2019 and left a will by which he appointed Richard J. DePiano, Jr., the Chief Executive Officer of the Company, as executor. Richard DePiano Jr. was elected to serve as chairman of the Company's board. Mr. DePiano, Jr. qualified as executor and has control over the listed shares in his capacity as executor of Mr. DePiano Sr.'s estate.

7. Line of Credit

On June 29, 2018 the Company entered a business loan agreement with TD bank receiving a line of credit evidenced by a promissory note of $250,000. The interest is subject to change based on changes in an independent index which the Wall Street Journal Prime. The index rate at the date of the agreement is 5.000% per annum. Interest on the unpaid principal balance of the note is calculated using a rate of 0.740 percentage points over the index, adjusted if necessary for any minimum and maximum rate limitations, resulting in an initial rate of 5.740% per annum based on a year of 360 days. The interest rate was 6.24% as of December 31, 2019. The Company was required to put $250,000 in the TD bank savings account as collateral. Mr. Richard J. DePiano Sr. executed a guarantee of the loan in favor of TD Bank. Mr. DePiano Sr. passed away on October 3, 2019, therefore the guarantee is now assumed by his estate. Upon signing the agreement the Company also authorizes TD bank to payoff the line of credit with Newtek Business Credit ("Netwtek"). The total payment was $201,575 which includes $165,000 of outstanding line of credit, $2,579 accrued interest, administrative/legal fee of $1,000, prime plus fee through July 12, 2018 of $1,895 and fees of $28,797. The line of credit from Newtek was paid off on July 3, 2018.

As of December 31, 2019 and June 30, 2019, the line of credit balance was $201,575 with TD bank. The line of credit interest expense was approximately $4,000 and $3,000 for the three months ended December 31, 2019 and 2018, respectively. The line of credit interest expense was approximately $8,000 and $10,000 for the six-month periods ended December 31, 2019 and 2018, respectively.

8. Concentration of Credit Risk

Credit Risk

Financial Instruments, which potentially subject the Company to concentration of credit risk, consist principally of cash and cash equivalents, restricted cash and trade receivables. Concentration of credit risk with respect to trade receivables is generally diversified due to the large number of entities comprising the Company's customer base and their dispersion across geographic areas principally within the United States and international. The Company routinely address the financial strength of its customer and, as a consequence, believes that its receivable credit risk exposure is limited. The Company does not require customers to post collateral.

Major Customer

One customer accounted for more than 10% of net sales during the three months and six-month periods ended December 31, 2019. No customer accounted for more than 10% of net sales during the three months and six-month periods ended December 31, 2018.

As of December 31, 2019 the Company had one customer that represents approximately 28% of the total accounts receivable balance. As of June 30, 2019 the Company had no customer that represents more than 10% of the total accounts receivable balance.

Major Supplier

The Company's largest supplier accounted for 38% of the total purchase for the three-month period ended December 31, 2019. The Company's three largest suppliers accounted for 39%, 12% and 10% of the total purchase for the three-month period ended December 31, 2018. The Company's two largest suppliers accounted for 32% and 11% of the total purchase for the six-month period ended December 31, 2019. The Company's two largest suppliers accounted for of total purchases for more than 33% and 10% of total purchase for the six-month period ended December 31, 2018.

Foreign Sales

Domestic and international sales from continuing operations are as follows:



( in thousands)	For the Three Months Ended December 31,								For the Six Months Ended December 31,
	2019				2018				2019				2018
Domestic	$	1,590	58.0	%	$	1,441	59.6	%	$	3,056	60.8	%	$	2,913	62.3	%
Foreign	1,150		42.0	%	978		40.4	%	1,972		39.2	%	1,764		37.7	%
Total	$	2,740	100.0	%	$	2,419	100.0	%	$	5,028	100.0	%	$	4,677	100.0	%

9. Retirement and Post-Retirement Plans

On June 23, 2005 the Company entered into a Supplemental Executive Retirement Benefit Agreement with its former Chairman, Mr. DePiano, Sr.. The agreement provided for the payment of supplemental retirement benefits to the covered executive in the event of the covered executive’s termination of services. In January 2013 the covered executive retired and the Company was obligated to pay the executive $8,491 per month for life, with payments commencing the month after retirement.

As of June 30, 2019 approximately $792,000 was accrued for Mr. DePiano, Sr.'s retirement benefits. The amount represented the approximate present value of the supplemental retirement benefits awarded using a discount rate of 4.5% as of June 30, 2019. Mr. DePiano Sr. passed away on October 3, 2019. According to the agreement, the benefits terminate upon Mr. DePiano, Sr.'s death. Therefore, the Company recognized a gain with the termination of the retirement benefit obligation of $758,000, which has been reported as other income for the six-month period ended December 31, 2019.

10. Leases

The Company adopted ASC Topic 842-Leases as of July 1, 2019, using the cumulative effective adjustment method wherein the Company applied the new lease standard at adoption date. Accordingly, all periods prior to July 1, 2019 were presented in accordance with the previous ASC Topic 840, Leases, and no retrospective adjustments were made to the comparative periods presented. Adoption of ASC 842 resulted in an increase to total assets and liabilities due to the recording of operating lease ROU and operating lease liabilities of approximately $1,138,000 and $1,208,000 respectively, as of July 1, 2019. The adoption did not materially impact the Company's unaudited condensed consolidated statements of operations or cash flows.

The Company determines if a contract contains a lease at inception. US GAAP requires that the Company's leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date and the lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonable certain and failure to exercise such option which result in an economic penalty.

The Company has operating leases for manufacturing, research and corporate office facilities and certain equipment. Leases with an initial term of 12 months or less are not recorded in the balance sheet. The Company has elected the practical expedient to account for each separate lease component of a contract and its associated non-lease components as a single lease component, thus causing all fixed payments to be capitalized. The Company also elected the package of practical expedients permitted within the new standard, which among other things, allows the Company to carry forward historical lease classification. Variable lease payment amounts that cannot be determined at the commencement of the lease such as increases in lease payments based on changes in index rates or usage, are not included in the ROU assets or liabilities. These are expensed as incurred and recorded as variable lease expense.

ROU assets represent the Company's right to use an underlying asset during the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at commencement date based on the net present value of fixed lease payments over the lease term. The Company's lease term includes options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. As the Company's operating leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the comment date in determining the present value of future lease payments.

The components of lease costs included in cost of goods sold and marketing, general and administrative costs were as follows:



	Three Months Ended		Six Months Ended
	December 31, 2019		December 31, 2019
Operating lease costs:
Fixed	104,449		208,898
Total:	$	104,449	$	208,898

Supplemental cash flow information was as follows:



	Three Months Ended		Six Months Ended
	December 31, 2019		December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	101,053		200,629
Total	$	101,053	$	200,629

Leases recorded on the balance sheet consist of the following:



		December 31,
Leases (operating)	Classification on the Balance Sheet	2019
Assets
Operating lease ROU assets	Right-of-use asset	$	972,244
Liabilities
Current	Current portion of operating lease liabilities	251,057
Non-current	Operating lease liabilities	788,863

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate)

under noncancelable operating leases with terms of more than one year to the total operating lease liabilities

recognized on the unaudited condensed consolidated balance sheets as of December 31, 2019:

The aggregate future lease payments for operating leases as of December 31, 2019 were as follows:



	Operating

2020 (excluding the six months ending December 31, 2019)	$	159,805
2021	276,894
2022	260,628
2023	189,848
2024	189,790
Thereafter	96,830
Total lease payments	1,173,795
Less interest	133,875
Present value of lease liabilities	$	1,039,920

Average lease terms and discount rates were as follows:



	December 31,
	2019
Weighted-average remaining lease terms (years)
Operating leases	4.36
Weighted-average discount rate
Operating leases	5.65	%

As of December 31, 2019, the Company has an additional operating lease for its Pennsylvania headquarters location that has not yet commenced with a present value of approximately $285,000. The relocation date is January 1, 2020. The operating lease commenced in the third quarter of fiscal year 2020 with a lease term of 5 years.

Disclosures related to periods prior to adoption of ASU 2016-02

The Company adopted ASU 2016-02 using a modified retrospective adoption method at July 1, 2019 as noted in note 3. As required, the following disclosure is provided for periods prior to adoption. Minimum operating lease commitments as of June 30, 2019 that have initial or remaining lease terms in excess of one year are as follows:



	Operating

2019	$	356,414
2020	272,881
2021	256,311
2022	188,755
2023	189,790
Thereafter	96,830
Total lease payments	$	1,360,981

The rent expense for the three months ended December 31, 2018 was approximately $114,000. The rent expense for the six-month period ended December 31, 2018 was approximately $229,000.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward Looking Statements

Certain statements contained in, or incorporated by reference in, this report are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which provide current expectations or forecasts of future events. Such statements can be identified by the use of terminology such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “possible,” “project,” “should,” “will,” and similar words or expressions. The Company's forward-looking statements include certain information relating to general business strategy, growth strategies, financial results, liquidity, the Company's ability to continue as a going concern, discontinued operations, research and development, product development, the introduction of new products, the potential markets and uses for the Company's products, the Company's ability to increase its sales campaign effectively, the Company's regulatory filings with the FDA, acquisitions, dispositions, the development of joint venture opportunities, intellectual property and patent protection and infringement, the loss of revenue due to the expiration or termination of certain agreements, the effect of competition on the structure of the markets in which the Company competes, increased legal, accounting and Sarbanes-Oxley compliance costs, defending the Company in litigation matters and the Company's cost saving initiatives. The reader must carefully consider forward-looking statements and understand that such statements involve a variety of risks and uncertainties, known and unknown, and may be affected by assumptions that fail to materialize as anticipated. Consequently, no forward-looking statement can be guaranteed, and actual results may vary materially. It is not possible to foresee or identify all factors affecting the Company's forward-looking statements, and the reader therefore should not consider the list of such factors contained in its periodic report on Form 10-K for the year ended June 30, 2019 and this Form 10-Q quarterly report to be an exhaustive statement of all risks, uncertainties or potentially inaccurate assumptions.

Executive Overview—six-month periods ended December 31, 2019 and 2018

The following highlights are discussed in further detail within this Form 10-Q. The reader is encouraged to read this Form 10-Q in its entirety to gain a more complete understanding of factors impacting Company performance and financial condition.


•	Consolidated net revenue increased approximately $351,000 or 7.5%, to $5,028,000 during the six-month period ended December 31, 2019 as compared to the same period of last fiscal year. The increase in net revenue is attributed to an increase in sales of Trek products of $383,000 mainly due to back ordered items shipped in the six-month period

ended December 31, 2019 and an increase in sales of Sonomed's ultrasound products of $13,000. A decrease of $66,000 in the ophthalmic fundus photography systems is offset by an increase of $21,000 from the service plans.


•	Consolidated cost of goods sold totaled approximately $2,629,000, or 52.3%, of total revenue for the six-month period ended December 31, 2019, as compared to $2,483,000, or 53.1%, of total revenue of the same period of last fiscal year. The decrease of 0.8% in cost of goods sold as a percentage of total revenue is mainly due to changes in product sales mix and improved pricing.


•	Consolidated marketing, general and administrative expenses decreased $47,000, or 2.2%, to $2,094,000 for the six-month period ended December 31, 2019, as compared to the same period of last fiscal year. The decrease is mainly due to decreased legal expense, accounting and consulting expense.

•

Consolidated research and development expenses increased $184,000 or 57.0%, to $507,000 for the six-month period ended December 31, 2019, as compared to the same period of last fiscal year. Research and development expenses were primarily expenses associated with the introduction of new or enhanced products. The increase in research and development expense is mainly due to expense for AXIS software development work and ultrasound certification costs incurred during the six-month period ended December 31, 2019.


•	The increase of operating loss is also due to the loss from an intangible assets impairment of $605,000 in the six-month period ended December 31, 2019 as compared to the same period of the last fiscal year.

Company Overview

The following discussion should be read in conjunction with the interim unaudited condensed consolidated financial statements and the notes thereto, which are set forth in Item 1 of this report.

The Company operates in the healthcare market specializing in the development, manufacture, marketing and distribution of medical devices and pharmaceuticals in the area of ophthalmology. The Company and its products are subject to regulation and inspection by the FDA. The FDA requires extensive testing of new products prior to sale and has jurisdiction over the safety, efficacy and manufacture of products, as well as product labeling and marketing. The Company's Internet address is www.escalonmed.com. Under the trade name of Sonomed-Escalon the Company develops, manufactures and markets ultrasound systems used for diagnosis or biometric applications in ophthalmology, develops, manufactures and distributes ophthalmic surgical products under the Trek Medical Products name, and manufactures and markets digital camera systems for ophthalmic fundus photography and image management systems.

Critical Accounting Policies

The preparation of unaudited condensed consolidated financial statements requires management to make estimates and assumptions that impact amounts reported therein. The most significant of those involve the application of FASB-issued authoritative guidance concerning revenue recognition, and intangible assets, discussed further in the notes to consolidated financial statements included in the Form 10-K for the year ended June 30, 2019. The unaudited condensed consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ("US GAAP"), and, as such, include amounts based on informed estimates and judgments of management. For example, estimates are used in determining valuation allowances for deferred income taxes, uncollectible receivables, obsolete inventory, sales returns and rebates, warranty liabilities, right-of-use assets and related lease liabilities, and valuation of purchased intangible assets. Actual results achieved in the future could differ from current estimates. The Company used what it believes are reasonable assumptions and, where applicable, established valuation techniques in making its estimates.

Accounts Receivable

Inventories

Inventories include freight-in, materials, labor and overhead costs and are stated at the lower of cost (on a first-in, first-out basis) or net realizable value. The Company writes down its inventories as it becomes aware of any situation whereas the carrying amount exceeds the estimated realizable value based on assumptions about future demands and market conditions.

Intangible Assets and Long-Lived Assets

The Company tests indefinite-life intangible assets for possible impairment on an annual basis at June 30, and at any other time events occur or circumstances indicate that the carrying amount of intangible assets may be impaired. Due to the current low market capitalization of the Company's common stock, the Company performed an interim impairment test on its intangible asset. The outcome of this impairment test resulted in non-cash change for the full impairment of the indefinite-lived intangible assets (trade marks and trade names) of $605,000, which was recorded in the unaudited condensed consolidated financial statements for the three-month and six-month periods ended December 31, 2019. No impairments were recorded in the three-month and six-month periods ended December 31, 2018.

Accrued Warranties

Revenue Recognition

Income Taxes

reduce the provision for income taxes. As of December 31, 2019 and June 30, 2019, the Company has a fully recorded valuation allowance against its deferred tax assets.

Earnings (Loss) Per Share

Results of Operations

Three Months and Six Months Ended December 31, 2019 and 2018

The following table shows consolidated net revenue, as well as identifying trends in revenues for the three-month and and six-month periods ended December 31, 2019 and 2018. Table amounts are in thousands:



	For the Three Months Ended December 31,						For the Six Months Ended December 31,
	2019		2018		% Change		2019		2018		% Change
Net Revenue:
Products	$	2,497	$	2,197	13.7	%	$	4,549	$	4,219	7.8	%
Service plans	243		222		9.5	%	479		458		4.6	%
Total	$	2,740	$	2,419	13.3	%	$	5,028	$	4,677	7.5	%

Consolidated net revenue increased approximately $321,000 or 13.3%, to $2,740,000 during the three-month period ended December 31, 2019 as compared to the same period of last fiscal year. The increase in net revenue is attributed to a an increase in sales of Trek products of $291,000 mainly due to back ordered items shipped in the three months ended December 31, 2019 and an increase in sales of Sonomed's ultrasound products of $20,000. The increase is also due to an increase of $21,000 from the service plans, offset by a decrease of $11,000 in ophthalmic fundus photography system products.

Consolidated net revenue increased approximately $351,000 or 7.5%, to $5,028,000 during the six-month period ended December 31, 2019 as compared to the same period of last fiscal year. The increase in net revenue is attributed to a an increase in sales of Trek products of $383,000 mainly due to back ordered items shipped in the six-month period ended December 31, 2019 and an increase in sales of Sonomed's ultrasound products of $13,000. A decrease of $66,000 in the ophthalmic fundus photography systems is offset by an increase of $21,000 from the service plans.

The table amounts are in thousands:



	For the Three Months Ended December 31,								For the Six Months Ended December 31,
	2019				2018				2019				2018
Domestic	$	1,590	58.0	%	$	1,441	59.6	%	$	3,056	60.8	%	$	2,913	62.3	%
Foreign	1,150		42.0	%	978		40.4	%	1,972		39.2	%	1,764		37.7	%
Total	$	2,740	100.0	%	$	2,419	100.0	%	$	5,028	100.0	%	$	4,677	100.0	%

The following table presents consolidated cost of goods sold and as a percentage of revenues for the three-month and six-month periods ended December 31, 2019 and 2018. Table amounts are in thousands:



	For the Three Months Ended December 31,								For the Six Months Ended December 31,
	2019		%		2018		%		2019		%		2018		%
Cost of Goods Sold:
	$	1,452	53.0	%	$	1,280	52.9	%	$	2,629	52.3	%	$	2,483	53.1	%
Total	$	1,452	53.0	%	$	1,280	52.9	%	$	2,629	52.3	%	$	2,483	53.1	%

Consolidated cost of goods sold totaled approximately $1,452,000, or 53.0%, of total revenue for the three month period ended December 31, 2019, as compared to $1,280,000, or 52.9%, of total revenue of the same period of last fiscal year. The increase of 0.1% in cost of goods sold as a percentage of total revenue is mainly due to changes in product sales mix offset by the improved pricing.

Consolidated cost of goods sold totaled approximately $2,629,000, or 52.3%, of total revenue for the six-month period ended December 31, 2019, as compared to $2,483,000, or 53.1%, of total revenue of the same period of last fiscal year. The decrease of 0.8% in cost of goods sold as a percentage of total revenue is mainly due to changes in product sales mix and improved pricing.

The following table presents consolidated marketing, general and administrative expenses for the three-month and six-month periods ended December 31, 2019 and 2018. Table amounts are in thousands:



	For the Three Months Ended December 31,						For the Six Months Ended December 31,
	2019		2018		% Change		2019		2018		% Change
Marketing, General and Administrative:
	$	1,094	$	1,139	(4.0	)%	$	2,094	$	2,141	(2.2	)%
Total	$	1,094	$	1,139	(4.0	)%	$	2,094	$	2,141	(2.2	)%

Consolidated marketing, general and administrative expenses decreased $45,000, or 4.0%, to $1,094,000 for the three-month period ended December 31, 2019, as compared to the same period of last fiscal year. The decrease is mainly due to decreased legal expense, accounting and consulting expense.

Consolidated marketing, general and administrative expenses decreased $47,000, or 2.2%, to $2,094,000 for the six-month period ended December 31, 2019, as compared to the same period of last fiscal year. The decrease is mainly due to decreased legal expense, accounting and consulting expense.

The following table presents consolidated research and development expenses for the three-month and six-month periods ended December 31, 2019 and 2018.

Table amounts are in thousands:



	For the Three Months Ended December 31,						For the Six Months Ended December 31,
	2019		2018		% Change		2019		2018		% Change
Research and Development:
	$	262	$	226	15.9	%	$	507	$	323	57.0	%
Total	$	262	$	226	15.9	%	$	507	$	323	57.0	%

Consolidated research and development expenses increased $36,000, or 15.9%, to $262,000 for the three-month period ended December 31, 2019, as compared to the same period of last fiscal year. Research and development expenses were primarily expenses associated with the introduction of new or enhanced products. The increase in research and development expense is due to expense for AXIS software development work and certification costs incurred in the three months ended December 31, 2019.

Consolidated research and development expenses increased $184,000, or 57.0%, to $507,000 for the six-month period ended December 31, 2019, as compared to the same period of last fiscal year. Research and development expenses were primarily expenses associated with the introduction of new or enhanced products. The increase in research and development expense is due to expense for AXIS software development work and certification costs incurred in the six-month period ended December 31, 2019.

Impairment

The Company tests infinite-life intangible assets for possible impairment on an annual basis at June 30, and at any other time events occur or circumstances indicate that the carrying amount of intangible assets may be impaired. As a result of the Company's testing during the fiscal year ending June 30, 2020, the intangible assets (trade mark and trade names) carrying amount of $605,005 was deemed fully impaired. During the three-month and six-month periods ended December, 2018, no impairments were recorded.

Other Income (Expense)

The Company did not have significant other income during the three and six-month periods ended December 31, 2018. As of June 30, 2019, $792,000 was accrued for Mr. DePiano, Sr.'s retirement benefits. The amount represent the approximate present value of the supplemental retirement benefits awarded using a discount rate of 4.5% as of June 30, 2019. Mr. DePiano, Sr. passed away on October 3, 2019. According to the agreement, the benefits terminate upon Mr. DePiano Sr.'s death. Therefore, the Company recognized a gain with the termination of the retirement benefit obligation of $758,000, which has been reported as other income for the six-month period ended December 31, 2019.

The other income of $11,122 during the six-month period ended December 30, 2018 is due to the proceeds from insurance claims after the loss of shipment.

Liquidity and Capital Resources

Our total cash on hand as of December 31, 2019 was approximately $235,000 of cash on hand and restricted cash of approximately $255,000 compared to approximately $410,000 of cash on hand and restricted cash of $253,000 as of June 30, 2019. Approximately $48,000 was available under our line of credit as of December 31, 2019.

Because our operations have not historically generated sufficient revenues to enable profitability we will continue to monitor costs and expenses closely and may need to raise additional capital in order to fund operations.

We expect to continue to fund operations from cash on hand and through capital raising sources if possible and available, which may be dilutive to existing stockholders, through revenues from the licensing of our products, or through strategic alliances. Additionally, we may seek to sell additional equity or debt securities through one or more discrete transactions, or enter into a strategic alliance arrangement, but can provide no assurances that any such financing or strategic alliance arrangement will be available on acceptable terms, or at all. Moreover, the incurrence of indebtedness in connection with a debt financing would result in increased fixed obligations and could contain covenants that would restrict our operations.

As of December 31, 2019 we had an accumulated deficit of approximately $68.2 million, incurred recurring losses from operations and negative cash flows from operating activities. These factors raise substantial doubt regarding our ability to

continue as a going concern, and our ability to generate cash to meet our cash requirements for the following twelve months as of the date of this form 10-Q.

The following table presents overall liquidity and capital resources as of December 31, 2019 and June 30, 2019. Table amounts are in thousands:



	December 31,	June 30,
	2019	2019
Current Ratio:
Current assets	$4,427	$4,261
Less: Current liabilities	2,774	2,260
Working capital	$1,653	$2,001
Current ratio	1.60 to 1	1.89 to 1
Debt to Total Capital Ratio:
Line of credit, note payable and lease liabilities	$1,258	$220
Total debt	1,258	220
Total equity	2,108	2,162
Total capital	$3,366	$2,382
Total debt to total capital	37.4%	9.2%

Working Capital Position

Working capital decreased approximately $348,000 as of December 31, 2019, and the current ratio decreased to 1.60 to 1 from 1.89 to 1 when compared to June 30, 2019.

Overall total current assets increased approximately $166,000 to approximately $4,427,000 as of December 31, 2019 from $4,261,000 as of June 30, 2019. Total current liabilities, which consists of line of credit, current portion of note payable, current portion of post-retirement pension benefits, related party accrued interest, current portion of operating lease liabilities, accounts payable, accrued expenses, deferred revenue and liabilities of discontinued operations, increased approximately $514,000 to $2,774,000 as of December 31, 2019 from $2,260,000 as compared to June 30, 2019. The increase in current assets is mainly due to an increase in accounts receivable as back orders got shipped in November 2019 and deferred revenue invoices generated in December, 2019. The increase in current liabilities is result of adoption of the ASU No. 2016-02, Leases (Topic 842).

Debt to total capital ratio was 37.4% and 9.2% as of December 31, 2019 and June 30, 2019, respectively. The decrease in the working capital ratio and increase in the debt to total capital ratio is due to primarily the adoption of the ASU No. 2016-02, Leases (Topic 842).

Cash Flow Used In Operating Activities

During the six-month period ended December 31, 2019 the Company used approximately $136,000 of cash in operating activities as compared to approximately $249,000 of cash used in operating activities during the six-month period ended December 31, 2018.

For the six-month period ended December 31, 2019, the Company had a net loss of approximately $54,000, which includes non cash post-retirement adjustment of $758,000 and impairment loss of $605,000. Cash inflows were mainly due to a decrease in other current assets of $21,000, an increase in accounts payable of $175,000, an increase in accrued expenses of $52,000, and an increase in non-cash expenditure on depreciation and amortization of approximately $23,000. The cash inflow is offset by an increase in accounts receivable of $276,000, an increase in inventory of $85,000, and an increase in other long term assets of $11,000, a decrease in operating lease liability of $169,000, a decrease in accrued post retirement benefits of $34,000, and a decrease in liabilities of discontinued operations of $1,000.

For the six-month period ended December 31, 2018, the Company had a net loss of approximately $266,000. Cash inflows were mainly due to the cash inflow from an increase in accounts payable and accrued expenses of $211,000, decrease in accounts receivable of $87,000, a decrease in other current assets of $12,000. The cash inflow is offset by a decrease in accrued post retirement benefits of $19,000, a decrease in deferred revenue of $15,000, a decrease in accrued expense of $138,000, and an increase in inventory of $145,000.

Cash Flows Used In Investing Activities

Cash flows used in investing activities for the six-month periods ended December 31, 2019 and 2018 were due to purchase of equipment of $36,000 and $7,000 respectively.

Any necessary capital expenditures have generally been funded out of cash from operations, and the Company is not aware of any factors that would cause historical capital expenditure levels to not be indicative of capital expenditures in the future and, accordingly, does not believe that the Company will have to commit material resources to capital investment for the foreseeable future.

Cash Flows Used in or Provided by Financing Activities

For the six-month period ended December 31, 2019 the cash used in financing activities of $2,000 was due to auto loan payment.

For the six-month period ended December 31, 2018 the cash inflow from financing activities of $37,000 was due to the increase in the line of credit. On June 29, 2018 the Company entered a business loan agreement with TD bank receiving a line of credit evidenced by a promissory note of $250,000. Upon signing the agreement the Company also authorizes TD bank to payoff the line of credit of $165,000 with Newtek with a total payment of $201,575.

Financing Facilities

As of December 31, 2019 and June 30, 2019, the line of credit balance was $201,575 with TD bank. The line of credit interest expense was $4,000 and $3,000 for the three months ended December 31, 2019 and 2018, respectively. The line of credit interest expense was $8,000 and $10,000 for the six-month periods ended December 31, 2019 and 2018, respectively.

Preferred stock

On February 14, 2018, the Company entered into a Debt Exchange Agreement (the “Exchange Agreement”) with Mr. DePiano, Sr., the Company's former Chairman and DP Associates Inc. Profit-Sharing Plan of which Mr. DePiano, Sr. is the sole owner and sole trustee (the “Holders”). Pursuant to the terms of the Exchange Agreement, effective February 15, 2018, the Holders exchanged a total of $645,000 principal amount of debt related to the accounts receivable factoring program the Company owes the Holders for 2,000,000 shares of Series A Convertible Preferred Stock (the “Preferred Stock”). As of December 31, 2019 and June 30, 2019 the cumulative dividends payable is $96,980 ($0.0428 per share) and $70,968 ($0.0355 per share), respectively.

Post-retirement Plans

On June 23, 2005 the Company entered into a Supplemental Executive Retirement Benefit Agreement with its former Chairman, Mr. DePiano, Sr..The agreement provided for the payment of supplemental retirement benefits to the covered executive in the event of the covered executive’s termination of services. In January 2013 the covered executive retired and the Company was obligated to pay the executive $8,491 per month for life, with payments commencing the month after retirement.

As of June 30, 2019, approximately $792,000 was accrued for Mr. DePiano Sr.'s retirement benefits. The amount represented the approximate present value of the supplemental retirement benefits awarded using a discount rate of 4.5% as of June 30, 2019. Mr. DePiano, Sr. passed away on October 3, 2019. According to the agreement, the benefits terminate upon Mr. DePiano Sr.'s death. Therefore, the Company recognized a gain with the termination of the retirement benefit obligation of $758,000, which has been reported under other income for the six-month period ended December 31, 2019.

Off-balance Sheet Arrangements and Contractual Obligations

The Company was not a party to any off-balance sheet arrangements during the three-month and six-month periods ended December 31, 2019 and 2018.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

None.

Item 4. Controls and Procedures

(A) Evaluation of Disclosure Controls and Procedures

The Company's management, with the participation of the Company's Chief Executive Officer and Principal Financial and Accounting Officer, have established disclosure controls and procedures to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to the officers who certify the Company's financial reports and to other members of senior management and the Board of Directors.

Based on their evaluation of the effectiveness of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of December 31, 2019, the Chief Executive Officer and Principal Financial and Accounting Officer of the Company have concluded that such disclosure controls and procedures are effective to ensure that the information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and that information required to be disclosed in the reports that the Company files or submits under the Exchange Act is accumulated and communicated to the Company's management, including its Chief Executive Officer and Principal Financial and Accounting Officer, to allow timely decisions regarding required disclosure.

(B) Internal Control over Financial Reporting

There have not been any changes in the Company's internal control over financial reporting (as such term is defined in Rule 13a-15(f) under the Exchange Act), during the first quarter ended December 31, 2019 that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

PART II. OTHER INFORMATION

Item 6. Exhibits

31.1 Certificate of Chief Executive Officer under Rule 13a-14(a).

31.2 Certificate of Principal Financial and Accounting Officer under Rule 13a-14(a).

32.1 Certificate of Chief Executive Officer under Section 1350 of Title 18 of the United States Code.

32.2 Certificate of Principal Financial and Accounting Officer under Section 1350 of Title 18 of the United States Code

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.




	Escalon Medical Corp.
	(Registrant)

Date: February 14, 2020	By:	/s/ Richard J. DePiano, Jr.
		Richard J. DePiano, Jr.
		Chief Executive Officer

Date: February 14, 2020	By:	/s/ Mark Wallace
		Mark Wallace
		Chief Operating Officer and Principal Accounting & Financial Officer

EX-31.1 2 esmc_20191231-10qex311.htm EXHIBIT 31.1 Exhibit

Exhibit 31.1

Certification of Principal Executive Officer

I, Richard J. DePiano, certify that:


1.	I have reviewed this annual report on Form 10-Q of Escalon Medical Corp.;


2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;


3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;


4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:


a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):


a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and


b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.



/s/ Richard J. DePiano Jr.
Richard J. DePiano Jr.
Chief Executive Officer
Date: February 14, 2020

EX-31.2 3 esmc_20191231-10qex312.htm EXHIBIT 31.2 Exhibit

Exhibit 31.2

Certification of Principal Financial Officer

I, Mark Wallace, certify that:


1.	I have reviewed this annual report on Form 10-Q of Escalon Medical Corp.;


2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;


3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;


4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:


a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):


a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and


b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.



/s/ Mark Wallace
Mark Wallace

Date: February 14, 2020

EX-32.1 4 esmc_20191231-10qex321.htm EXHIBIT 32.1 Exhibit

Exhibit 32.1

Certification pursuant to 18 U.S.C. Section 1350,

as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

I, Richard J. DePiano Jr., Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:


1.	The Quarterly Report of Escalon Medical Corp. on Form 10Q for the quarterly period ended December 31, 2019 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and


2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: February 14, 2020



/s/ Richard J. DePiano Jr.
Richard J. DePiano Jr.
Chief Executive Officer

EX-32.2 5 esmc_20191231-10qex322.htm EXHIBIT 32.2 Exhibit

Exhibit 32.2

Certification pursuant to 18 U.S.C. Section 1350,

as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

I, Mark Wallace, Chief Operating Officer and Principal Accounting & Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:


1.	The Quarterly Report of Escalon Medical Corp. on Form 10-Q for the quarterly period ended December 31, 2019 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and


2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: February 14, 2020



/s/ Mark Wallace
Mark Wallace
Chief Operating Officer and Principal Accounting & Financial Officer

EX-101.INS 6 esmc-20191231.xml XBRL INSTANCE DOCUMENT 0000862668 2019-07-01 2019-12-31 0000862668 esmc:BhHoldingsSASMember 2019-07-01 2019-12-31 0000862668 2019-12-31 0000862668 2019-06-30 0000862668 us-gaap:ServiceMember 2018-10-01 2018-12-31 0000862668 2018-07-01 2018-12-31 0000862668 us-gaap:ProductMember 2018-10-01 2018-12-31 0000862668 2019-10-01 2019-12-31 0000862668 2018-10-01 2018-12-31 0000862668 us-gaap:ServiceMember 2019-10-01 2019-12-31 0000862668 us-gaap:ServiceMember 2019-07-01 2019-12-31 0000862668 us-gaap:ProductMember 2019-07-01 2019-12-31 0000862668 us-gaap:ProductMember 2018-07-01 2018-12-31 0000862668 us-gaap:ServiceMember 2018-07-01 2018-12-31 0000862668 us-gaap:ProductMember 2019-10-01 2019-12-31 0000862668 us-gaap:RetainedEarningsMember 2019-10-01 2019-12-31 0000862668 us-gaap:PreferredStockMember 2019-09-30 0000862668 us-gaap:PreferredStockMember 2019-07-01 2019-09-30 0000862668 us-gaap:CommonStockMember 2019-06-30 0000862668 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0000862668 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0000862668 us-gaap:PreferredStockMember 2019-12-31 0000862668 2019-07-01 2019-09-30 0000862668 us-gaap:AdditionalPaidInCapitalMember 2019-10-01 2019-12-31 0000862668 2019-09-30 0000862668 us-gaap:PreferredStockMember 2019-06-30 0000862668 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0000862668 us-gaap:CommonStockMember 2019-10-01 2019-12-31 0000862668 us-gaap:PreferredStockMember 2019-10-01 2019-12-31 0000862668 us-gaap:CommonStockMember 2019-12-31 0000862668 us-gaap:RetainedEarningsMember 2019-12-31 0000862668 us-gaap:CommonStockMember 2019-09-30 0000862668 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0000862668 us-gaap:RetainedEarningsMember 2019-06-30 0000862668 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0000862668 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0000862668 us-gaap:RetainedEarningsMember 2019-09-30 0000862668 us-gaap:CommonStockMember 2018-12-31 0000862668 us-gaap:PreferredStockMember 2018-06-30 0000862668 us-gaap:PreferredStockMember 2018-07-01 2018-09-30 0000862668 us-gaap:CommonStockMember 2018-10-01 2018-12-31 0000862668 us-gaap:PreferredStockMember 2018-09-30 0000862668 us-gaap:RetainedEarningsMember 2018-12-31 0000862668 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0000862668 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0000862668 2018-06-30 0000862668 us-gaap:CommonStockMember 2018-06-30 0000862668 us-gaap:PreferredStockMember 2018-10-01 2018-12-31 0000862668 us-gaap:PreferredStockMember 2018-12-31 0000862668 us-gaap:CommonStockMember 2018-09-30 0000862668 2018-09-30 0000862668 us-gaap:AdditionalPaidInCapitalMember 2018-10-01 2018-12-31 0000862668 us-gaap:RetainedEarningsMember 2018-06-30 0000862668 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0000862668 us-gaap:RetainedEarningsMember 2018-10-01 2018-12-31 0000862668 2018-07-01 2018-09-30 0000862668 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0000862668 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000862668 2018-12-31 0000862668 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0000862668 us-gaap:RetainedEarningsMember 2018-09-30 0000862668 us-gaap:ConvertiblePreferredStockMember 2018-10-01 2018-12-31 0000862668 us-gaap:ConvertiblePreferredStockMember 2019-10-01 2019-12-31 0000862668 us-gaap:ConvertiblePreferredStockMember 2018-07-01 2018-12-31 0000862668 us-gaap:StockOptionMember 2019-07-01 2019-12-31 0000862668 us-gaap:StockOptionMember 2018-07-01 2018-12-31 0000862668 us-gaap:ConvertiblePreferredStockMember 2019-07-01 2019-12-31 0000862668 us-gaap:StockOptionMember 2019-10-01 2019-12-31 0000862668 us-gaap:StockOptionMember 2018-10-01 2018-12-31 0000862668 esmc:BhHoldingsSASMember 2019-12-31 0000862668 esmc:BhHoldingsSASMember 2019-06-30 0000862668 esmc:BhHoldingsSASMember 2015-06-30 0000862668 esmc:BhHoldingsSASMember 2012-01-17 2012-01-18 0000862668 2018-02-14 0000862668 2018-07-01 2019-06-30 0000862668 2017-07-01 2017-09-30 0000862668 us-gaap:LineOfCreditMember 2018-07-01 2018-12-31 0000862668 us-gaap:NotesPayableToBanksMember 2018-07-01 2018-12-31 0000862668 us-gaap:LineOfCreditMember 2018-06-30 0000862668 us-gaap:NotesPayableToBanksMember 2018-06-29 0000862668 us-gaap:NotesPayableToBanksMember 2019-07-01 2019-12-31 0000862668 us-gaap:AccountsReceivableMember 2018-07-01 2019-06-30 0000862668 us-gaap:CustomerConcentrationRiskMember 2018-07-01 2018-12-31 0000862668 esmc:CustomerThreeMember 2018-10-01 2018-12-31 0000862668 us-gaap:CustomerConcentrationRiskMember 2019-07-01 2019-12-31 0000862668 esmc:CustomerTwoMember 2018-10-01 2018-12-31 0000862668 esmc:CustomerOneMember 2018-10-01 2018-12-31 0000862668 esmc:CustomerOneMember 2019-10-01 2019-12-31 0000862668 esmc:CustomerOneMember 2018-07-01 2018-12-31 0000862668 esmc:CustomerTwoMember 2018-07-01 2018-12-31 0000862668 us-gaap:AccountsReceivableMember 2019-07-01 2019-12-31 0000862668 esmc:CustomerTwoMember 2019-07-01 2019-12-31 0000862668 esmc:CustomerOneMember 2019-07-01 2019-12-31 0000862668 us-gaap:GeographicConcentrationRiskMember 2018-10-01 2018-12-31 0000862668 us-gaap:NonUsMember us-gaap:GeographicConcentrationRiskMember 2019-07-01 2019-12-31 0000862668 us-gaap:GeographicConcentrationRiskMember 2019-10-01 2019-12-31 0000862668 country:US us-gaap:GeographicConcentrationRiskMember 2019-10-01 2019-12-31 0000862668 country:US us-gaap:GeographicConcentrationRiskMember 2018-07-01 2018-12-31 0000862668 us-gaap:NonUsMember us-gaap:GeographicConcentrationRiskMember 2019-10-01 2019-12-31 0000862668 us-gaap:NonUsMember us-gaap:GeographicConcentrationRiskMember 2018-07-01 2018-12-31 0000862668 us-gaap:GeographicConcentrationRiskMember 2019-07-01 2019-12-31 0000862668 country:US us-gaap:GeographicConcentrationRiskMember 2018-10-01 2018-12-31 0000862668 us-gaap:NonUsMember us-gaap:GeographicConcentrationRiskMember 2018-10-01 2018-12-31 0000862668 us-gaap:GeographicConcentrationRiskMember 2018-07-01 2018-12-31 0000862668 country:US us-gaap:GeographicConcentrationRiskMember 2019-07-01 2019-12-31 0000862668 2019-07-01 iso4217:USD xbrli:shares xbrli:shares iso4217:USD xbrli:pure false --06-30 Q2 2020 2019-12-31 10-Q 0000862668 7415329 Yes false Non-accelerated Filer No ESCALON MEDICAL CORP. false true 112389 -91000 -90000 P3M -1029 -1213 133875 1895 P90D 285000 1039920

666510

841692

1496105

1772254

28797

656707

638573

69702043

111000

4815532

213000

4602532

4815532

213000

4602532

5159531

213000

4946531

5159531

213000

4946531

5127438

5684450

4260921

4427238

1124002

904090

662878

489483

874002

652518

409743

234927

1124002

904090

662878

489483

-219912

-173395

4300000

0.001

35000000

7415329

7415

0.7781

0.10

0.28

0.1

0.5955

0.4045

1.0000

0.6228

0.3772

1.0000

0.5802

0.4198

1.0000

0.6079

0.3921

1.0000

0.39

0.1

0.12

0.33

0.10

0.38

32%

11%

13006

26012

2.15

1280173

2483306

1452179

2628849

0.740

0.0574

0.05

481000

498000

466000

427000

426000

636000

459000

207000

452000

687000

426803

635678

474000

239000

242000

478000

0.045

51915

62785

24927

23474

26011

86000

91000

90000

0.04

0.0428

0.03

-0.03

-0.04

-0.09

-0.01

-0.03

-0.04

-0.09

-0.01

758021

0.3670

189790

188755

189848

256311

260628

272881

276894

141700

131875

1000

605005

605006

211335

175182

-87364

276149

-138004

52455

-15164

208875

145257

84985

-10870

-12020

-21423

-19167

-33964

605006

3422

10273

4119

8103

2579

39070

8775

112389

779000

894000

1879000

1878860

1963845

1964000

875000

887000

225000

183000

864

3374

1757

2840

114000

104449

P5Y

P12M

2965199

3576181

5127438

5684450

2260209

2773817

704990

802364

91000

90000

90933

89720

250000

201575

0.0624

3035

10000

4119

8103

35288

-1664

-6506

-36061

-248694

-135670

-47736

-217983

-265719

621373

-675343

-53970

-230989

-291730

-688349

-79982

-217983

-265719

-675343

-53970

-230989

-291730

-688349

-79982

8564

4223

-2362

752758

250000

2645427

4947205

3412874

5834609

-226547

-269942

-672981

-806728

1208000

251057

788863

972244

1137878

P4Y4M10D

1360981

1173795

96830

356414

159805

223078

201656

758000

14896

13501

11122

758021

3401

3133

168546

6506

36061

791985

8491

101891

690094

70968

96980

13006

26011

13006

26012

0.001

2000000

645000

36575

67896

90308

645000

0.0125

201575

165000

1287

1664

226338

322746

261759

507397

250000

251572

253135

254556

253135

254556

-68192219

-68246189

2197050

221830

4219433

457830

2497107

242786

4549286

478595

2418880

1440551

978329

2418880

4677263

2912845

1764418

4677263

2739893

1589726

1150114

2739840

5027881

3056270

1971558

5027828

1138916

2141153

1093930

2093357

7415329

201575

101053

2412255

69702043

7415

-67942203

2364519

69702043

7415

-67989939

2146536

69702043

7415

-68207922

2162239

69702043

7415

-68192219

2783612

69702043

7415

-67570846

2108269

69702043

7415

-68246189

7415329

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the purposes of reporting cash flows, the Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and highly liquid investments with original maturities of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">90</font><font style="font-family:inherit;font-size:10pt;"> days or less to be cash and cash equivalents. From time to time cash balances exceed federal insurance limits.</font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated.</font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Line of Credit</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 29, 2018 the Company entered a business loan agreement with TD bank receiving a line of credit evidenced by a promissory note of </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;">. The interest is subject to change based on changes in an independent index which the Wall Street Journal Prime. The index rate at the date of the agreement is </font><font style="font-family:inherit;font-size:10pt;">5.000%</font><font style="font-family:inherit;font-size:10pt;"> per annum. Interest on the unpaid principal balance of the note is calculated using a rate of </font><font style="font-family:inherit;font-size:10pt;">0.740</font><font style="font-family:inherit;font-size:10pt;"> percentage points over the index, adjusted if necessary for any minimum and maximum rate limitations, resulting in an initial rate of </font><font style="font-family:inherit;font-size:10pt;">5.740%</font><font style="font-family:inherit;font-size:10pt;"> per annum based on a year of 360 days. The interest rate was </font><font style="font-family:inherit;font-size:10pt;">6.24%</font><font style="font-family:inherit;font-size:10pt;"> as of December 31, 2019. The Company was required to put </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;"> in the TD bank savings account as collateral. Mr. Richard J. DePiano Sr. executed a guarantee of the loan in favor of TD Bank. Mr. DePiano Sr. passed away on October 3, 2019, therefore the guarantee is now assumed by his estate. Upon signing the agreement the Company also authorizes TD bank to payoff the line of credit with Newtek Business Credit ("Netwtek"). The total payment was </font><font style="font-family:inherit;font-size:10pt;">$201,575</font><font style="font-family:inherit;font-size:10pt;"> which includes </font><font style="font-family:inherit;font-size:10pt;">$165,000</font><font style="font-family:inherit;font-size:10pt;"> of outstanding line of credit, </font><font style="font-family:inherit;font-size:10pt;">$2,579</font><font style="font-family:inherit;font-size:10pt;"> accrued interest, administrative/legal fee of </font><font style="font-family:inherit;font-size:10pt;">$1,000</font><font style="font-family:inherit;font-size:10pt;">, prime plus fee through July 12, 2018 of </font><font style="font-family:inherit;font-size:10pt;">$1,895</font><font style="font-family:inherit;font-size:10pt;"> and fees of </font><font style="font-family:inherit;font-size:10pt;">$28,797</font><font style="font-family:inherit;font-size:10pt;">. The line of credit from Newtek was paid off on July 3, 2018. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of December 31, 2019 and June 30, 2019, the line of credit balance was </font><font style="font-family:inherit;font-size:10pt;">$201,575</font><font style="font-family:inherit;font-size:10pt;"> with TD bank. The line of credit interest expense was approximately </font><font style="font-family:inherit;font-size:10pt;">$4,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$3,000</font><font style="font-family:inherit;font-size:10pt;"> for the three months ended December 31, 2019 and 2018, respectively. The line of credit interest expense was approximately </font><font style="font-family:inherit;font-size:10pt;">$8,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$10,000</font><font style="font-family:inherit;font-size:10pt;"> for the six-month periods ended December 31, 2019 and 2018, respectively.</font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:94.00196656833825%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:28%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(in thousands)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="6" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three Months Ended December 31,</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="7" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Six Months Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Beginning of Period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">426</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">427</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">481</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">452</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">207</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">687</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">459</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue Recognized</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">242</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">239</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">478</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">474</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">End of Period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">636</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">466</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">636</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">466</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Discontinued Operations</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BH Holdings, S.A.S</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;">Drew Scientific, Inc. ("Drew"), an inactive subsidiary of the Company which was sold in 2012, has a controlling interest in BHH Holdings, S.A.S ("BHH"). On January 12, 2012 BHH, initiated the filing of an insolvency declaration with the Tribunal de Commerce de Rennes, France ("Commercial Court").  The Commercial Court on January 18, 2012 opened the liquidation proceedings with continuation of BHH's activity for </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three months</font><font style="font-family:inherit;font-size:10pt;"> and named an administrator to manage BHH</font><font style="font-family:inherit;font-size:12pt;">. </font><font style="font-family:inherit;font-size:10pt;">Since Drew no longer had a controlling financial interest in BHH it was deconsolidated in the December 31, 2011 quarterly unaudited condensed consolidated financial statements and prior period amounts are presented as discontinued operations. </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets and liabilities of discontinued operations of BHH included in the consolidated balance sheets are summarized as follows at </font><font style="font-family:inherit;font-size:10pt;">December 31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and June 30, 2019 (in thousands): </font></div><div style="line-height:120%;text-align:center;text-indent:48px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.96875%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:67%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accrued lease termination costs</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">91</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">91</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net liabilities of discontinued operations</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(90</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(91</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During fiscal year 2015 the Company was informed by French Counsel that the total amount claimed by the BHH landlord in the liquidation of BHH was approximately </font><font style="font-family:inherit;font-size:10pt;">$86,000</font><font style="font-family:inherit;font-size:10pt;">. The Company did not have insight into the French liquidation process due to the Liquidator's reticence to communicate with the Company. As such, the Company had accrued the present value of the maximum amount potentially due under the lease guaranteed by the Company on behalf of BHH. The landlord's claim under liquidation of approximately </font><font style="font-family:inherit;font-size:10pt;">$86,000</font><font style="font-family:inherit;font-size:10pt;"> cannot be revisited by the landlord and can only be potentially increased by interest or sundry expenses. Beginning in 2016 any changes to this liability are included in continuing operations. As of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and June 30, 2019 the liability was approximately $</font><font style="font-family:inherit;font-size:10pt;">90,000</font><font style="font-family:inherit;font-size:10pt;"> and $</font><font style="font-family:inherit;font-size:10pt;">91,000</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. All outstanding stock options are considered potential common stock. All outstanding convertible preferred stock are considered common stock at the beginning of the period or at the time of issuance, if later, pursuant to the if-converted method. The dilutive effect, if any, of stock options is calculated using the treasury stock method. As of December 31, 2019 and 2018, the average market prices for the three-month and six-month periods then ended are less than the exercise price of all the outstanding stock options and, therefore, the inclusion of the stock options would be anti-dilutive. In addition, since the effect of common stock equivalents is anti-dilutive with respect to losses, the convertible preferred stock has also been excluded from the Company’s computation of loss per common for the three-month and six-month periods ended December 31, 2019 and 2018.  Therefore, basic and diluted loss per common share for the three-month and six-month periods ended December 31, 2019 and 2018 are the same. </font></div><div style="line-height:120%;padding-top:12px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.98525073746312%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:0%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Three Months Ended December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Six Months Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Numerator:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">  Numerator for basic loss per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> Net loss </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(675,343</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(217,983</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(53,970</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(265,719</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Undeclared dividends on preferred stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,012</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,011</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss applicable to common shareholders</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(688,349</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(230,989</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(79,982</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(291,730</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Numerator for diluted earnings per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss applicable to common shareholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(688,349</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(230,989</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(79,982</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(291,730</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Undeclared dividends on preferred stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,012</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,011</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(675,343</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(217,983</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(53,970</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(265,719</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator for basic loss per share - weighted average shares outstanding</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average preferred stock converted to common stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> Denominator for diluted loss per share - weighted average and assumed conversion</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic net loss per share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.09</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.03</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.01</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.04</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted net loss per share</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.09</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.03</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.01</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.04</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes convertible preferred stock and securities that, if exercised would have an anti-dilutive effect</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">on earnings per share.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.32841691248771%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:27%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="5" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Three Months Ended December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Six Months Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock options</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Convertible preferred stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,946,531</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,602,532</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,946,531</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,602,532</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total potential dilutive securities not included in income per share</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,159,531</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,815,532</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,159,531</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,815,532</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. All outstanding stock options are considered potential common stock. All outstanding convertible preferred stock are considered common stock at the beginning of the period or at the time of issuance, if later, pursuant to the if-converted method. The dilutive effect, if any, of stock options is calculated using the treasury stock method. As of December 31, 2019 and 2018, the average market prices for the three-month and six-month periods then ended are less than the exercise price of all the outstanding stock options and, therefore, the inclusion of the stock options would be anti-dilutive. In addition, since the effect of common stock equivalents is anti-dilutive with respect to losses, the convertible preferred stock has also been excluded from the Company’s computation of loss per common for the three-month and six-month periods ended December 31, 2019 and 2018.  Therefore, basic and diluted loss per common share for the three-month and six-month periods ended December 31, 2019 and 2018 are the same. </font></div><div style="line-height:120%;padding-top:12px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.98525073746312%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:0%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Three Months Ended December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Six Months Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Numerator:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">  Numerator for basic loss per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> Net loss </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(675,343</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(217,983</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(53,970</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(265,719</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Undeclared dividends on preferred stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,012</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,011</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss applicable to common shareholders</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(688,349</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(230,989</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(79,982</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(291,730</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Numerator for diluted earnings per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss applicable to common shareholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(688,349</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(230,989</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(79,982</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(291,730</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Undeclared dividends on preferred stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,012</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,011</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(675,343</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(217,983</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(53,970</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(265,719</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator for basic loss per share - weighted average shares outstanding</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average preferred stock converted to common stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> Denominator for diluted loss per share - weighted average and assumed conversion</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic net loss per share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.09</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.03</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.01</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.04</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted net loss per share</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.09</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.03</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.01</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.04</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes convertible preferred stock and securities that, if exercised would have an anti-dilutive effect</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">on earnings per share.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.32841691248771%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:27%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="5" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Three Months Ended December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Six Months Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock options</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Convertible preferred stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,946,531</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,602,532</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,946,531</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,602,532</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total potential dilutive securities not included in income per share</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,159,531</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,815,532</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,159,531</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,815,532</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying amounts for cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximate their fair value because of their short-term maturity. The carrying amount of the accrued post retirement benefits approximates fair value since the Company utilizes approximate current market interest rates to calculate the liability. The Company determined that the carrying amount of the note payable and lease liabilities approximates fair value since such debt borrowing bears interest at the approximate current market rate. While the Company believes the carrying value of the assets and liabilities are reasonable, considerable judgment is used to develop estimates of fair value; thus the estimates are not necessarily indicative of the amounts that could be realized in a current market exchange.</font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's functional currency is the US dollar. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Foreign currency transaction gains or losses included in net income (loss) were immaterial for the three and six-month periods ended December 31, 2019 and 2018. </font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ntangible assets deemed to have indefinite lives (including trademark and trade names) are not amortized but, instead, are subject to an annual impairment assessment. Additionally, if events or conditions were to indicate the carrying value or a reporting unit may not be recoverable, the Company would evaluate the other intangible assets for impairment at that time. </font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-lived assets including intangible assets deemed to have finite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment indicators include, among other conditions, cash flow deficits, historic or anticipated declines in revenue or operating profit or material adverse changes in the business climate that indicate that the carrying amount of an asset may be impaired. When impairment indicators are present, the recoverability of the asset is measured by comparing the carrying value of the asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the projected undiscounted cash flows from the asset are less than the carrying value of the asset the asset is considered to be impaired. The impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset. </font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company tests indefinite-life intangible assets for possible impairment on an annual basis at June 30, and at any other time events occur or circumstances indicate that the carrying amount of intangible assets may be impaired. Due to the current low market capitalization of the Company's common stock, the Company performed an interim impairment test on its intangible asset. The outcome of this impairment test resulted in non-cash charge for the full impairment of the indefinite-lived intangible assets (trade mark and trade names) of </font><font style="font-family:inherit;font-size:10pt;">$605,000</font><font style="font-family:inherit;font-size:10pt;">, which was recorded in the unaudited condensed consolidated financial statements for the three-month and six-month periods ended December 31, 2019. </font><font style="font-family:inherit;font-size:10pt;">No</font><font style="font-family:inherit;font-size:10pt;"> impairments were recorded in the three-month and six-month periods ended December 31, 2018. </font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the unaudited condensed consolidated financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. As of December 31, 2019 and June 30, 2019, the Company has a fully recorded valuation allowance against its deferred tax assets.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes interest and penalties related to unrecognized tax benefits on the income tax expense line in the accompanying unaudited condensed consolidated statements of operations. As of December 31, 2019 and June 30, 2019, no accrued interest or penalties were required to be included on the related tax liability line in the unaudited condensed consolidated balance sheets.</font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:22%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:20%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(in thousands)</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventories, net:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">        Raw Material</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">887</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">875</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">        Work-In-Process</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">183</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">225</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">        Finished Goods</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">894</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">779</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,964</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,879</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;padding-left:0px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventories include freight-in materials, labor and overhead costs, and are stated at the lower of cost (first-in, first-out) or net realizable value. The Company writes down its inventories as it becomes aware of any situation whereas the carrying amount exceeds the estimated realizable value based on assumptions about future demands and market conditions. </font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:47%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating lease costs:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,449</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208,898</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,449</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208,898</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:59%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Cash paid for amounts included in the measurement of lease liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating cash flows for operating leases</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">101,053</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">200,629</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">101,053</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">200,629</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:70%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:28%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted-average remaining lease terms (years)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating leases</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.36</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted-average discount rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating leases</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5.65</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td style="width:29%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:48%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Leases (operating)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Classification on the Balance Sheet</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating lease ROU assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Right-of-use asset</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">972,244</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current portion of operating lease liabilities </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251,057</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-current</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating lease liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">788,863</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company adopted ASC Topic 842-Leases as of July 1, 2019, using the cumulative effective adjustment method wherein the Company applied the new lease standard at adoption date. Accordingly, all periods prior to July 1, 2019 were presented in accordance with the previous ASC Topic 840, Leases, and no retrospective adjustments were made to the comparative periods presented. Adoption of ASC 842 resulted in an increase to total assets and liabilities due to the recording of operating lease ROU and operating lease liabilities of approximately $</font><font style="font-family:inherit;font-size:10pt;">1,138,000</font><font style="font-family:inherit;font-size:10pt;"> and $</font><font style="font-family:inherit;font-size:10pt;">1,208,000</font><font style="font-family:inherit;font-size:10pt;"> respectively, as of July 1, 2019. The adoption did not materially impact the Company's unaudited condensed consolidated statements of operations or cash flows. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company determines if a contract contains a lease at inception. US GAAP requires that the Company's leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date and the lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonable certain and failure to exercise such option which result in an economic penalty. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has operating leases for manufacturing, research and corporate office facilities and certain equipment. Leases with an initial term of </font><font style="font-family:inherit;font-size:10pt;">12</font><font style="font-family:inherit;font-size:10pt;"> months or less are not recorded in the balance sheet. The Company has elected the practical expedient to account for each separate lease component of a contract and its associated non-lease components as a single lease component, thus causing all fixed payments to be capitalized. The Company also elected the package of practical expedients permitted within the new standard, which among other things, allows the Company to carry forward historical lease classification. Variable lease payment amounts that cannot be determined at the commencement of the lease such as increases in lease payments based on changes in index rates or usage, are not included in the ROU assets or liabilities. These are expensed as incurred and recorded as variable lease expense. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ROU assets represent the Company's right to use an underlying asset during the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at commencement date based on the net present value of fixed lease payments over the lease term. The Company's lease term includes options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. As the Company's operating leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the comment date in determining the present value of future lease payments. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The components of lease costs included in cost of goods sold and marketing, general and administrative costs were as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:47%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating lease costs:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fixed</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,449</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208,898</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total:</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">104,449</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208,898</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Supplemental cash flow information was as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:59%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Six Months Ended </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Cash paid for amounts included in the measurement of lease liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating cash flows for operating leases</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">101,053</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">200,629</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">101,053</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">200,629</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leases recorded on the balance sheet consist of the following:</font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td style="width:29%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:48%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Leases (operating)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Classification on the Balance Sheet</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating lease ROU assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Right-of-use asset</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">972,244</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current portion of operating lease liabilities </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251,057</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Non-current</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating lease liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">788,863</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">under noncancelable operating leases with terms of more than one year to the total operating lease liabilities</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">recognized on the unaudited condensed consolidated balance sheets as of December 31, 2019:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The aggregate future lease payments for operating leases as of December 31, 2019 were as follows: </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:70%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:27%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020 (excluding the six months ending December 31, 2019)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">159,805</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">276,894</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">260,628</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2023</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">189,848</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">189,790</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">96,830</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total lease payments</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,173,795</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less interest </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">133,875</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Present value of lease liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,039,920</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Average lease terms and discount rates were as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:70%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:28%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted-average remaining lease terms (years)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating leases</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.36</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted-average discount rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating leases</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5.65</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of December 31, 2019, the Company has an additional operating lease for its Pennsylvania headquarters location that has not yet commenced with a present value of approximately $</font><font style="font-family:inherit;font-size:10pt;text-decoration:none;">285,000</font><font style="font-family:inherit;font-size:10pt;">. The relocation date is January 1, 2020. The operating lease commenced in the third quarter of fiscal year 2020 with a lease term of </font><font style="font-family:inherit;font-size:10pt;text-decoration:none;">5</font><font style="font-family:inherit;font-size:10pt;"> years. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Disclosures related to periods prior to adoption of ASU 2016-02</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company adopted ASU 2016-02 using a modified retrospective adoption method at July 1, 2019 as noted in note 3. As required, the following disclosure is provided for periods prior to adoption. Minimum operating lease commitments as of June 30, 2019 that have initial or remaining lease terms in excess of one year are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:70%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:27%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">356,414</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">272,881</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">256,311</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">188,755</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2023</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">189,790</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">96,830</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total lease payments</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,360,981</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The rent expense for the three months ended December 31, 2018 was approximately </font><font style="font-family:inherit;font-size:10pt;">$114,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company determines if an arrangement is a lease at the inception of a contract. Operating lease right-of-use ("ROU") assets are included in right-of-use assets on the unaudited condensed consolidated balance sheets. The current and long-term components of operating lease liabilities are included in the current portion of operating lease liabilities and operating lease liabilities, net of current portion, respectively on the unaudited condensed consolidated balance sheets. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. Certain leases may include options to extend or terminate the lease. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. </font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">          Escalon Medical Corp. ("Escalon" or "Company") is a Pennsylvania corporation initially incorporated in California in 1987, and reincorporated in Pennsylvania in November 2001. Within this document, the “Company” collectively shall mean Escalon, which includes its division called "Trek" and its wholly owned subsidiaries: Sonomed, Inc. (“Sonomed”), Escalon Digital Solutions, Inc. (“EMI”), Escalon Holdings, Inc. (“EHI”), Escalon IP Holdings, Inc., and Sonomed IP Holdings, Inc.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company operates in the healthcare market, specializing in the development, manufacture, marketing and distribution of medical devices and pharmaceuticals in the area of ophthalmology. The Company and its products are subject to regulation and inspection by the United States Food and Drug Administration (the “FDA”). The FDA and other government authorities require extensive testing of new products prior to sale and have jurisdiction over the safety, efficacy and manufacture of products, as well as product labeling and marketing.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The unaudited condensed consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission, and reflect all adjustments (consisting of only normal and recurring adjustments) which are, in the opinion of management, necessary to present fairly the unaudited condensed consolidated financial information required herein. Certain information and note disclosures normally included in financial statement prepared in accordance with accounting principles generally accepted in the United Statements of America ("US GAAP") have been condensed or omitted pursuant to such rules and regulations. While management believes that the disclosures are adequate to make the information presented not misleading, it is suggested that these unaudited condensed consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K filed with the Security and Exchange Commission for the fiscal year ended June 30, 2019. The results of operations for the six-month period ended December 31, 2019 are not necessarily indicative of the results to be expected for the full year. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> The Company’s common stock trades on the OTCQB Market under the symbol “ESMC.”</font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recently Issued Accounting Standards</font></div><div style="line-height:120%;padding-top:12px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> The Company considers the applicability and impact of all accounting standards updates ("ASUs"). Management periodically reviews new accounting standards that are issued. </font></div><div style="line-height:120%;padding-top:12px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New Accounting Pronouncements Recently Adopted</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective July 1, 2019, the Company adopted ASU No. 2016-02, Leases (Topic 842), using the cumulative effect adjustment method and elected certain practical expedients allowed under the standard. Upon adoption, the Company recognized ROU assets and a lease liability of $</font><font style="font-family:inherit;font-size:10pt;">1,138,000</font><font style="font-family:inherit;font-size:10pt;"> and $</font><font style="font-family:inherit;font-size:10pt;">1,208,000</font><font style="font-family:inherit;font-size:10pt;"> respectively. The adoption didn't materially impact the Company's unaudited condensed consolidated statements of operations or cash flows. See Note 10 for additional information on the Company's adoption of this standard. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2018 the FASB issued ASU 2018-07 Improvements to Nonemployee Share-Based Payment Accounting (Topic 718) that expands the scope to include share-based payment transactions for acquiring goods and services from non-employees. An entity should apply the requirements to nonemployee awards except for certain exemptions specified in the amendment. The guidance is effective for fiscal years beginning after December 15, 2018, including interim reporting periods within that fiscal year. Early adoption is permitted. The adoption of ASU 2018-07 did not have a material impact on the Company's unaudited condensed consolidated financial statements. </font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New Accounting Pronouncements Not yet Adopted</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016 the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which adds a new Topic 326 to the Codification and removes the thresholds that companies apply to measure credit losses on financial instruments measured at amortized cost, such as loans, receivables, and held-to-maturity debt securities. The guidance in ASU 2016-13 is effective for “public business entities,” as defined, that are SEC filers for fiscal years and for interim periods with those fiscal years beginning after December 15, 2022. Early adoption of the guidance is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The adoption of this standard is not expected to have a material impact to the Company’s unaudited condensed consolidated financial statements.</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" style="padding-left:0px;padding-right:0px;padding-top:4px;padding-bottom:4px;" rowspan="1"><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="width:65%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table></div></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease deposits of </font><font style="font-family:inherit;font-size:10pt;">$51,915</font><font style="font-family:inherit;font-size:10pt;"> in the June 30, 2019 consolidated balance sheet has been reclassed from other current assets to the other assets be conformity with the current period presentation.</font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Related Party Transactions and Preferred Stock</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Richard J. DePiano Sr., (“Mr. DePiano Sr.”), the Company’s former Chairman, participated in an accounts receivable factoring program that was implemented by the Company. Under the program, Mr. DePiano Sr. advanced the Company </font><font style="font-family:inherit;font-size:10pt;">$645,000</font><font style="font-family:inherit;font-size:10pt;"> prior to the Debt Exchange Agreement noted below. Interest on the transaction was </font><font style="font-family:inherit;font-size:10pt;">1.25%</font><font style="font-family:inherit;font-size:10pt;"> per month. The transactions excluded fees typically charged by the factoring agent and provided much needed liquidity to the Company. There was no related party interest expense for the three-month and six-month periods ended December 31, 2019 and 2018. As of December 31, 2019 and June 30, 2019, accrued interest of $</font><font style="font-family:inherit;font-size:10pt;">112,389</font><font style="font-family:inherit;font-size:10pt;"> was payable under the factoring agreement to his estate. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 14, 2018, the Company entered into a Debt Exchange Agreement (the “Exchange Agreement”) with Mr. DePiano Sr., the Company's former Chairman and DP Associates Inc. Profit-Sharing Plan of which Mr. DePiano Sr. is the sole owner and sole trustee (the “Holders”).  Pursuant to the terms of the Exchange Agreement, effective February 15, 2018, the Holders exchanged a total of </font><font style="font-family:inherit;font-size:10pt;">$645,000</font><font style="font-family:inherit;font-size:10pt;"> principal amount of debt related to the accounts receivable factoring program the Company owes the Holders for </font><font style="font-family:inherit;font-size:10pt;">2,000,000</font><font style="font-family:inherit;font-size:10pt;"> shares of Series A Convertible Preferred Stock (the “Preferred Stock”).</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Each share of Preferred Stock entitles the Holder thereof to 13 votes per share and will vote together with all other classes and series of stock of the Company as a single class on all actions to be taken by the Company’s stockholders.  As a result of this voting power, the Holders as of December 31, 2019 beneficially own approximately </font><font style="font-family:inherit;font-size:10pt;">77.81%</font><font style="font-family:inherit;font-size:10pt;"> of the voting power on all actions to be taken by the Company’s shareholders.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subject to the terms and conditions of Preferred Stock, the holder of any share or shares of the Preferred Stock has the right, at its option at any time, to convert each such share of Preferred Stock (except that, upon any liquidation of the Company, the right of conversion will terminate at the close of business on the business day fixed for payment of the amounts distributable on the Preferred Stock) into </font><font style="font-family:inherit;font-size:10pt;">2.15</font><font style="font-family:inherit;font-size:10pt;"> shares of Common Stock (the “Conversion Ratio”).  The Conversion Ratio is subject to standard provisions for adjustment in the event of a subdivision or combination of the Company’s Common Stock and upon any reorganization or reclassification of the capital stock of the Company. If the Holders were to convert their shares of Preferred Stock into Common Stock at the Conversion Ratio the Holders would receive a total of </font><font style="font-family:inherit;font-size:10pt;">4,300,000</font><font style="font-family:inherit;font-size:10pt;"> shares of Common Stock, or approximately </font><font style="font-family:inherit;font-size:10pt;">36.70%</font><font style="font-family:inherit;font-size:10pt;"> of the then outstanding shares of Common Stock assuming such conversion. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Each outstanding share of the Preferred Stock accrues dividends calculated cumulatively at the annual rate of </font><font style="font-family:inherit;font-size:10pt;">$.0258</font><font style="font-family:inherit;font-size:10pt;"> per share (such amount subject to equitable adjustment in the event of any stock dividend, stock split, combination, reclassification other similar event), payable upon the earlier of (i) a liquidation, dissolution or winding up of the Company or (ii) conversion of the Preferred Stock into Common Stock. Upon either of such events, all such accrued and unpaid dividends, whether or not earned or declared, to and until the date of such event, will become immediately due and payable and will be paid in full. The dividends payable to the holders of the Preferred Stock is payable in cash or, at the election of any such holder, in a number of additional shares of Common Stock equal to the amount of the dividend expressed in dollars divided by the then applicable Conversion Ratio, described above. As of December 31, 2019 and June 30, 2019 the cumulative dividends payable is </font><font style="font-family:inherit;font-size:10pt;">$96,980</font><font style="font-family:inherit;font-size:10pt;"> (</font><font style="font-family:inherit;font-size:10pt;">$0.0428</font><font style="font-family:inherit;font-size:10pt;"> per share) and </font><font style="font-family:inherit;font-size:10pt;">$70,968</font><font style="font-family:inherit;font-size:10pt;"> (</font><font style="font-family:inherit;font-size:10pt;">$0.0355</font><font style="font-family:inherit;font-size:10pt;"> per share), respectively. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mr. DePiano Sr. passed away on October 3, 2019 and left a will by which he appointed Richard J. DePiano, Jr., the Chief Executive Officer of the Company, as executor. Richard DePiano Jr. was elected to serve as chairman of the Company's board. Mr. DePiano, Jr. qualified as executor and has control over the listed shares in his capacity as executor of Mr. DePiano Sr.'s estate.</font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenue Recognition</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes revenue when its performance obligations with its customers have been satisfied. At contract inception, the Company determines if the contract is within the scope of Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers, and then evaluates the contract using the following five steps: (1) identify the contract with the customer; (2) identify the performance obligations; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. The Company only recognizes revenue to the extent that it is probable that a significant revenue reversal will not occur in a future period.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company generates product revenue from the sale of medical device products and the sale and installation of the Company's AXIS image management system software. Revenue for service plans relate to the customer care plans for the Company’s equipment and AXIS image management system software.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue is recognized upon transfer of control of the promised goods or services to the customer for an amount that reflects the consideration that the Company expects to be entitled in exchange for those goods or services. The Company’s performance obligations are for product sales, installation of AXIS image management system software and customer care plans. The performance obligations are determined at contract inception based upon promises within the contract that are distinct.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The product sales and installation of AXIS image management system software performance obligations are satisfied at a point in time, which is upon shipment for product sales and upon successful installation for the AXIS image management system. The performance obligation for customer care plans is satisfied over time as the customer receives and consumes the Company’s services.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company invoices its customers upon shipment for product sales. For the installation of AXIS image management system software and customer care plans, the Company invoices its customers upon successful installation. Invoice payments are generally due within 30 days of invoice date. The transaction price is determined based on fixed consideration in the Company’s customer contracts and is recorded net of variable consideration. In determining the transaction price, a significant financing component does not exist since the timing from when the Company invoices its customers to when payment is received as it is less than one year. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue for product sales and installation of AXIS image management system software is recognized when delivered or installed. The customer care plan revenues are recognized proportionately over the service period, which is a 12-month period. </font></div><div style="line-height:174%;padding-top:12px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has elected the following practical expedients in applying ASC 606: </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unsatisfied Performance Obligations - all performance obligations relate to contracts with a duration of less than one year, the Company has elected to apply the optional exemption provided in ASC 606 and therefore, is not required to disclose the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:78px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contract Costs - all incremental customer contract acquisition costs are expensed as they are incurred as the amortization period of the asset that the Company otherwise would have recognized is one year or less in duration. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:78px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant Financing Component - the Company does not adjust the promised amount of consideration for the effects of a significant financing component as the Company expects, at contract inception, that the period between when the entity transfers a promised good or service to a customer and when the customer pays for that good or service will be one year or less. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:78px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Sales Tax Exclusion from the Transaction Price - the Company excludes from the measurement of the transaction price all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from the customer. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:78px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shipping and Handling Activities - the Company elected to account for shipping and handling activities as a fulfillment cost rather than as a separate performance obligation. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:78px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Portfolio Approach - the Company applied the Portfolio Approach to contract reviews within its identified revenue streams that have similar characteristics and the Company believes this approach would not differ materially than if applying Topic 606 to each individual contract.</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Deferred Revenues </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company records deferred revenues when cash payments are received or due in advance of its performance. The Company’s deferred revenues relate to payments received for the customer care plans for a 12-month period. The consideration received is recognized monthly over the service period. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:94.00196656833825%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:28%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(in thousands)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="6" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three Months Ended December 31,</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="7" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Six Months Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Beginning of Period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">426</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">427</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">481</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">452</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">207</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">687</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">459</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue Recognized</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">242</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">239</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">478</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">474</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">End of Period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">636</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">466</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">636</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">466</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.32841691248771%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:27%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="5" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Three Months Ended December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Six Months Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock options</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Convertible preferred stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,946,531</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,602,532</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,946,531</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,602,532</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total potential dilutive securities not included in income per share</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,159,531</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,815,532</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,159,531</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,815,532</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes convertible preferred stock and securities that, if exercised would have an anti-dilutive effect</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">on earnings per share.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:center;text-indent:48px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:92.96875%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:67%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">June 30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accrued lease termination costs</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">91</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">90</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">91</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net liabilities of discontinued operations</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(90</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(91</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.98525073746312%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:0%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Three Months Ended December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Six Months Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Numerator:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">  Numerator for basic loss per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> Net loss </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(675,343</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(217,983</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(53,970</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(265,719</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Undeclared dividends on preferred stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,012</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,011</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss applicable to common shareholders</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(688,349</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(230,989</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(79,982</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(291,730</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Numerator for diluted earnings per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss applicable to common shareholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(688,349</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(230,989</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(79,982</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(291,730</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Undeclared dividends on preferred stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,012</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,011</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(675,343</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(217,983</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(53,970</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(265,719</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator for basic loss per share - weighted average shares outstanding</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average preferred stock converted to common stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> Denominator for diluted loss per share - weighted average and assumed conversion</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic net loss per share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.09</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.03</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.01</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.04</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted net loss per share</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.09</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.03</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.01</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.04</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td></tr></table></div></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:70%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:27%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019 </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">356,414</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">272,881</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">256,311</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">188,755</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2023</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">189,790</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">96,830</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total lease payments</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,360,981</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:70%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:27%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020 (excluding the six months ending December 31, 2019)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">159,805</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">276,894</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">260,628</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2023</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">189,848</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2024</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">189,790</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">96,830</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total lease payments</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,173,795</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less interest </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">133,875</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Present value of lease liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,039,920</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of December 31, 2019 and June 30, 2019 restricted cash included </font><font style="font-family:inherit;font-size:10pt;">$254,556</font><font style="font-family:inherit;font-size:10pt;"> and $</font><font style="font-family:inherit;font-size:10pt;">253,135</font><font style="font-family:inherit;font-size:10pt;"> respectively, which was pursuant to the requirements in the TD Bank Loan entered into June 2018 (see Note 7).</font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Summary of Significant Accounting Policies</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Principles of Consolidation</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally affected in the US GAAP requires management to make estimates and assumptions that impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Cash and Cash Equivalents</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the purposes of reporting cash flows, the Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and highly liquid investments with original maturities of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">90</font><font style="font-family:inherit;font-size:10pt;"> days or less to be cash and cash equivalents. From time to time cash balances exceed federal insurance limits.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Cash </font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of December 31, 2019 and June 30, 2019 restricted cash included </font><font style="font-family:inherit;font-size:10pt;">$254,556</font><font style="font-family:inherit;font-size:10pt;"> and $</font><font style="font-family:inherit;font-size:10pt;">253,135</font><font style="font-family:inherit;font-size:10pt;"> respectively, which was pursuant to the requirements in the TD Bank Loan entered into June 2018 (see Note 7).</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Foreign Currency Translation</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's functional currency is the US dollar. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Foreign currency transaction gains or losses included in net income (loss) were immaterial for the three and six-month periods ended December 31, 2019 and 2018. </font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accounts Receivable</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts receivable are recorded at net realizable value. The Company performs ongoing credit evaluations of customers’ financial condition and does not require collateral for accounts receivable arising in the normal course of business. The Company maintains allowances for potential credit losses based on the Company’s historical trends, specific customer issues and current economic trends. Accounts are written off against the allowance when they are determined to be uncollectible based on management’s assessment of individual accounts. The Company recorded an allowance for doubtful accounts of approximately </font><font style="font-family:inherit;font-size:10pt;">$111,000</font><font style="font-family:inherit;font-size:10pt;"> as of December 31, 2019 and June 30, 2019.</font></div><div style="line-height:120%;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Inventories</font></div><div style="line-height:120%;padding-top:12px;padding-left:0px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventories include freight-in materials, labor and overhead costs, and are stated at the lower of cost (first-in, first-out) or net realizable value. The Company writes down its inventories as it becomes aware of any situation whereas the carrying amount exceeds the estimated realizable value based on assumptions about future demands and market conditions. </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.968534906588%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:66%;" rowspan="1" colspan="1"></td><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Intangible Assets and Long-Lived Assets</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Intangible assets deemed to have indefinite lives (including trademark and trade names) are not amortized but, instead, are subject to an annual impairment assessment. Additionally, if events or conditions were to indicate the carrying value or a reporting unit may not be recoverable, the Company would evaluate the other intangible assets for impairment at that time. </font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-lived assets including intangible assets deemed to have finite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment indicators include, among other conditions, cash flow deficits, historic or anticipated declines in revenue or operating profit or material adverse changes in the business climate that indicate that the carrying amount of an asset may be impaired. When impairment indicators are present, the recoverability of the asset is measured by comparing the carrying value of the asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the projected undiscounted cash flows from the asset are less than the carrying value of the asset the asset is considered to be impaired. The impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset. </font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company tests indefinite-life intangible assets for possible impairment on an annual basis at June 30, and at any other time events occur or circumstances indicate that the carrying amount of intangible assets may be impaired. Due to the current low market capitalization of the Company's common stock, the Company performed an interim impairment test on its intangible asset. The outcome of this impairment test resulted in non-cash charge for the full impairment of the indefinite-lived intangible assets (trade mark and trade names) of </font><font style="font-family:inherit;font-size:10pt;">$605,000</font><font style="font-family:inherit;font-size:10pt;">, which was recorded in the unaudited condensed consolidated financial statements for the three-month and six-month periods ended December 31, 2019. </font><font style="font-family:inherit;font-size:10pt;">No</font><font style="font-family:inherit;font-size:10pt;"> impairments were recorded in the three-month and six-month periods ended December 31, 2018. </font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accrued Warranties</font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company provides a limited one-year warranty against manufacturer’s defects on its products sold to customers. The Company’s standard warranties require the Company to repair or replace, at the Company’s discretion, defective parts during such warranty period. The Company accrues for its product warranty liabilities based on estimates of costs to be incurred during the warranty period, based on historical repair information for warranty costs.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value of Financial Instruments</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> The carrying amounts for cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximate their fair value because of their short-term maturity. The carrying amount of the accrued post retirement benefits approximates fair value since the Company utilizes approximate current market interest rates to calculate the liability. The Company determined that the carrying amount of the note payable and lease liabilities approximates fair value since such debt borrowing bears interest at the approximate current market rate. While the Company believes the carrying value of the assets and liabilities are reasonable, considerable judgment is used to develop estimates of fair value; thus the estimates are not necessarily indicative of the amounts that could be realized in a current market exchange.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Revenue Recognition</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes revenue when its performance obligations with its customers have been satisfied. At contract inception, the Company determines if the contract is within the scope of Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers, and then evaluates the contract using the following five steps: (1) identify the contract with the customer; (2) identify the performance obligations; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. The Company only recognizes revenue to the extent that it is probable that a significant revenue reversal will not occur in a future period.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company generates product revenue from the sale of medical device products and the sale and installation of the Company's AXIS image management system software. Revenue for service plans relate to the customer care plans for the Company’s equipment and AXIS image management system software.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue is recognized upon transfer of control of the promised goods or services to the customer for an amount that reflects the consideration that the Company expects to be entitled in exchange for those goods or services. The Company’s performance obligations are for product sales, installation of AXIS image management system software and customer care plans. The performance obligations are determined at contract inception based upon promises within the contract that are distinct.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The product sales and installation of AXIS image management system software performance obligations are satisfied at a point in time, which is upon shipment for product sales and upon successful installation for the AXIS image management system. The performance obligation for customer care plans is satisfied over time as the customer receives and consumes the Company’s services.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company invoices its customers upon shipment for product sales. For the installation of AXIS image management system software and customer care plans, the Company invoices its customers upon successful installation. Invoice payments are generally due within 30 days of invoice date. The transaction price is determined based on fixed consideration in the Company’s customer contracts and is recorded net of variable consideration. In determining the transaction price, a significant financing component does not exist since the timing from when the Company invoices its customers to when payment is received as it is less than one year. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue for product sales and installation of AXIS image management system software is recognized when delivered or installed. The customer care plan revenues are recognized proportionately over the service period, which is a 12-month period. </font></div><div style="line-height:174%;padding-top:12px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has elected the following practical expedients in applying ASC 606: </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unsatisfied Performance Obligations - all performance obligations relate to contracts with a duration of less than one year, the Company has elected to apply the optional exemption provided in ASC 606 and therefore, is not required to disclose the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:78px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contract Costs - all incremental customer contract acquisition costs are expensed as they are incurred as the amortization period of the asset that the Company otherwise would have recognized is one year or less in duration. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:78px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant Financing Component - the Company does not adjust the promised amount of consideration for the effects of a significant financing component as the Company expects, at contract inception, that the period between when the entity transfers a promised good or service to a customer and when the customer pays for that good or service will be one year or less. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:78px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Sales Tax Exclusion from the Transaction Price - the Company excludes from the measurement of the transaction price all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from the customer. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:78px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shipping and Handling Activities - the Company elected to account for shipping and handling activities as a fulfillment cost rather than as a separate performance obligation. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:78px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:78px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Portfolio Approach - the Company applied the Portfolio Approach to contract reviews within its identified revenue streams that have similar characteristics and the Company believes this approach would not differ materially than if applying Topic 606 to each individual contract.</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Deferred Revenues </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company records deferred revenues when cash payments are received or due in advance of its performance. The Company’s deferred revenues relate to payments received for the customer care plans for a 12-month period. The consideration received is recognized monthly over the service period. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:94.00196656833825%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:28%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(in thousands)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="6" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three Months Ended December 31,</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="7" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Six Months Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Beginning of Period</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">426</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">498</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">427</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">481</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">452</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">207</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">687</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">459</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue Recognized</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">242</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">239</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">478</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">474</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">End of Period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">636</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">466</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">636</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">466</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Earnings (Loss) Per Share</font><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. All outstanding stock options are considered potential common stock. All outstanding convertible preferred stock are considered common stock at the beginning of the period or at the time of issuance, if later, pursuant to the if-converted method. The dilutive effect, if any, of stock options is calculated using the treasury stock method. As of December 31, 2019 and 2018, the average market prices for the three-month and six-month periods then ended are less than the exercise price of all the outstanding stock options and, therefore, the inclusion of the stock options would be anti-dilutive. In addition, since the effect of common stock equivalents is anti-dilutive with respect to losses, the convertible preferred stock has also been excluded from the Company’s computation of loss per common for the three-month and six-month periods ended December 31, 2019 and 2018.  Therefore, basic and diluted loss per common share for the three-month and six-month periods ended December 31, 2019 and 2018 are the same. </font></div><div style="line-height:120%;padding-top:12px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:94.98525073746312%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:0%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Three Months Ended December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Six Months Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Numerator:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">  Numerator for basic loss per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> Net loss </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(675,343</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(217,983</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(53,970</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(265,719</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Undeclared dividends on preferred stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,012</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,011</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss applicable to common shareholders</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(688,349</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(230,989</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(79,982</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(291,730</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Numerator for diluted earnings per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss applicable to common shareholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(688,349</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(230,989</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(79,982</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(291,730</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Undeclared dividends on preferred stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,012</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,011</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(675,343</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(217,983</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(53,970</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(265,719</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator for basic loss per share - weighted average shares outstanding</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average preferred stock converted to common stock</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> Denominator for diluted loss per share - weighted average and assumed conversion</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,415,329</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss per share:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic net loss per share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.09</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.03</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.01</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.04</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted net loss per share</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.09</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.03</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.01</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(0.04</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes convertible preferred stock and securities that, if exercised would have an anti-dilutive effect</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">on earnings per share.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.32841691248771%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:27%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="5" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Three Months Ended December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Six Months Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock options</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">213,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Convertible preferred stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,946,531</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,602,532</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,946,531</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,602,532</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total potential dilutive securities not included in income per share</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,159,531</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,815,532</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,159,531</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,815,532</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Income Taxes</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the unaudited condensed consolidated financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. As of December 31, 2019 and June 30, 2019, the Company has a fully recorded valuation allowance against its deferred tax assets.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes interest and penalties related to unrecognized tax benefits on the income tax expense line in the accompanying unaudited condensed consolidated statements of operations. As of December 31, 2019 and June 30, 2019, no accrued interest or penalties were required to be included on the related tax liability line in the unaudited condensed consolidated balance sheets.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Leases</font></div><div style="line-height:120%;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company determines if an arrangement is a lease at the inception of a contract. Operating lease right-of-use ("ROU") assets are included in right-of-use assets on the unaudited condensed consolidated balance sheets. The current and long-term components of operating lease liabilities are included in the current portion of operating lease liabilities and operating lease liabilities, net of current portion, respectively on the unaudited condensed consolidated balance sheets. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. Certain leases may include options to extend or terminate the lease. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Lease deposits of </font><font style="font-family:inherit;font-size:10pt;">$51,915</font><font style="font-family:inherit;font-size:10pt;"> in the June 30, 2019 consolidated balance sheet has been reclassed from other current assets to the other assets be conformity with the current period presentation.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recently Issued Accounting Standards</font></div><div style="line-height:120%;padding-top:12px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> The Company considers the applicability and impact of all accounting standards updates ("ASUs"). Management periodically reviews new accounting standards that are issued. </font></div><div style="line-height:120%;padding-top:12px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New Accounting Pronouncements Recently Adopted</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective July 1, 2019, the Company adopted ASU No. 2016-02, Leases (Topic 842), using the cumulative effect adjustment method and elected certain practical expedients allowed under the standard. Upon adoption, the Company recognized ROU assets and a lease liability of $</font><font style="font-family:inherit;font-size:10pt;">1,138,000</font><font style="font-family:inherit;font-size:10pt;"> and $</font><font style="font-family:inherit;font-size:10pt;">1,208,000</font><font style="font-family:inherit;font-size:10pt;"> respectively. The adoption didn't materially impact the Company's unaudited condensed consolidated statements of operations or cash flows. See Note 10 for additional information on the Company's adoption of this standard. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2018 the FASB issued ASU 2018-07 Improvements to Nonemployee Share-Based Payment Accounting (Topic 718) that expands the scope to include share-based payment transactions for acquiring goods and services from non-employees. An entity should apply the requirements to nonemployee awards except for certain exemptions specified in the amendment. The guidance is effective for fiscal years beginning after December 15, 2018, including interim reporting periods within that fiscal year. Early adoption is permitted. The adoption of ASU 2018-07 did not have a material impact on the Company's unaudited condensed consolidated financial statements. </font></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New Accounting Pronouncements Not yet Adopted</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2016 the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which adds a new Topic 326 to the Codification and removes the thresholds that companies apply to measure credit losses on financial instruments measured at amortized cost, such as loans, receivables, and held-to-maturity debt securities. The guidance in ASU 2016-13 is effective for “public business entities,” as defined, that are SEC filers for fiscal years and for interim periods with those fiscal years beginning after December 15, 2022. Early adoption of the guidance is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The adoption of this standard is not expected to have a material impact to the Company’s unaudited condensed consolidated financial statements.</font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company provides a limited one-year warranty against manufacturer’s defects on its products sold to customers. The Company’s standard warranties require the Company to repair or replace, at the Company’s discretion, defective parts during such warranty period. The Company accrues for its product warranty liabilities based on estimates of costs to be incurred during the warranty period, based on historical repair information for warranty costs.</font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts receivable are recorded at net realizable value. The Company performs ongoing credit evaluations of customers’ financial condition and does not require collateral for accounts receivable arising in the normal course of business. The Company maintains allowances for potential credit losses based on the Company’s historical trends, specific customer issues and current economic trends. Accounts are written off against the allowance when they are determined to be uncollectible based on management’s assessment of individual accounts. The Company recorded an allowance for doubtful accounts of approximately </font><font style="font-family:inherit;font-size:10pt;">$111,000</font><font style="font-family:inherit;font-size:10pt;"> as of December 31, 2019 and June 30, 2019.</font></div><div style="line-height:120%;padding-left:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally affected in the US GAAP requires management to make estimates and assumptions that impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

EX-101.SCH 7 esmc-20191231.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2420402 - Disclosure - Concentration of credit risk (Details) link:presentationLink link:calculationLink link:definitionLink 2120100 - Disclosure - Concentration of credit risk (Notes) link:presentationLink link:calculationLink link:definitionLink 2320301 - Disclosure - Concentration of credit risk (Tables) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 1001501 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1005000 - Statement - Consolidated Statements Of Cash Flows link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - Consolidated Statements Of Operations link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - Consolidated Statements Of Shareholders' Equity and Comprehensive Loss link:presentationLink link:calculationLink link:definitionLink 2411402 - Disclosure - Discontinued operation (Details) link:presentationLink link:calculationLink link:definitionLink 2111100 - Disclosure - Discontinued operation (Notes) link:presentationLink link:calculationLink link:definitionLink 2311301 - Disclosure - Discontinued operation (Tables) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document And Entity Information link:presentationLink link:calculationLink link:definitionLink 2404402 - Disclosure - Going concern (Details) link:presentationLink link:calculationLink link:definitionLink 2104100 - Disclosure - Going concern (Notes) link:presentationLink link:calculationLink link:definitionLink 2304301 - Disclosure - Going concern (Tables) link:presentationLink link:calculationLink link:definitionLink 2431402 - Disclosure - Inventories (Details) link:presentationLink link:calculationLink link:definitionLink 2131100 - Disclosure - Inventories (Notes) link:presentationLink link:calculationLink link:definitionLink 2331301 - Disclosure - Inventories (Tables) link:presentationLink link:calculationLink link:definitionLink 2432403 - Disclosure - Leases (Details) link:presentationLink link:calculationLink link:definitionLink 2132100 - Disclosure - Leases (Notes) link:presentationLink link:calculationLink link:definitionLink 2232201 - Disclosure - Leases (Policies) link:presentationLink link:calculationLink link:definitionLink 2332302 - Disclosure - Leases (Tables) link:presentationLink link:calculationLink link:definitionLink 2418401 - Disclosure - Line of credit (Details) link:presentationLink link:calculationLink link:definitionLink 2118100 - Disclosure - Line of credit (Notes) link:presentationLink link:calculationLink link:definitionLink 2103100 - Disclosure - Organization and Description of Business link:presentationLink link:calculationLink link:definitionLink 2403401 - Disclosure - Organization and Description of Business (Details) link:presentationLink link:calculationLink link:definitionLink 2113100 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 2413401 - Disclosure - Related Party Transactions (Details) link:presentationLink link:calculationLink link:definitionLink 2430402 - Disclosure - Retirement and post retirement plans (Details) link:presentationLink link:calculationLink link:definitionLink 2130100 - Disclosure - Retirement and post retirement plans (Notes) link:presentationLink link:calculationLink link:definitionLink 2330301 - Disclosure - Retirement and post retirement plans (Tables) link:presentationLink link:calculationLink link:definitionLink 2421403 - Disclosure - Revenue from contracts with customers (Details) link:presentationLink link:calculationLink link:definitionLink 2121100 - Disclosure - Revenue from contracts with customers (Notes) link:presentationLink link:calculationLink link:definitionLink 2221201 - Disclosure - Revenue from contracts with customers (Policies) link:presentationLink link:calculationLink link:definitionLink 2321302 - Disclosure - Revenue from contracts with customers (Tables) link:presentationLink link:calculationLink link:definitionLink 2105100 - Disclosure - Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 2405406 - Disclosure - Significant Accounting Policies (Accounts Receivable) (Details) link:presentationLink link:calculationLink link:definitionLink 2405403 - Disclosure - Significant Accounting Policies (Cash and Cash Equivalents) (Details) link:presentationLink link:calculationLink link:definitionLink 2405414 - Disclosure - Significant Accounting Policies deferred revenue (Details) link:presentationLink link:calculationLink link:definitionLink 2405409 - Disclosure - Significant Accounting Policies Earning per share details (Details) link:presentationLink link:calculationLink link:definitionLink 2405410 - Disclosure - Significant Accounting Policies Goodwill and intangible assets (Details) link:presentationLink link:calculationLink link:definitionLink 2405411 - Disclosure - Significant Accounting Policies Income tax (Details) link:presentationLink link:calculationLink link:definitionLink 2405404 - Disclosure - Significant Accounting Policies (Inventory) (Details) link:presentationLink link:calculationLink link:definitionLink 2405408 - Disclosure - Significant Accounting Policies (Net Income (loss) Per Share) (Details) link:presentationLink link:calculationLink link:definitionLink 2205201 - Disclosure - Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 2305302 - Disclosure - Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 esmc-20191231_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 9 esmc-20191231_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 10 esmc-20191231_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Going concern [Abstract] Going concern [Abstract] Liquidity Disclosure [Policy Text Block] Substantial Doubt about Going Concern [Text Block] Accounting Policies [Abstract] Allowance for Doubtful Accounts Receivable Allowance for Doubtful Accounts Receivable Concentration Risk, Percentage Concentration Risk, Percentage Allowance for Doubtful Accounts Receivable, Recoveries Allowance for Doubtful Accounts Receivable, Recoveries Concentration of credit risks [Abstract] Concentration of credit risks [Abstract] Concentration Risk [Table] Concentration Risk [Table] Concentration Risk Benchmark [Axis] Concentration Risk Benchmark [Axis] Concentration Risk Benchmark [Domain] Concentration Risk Benchmark [Domain] Concentration Risk Type [Axis] Concentration Risk Type [Axis] Concentration Risk Type [Domain] Concentration Risk Type [Domain] Concentration Risk [Line Items] Concentration Risk [Line Items] Schedules of Concentration of Risk, by Risk Factor [Table Text Block] Schedules of Concentration of Risk, by Risk Factor [Table Text Block] Organization, Consolidation and Presentation of Financial Statements [Abstract] Organization and Description of Business and Business Conditions Nature of Operations [Text Block] Inventory Disclosure [Abstract] Inventory Disclosure [Text Block] Inventory Disclosure [Text Block] Schedule of Inventory, Current [Table Text Block] Schedule of Inventory, Current [Table Text Block] Earning per share [Abstract] Earning per share [Abstract] Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Antidilutive Securities [Axis] Antidilutive Securities [Axis] Antidilutive Securities, Name [Domain] Antidilutive Securities, Name [Domain] Convertible Preferred Stock [Member] Convertible Preferred Stock [Member] Equity Option [Member] Equity Option [Member] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Net loss Net Income (Loss) Attributable to Parent Preferred Stock Dividends, Income Statement Impact Preferred Stock Dividends, Income Statement Impact Net Income (Loss) Available to Common Stockholders, Diluted Net Income (Loss) Available to Common Stockholders, Diluted Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic Convertible Preferred Dividends, Net of Tax Convertible Preferred Dividends, Net of Tax Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities Weighted average shares - basic Weighted Average Number of Shares Outstanding, Basic Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock Weighted average shares - diluted Weighted Average Number of Shares Outstanding, Diluted Earnings (Loss) Per Share, Basic Earnings Per Share, Basic Earnings (Loss) Per Share, Diluted Earnings Per Share, Diluted Revenue from Contract with Customer [Abstract] Revenue from Contract with Customer [Text Block] Revenue from Contract with Customer [Text Block] Statement of Financial Position [Abstract] Preferred stock, par value Preferred Stock, Par or Stated Value Per Share Preferred stock, shares authorized Preferred Stock, Shares Authorized Preferred Stock, Shares Issued Preferred Stock, Shares Issued Common stock, par value Common Stock, Par or Stated Value Per Share Common stock, shares authorized Common Stock, Shares Authorized Common stock, shares issued Common Stock, Shares, Issued Common stock, shares outstanding Common Stock, Shares, Outstanding Income Tax Disclosure [Abstract] Statement of Cash Flows [Abstract] Statement [Table] Statement [Table] Disposal Group Name [Axis] Disposal Group Name [Axis] Disposal Group Name [Domain] Disposal Group Name [Domain] Statement [Line Items] Statement [Line Items] Cash Flows from Operating Activities: Net Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net loss to net cash used in operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Provision for Doubtful Accounts Provision for Doubtful Accounts Other income Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property Depreciation and amortization Depreciation, Depletion and Amortization Change in operating assets and liabilities: Increase (Decrease) in Operating Capital [Abstract] Increaser(Decrease) in Accounts Receivable Increase (Decrease) in Accounts Receivable Increase (Decrease) in Inventories Increase (Decrease) in Inventories Increase (Decrease) in Other Operating Assets Increase (Decrease) in Other Operating Assets Increase (Decrease) in Other Noncurrent Assets Increase (Decrease) in Other Noncurrent Assets Increase (Decrease) in Deferred Revenue Increase (Decrease) in Deferred Revenue Increase (decrease) in liabilities of discontinued operations Increase (decrease) in liabilities of discontinued operations Increase (decrease) in liabilities of discontinued operations Related Party Transaction, Due from (to) Related Party Related Party Transaction, Due from (to) Related Party Increase (Decrease) in Accounts Payable Increase (Decrease) in Accounts Payable Increase (Decrease) in Accrued Liabilities Increase (Decrease) in Accrued Liabilities Increase (Decrease) in Other Accrued Liabilities Increase (Decrease) in Other Accrued Liabilities Increase (Decrease) in Employee Related Liabilities Increase (Decrease) in Employee Related Liabilities Change in accrued post-retirement benefits Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits Payments for Leasing Costs Payments for Leasing Costs Other Operating Activities, Cash Flow Statement Other Operating Activities, Cash Flow Statement Employee Benefits and Share-based Compensation, Noncash Employee Benefits and Share-based Compensation, Noncash Net cash provided by(used in) operating activities Net Cash Provided by (Used in) Operating Activities, Continuing Operations Net Cash Provided by (Used in) Operating Activities Net Cash Provided by (Used in) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used in) Investing Activities [Abstract] Purchase of fixed assets Payments to Acquire Productive Assets Payments to Acquire Other Productive Assets Payments to Acquire Other Productive Assets Net Cash Provided by (Used in) Investing Activities Net Cash Provided by (Used in) Investing Activities, Continuing Operations Net Cash Provided by (Used in) Investing Activities Net Cash Provided by (Used in) Investing Activities Net Cash provided by (used in) Financing Activities: Net Cash Provided by (Used in) Financing Activities [Abstract] Repayments of related party note payable Proceeds from Related Party Debt Repayments of Notes Payable Repayments of Notes Payable Proceeds from (Repayments of) Lines of Credit Proceeds from (Repayments of) Lines of Credit Net Cash Provided by (Used in) Financing Activities Net Cash Provided by (Used in) Financing Activities Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Cash and cash equivalents, beginning of period Cash and Cash Equivalents, at Carrying Value Restricted Cash Restricted Cash Cash, cash equivalent and restricted cash, end of period Cash Supplemental Schedule of Cash Flow Information: Supplemental Cash Flow Information [Abstract] Interest Paid, Excluding Capitalized Interest, Operating Activities Interest Paid, Excluding Capitalized Interest, Operating Activities Notes Assumed Notes Assumed Statement of Stockholders' Equity [Abstract] Statement, Equity Components [Axis] Equity Components [Axis] Total Shareholders' Equity [Domain] Equity Component [Domain] Common Stock [Member] Common Stock [Member] Preferred Stock [Member] Preferred Stock [Member] Additional Paid-in Capital [Member] Additional Paid-in Capital [Member] Accumulated Deficit [Member] Retained Earnings [Member] Preferred Stock, Shares Outstanding Preferred Stock, Shares Outstanding Convertible Preferred Stock, Shares Issued upon Conversion Convertible Preferred Stock, Shares Issued upon Conversion Stock Issued During Period, Value, Conversion of Convertible Securities Stock Issued During Period, Value, Conversion of Convertible Securities Balance Stockholders' Equity Attributable to Parent Balance, shares Shares, Outstanding Treasury Stock, Shares, Retired Treasury Stock, Shares, Retired Treasury Stock, Retired, Par Value Method, Amount Treasury Stock, Retired, Par Value Method, Amount Balance Balance, shares Preferred Stock, Value, Issued Preferred Stock, Value, Issued Related Party Transactions [Abstract] Related Party Transactions Related Party Transactions Disclosure [Text Block] Leases 842 [Abstract] Leases 842 [Abstract] Schedule of Future Minimum Rental Payments for Operating Leases Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] Schedule or Description of Weighted Average Discount Rate [Table Text Block] Schedule or Description of Weighted Average Discount Rate [Table Text Block] Lease, Cost [Table Text Block] Lease, Cost [Table Text Block] Short-term Lease Payments Short-term Lease Payments Leases of Lessee Disclosure [Text Block] Leases of Lessee Disclosure [Text Block] Geographical [Axis] Geographical [Axis] Geographical [Domain] Geographical [Domain] Domestic [Member] UNITED STATES International [Member] Non-US [Member] Accounts Receivable [Member] Accounts Receivable [Member] Customer Concentration Risk [Member] Customer Concentration Risk [Member] Geographic Concentration Risk [Member] Geographic Concentration Risk [Member] Customer [Axis] Customer [Axis] Customer [Domain] Customer [Domain] Customer One [Member] Customer One [Member] Customer One [Member] Customer Two [Member] Customer Two [Member] Customer Two [Member] Customer Three [Member] Customer Three [Member] Customer Three [Member] Concentration Risk, Customer Concentration Risk, Customer Concentration Risk, Credit Risk, Financial Instruments Concentration Risk, Credit Risk, Financial Instruments Concentration Risk, Supplier Concentration Risk, Supplier Revenues Revenues Deferred Revenue Arrangement, by Type [Table] Deferred Revenue Arrangement, by Type [Table] Deferred Revenue Arrangement Type [Axis] Deferred Revenue Arrangement Type [Axis] Deferred Revenue [Domain] Deferred Revenue [Domain] Deferred Revenue Arrangement [Line Items] Deferred Revenue Arrangement [Line Items] Deferred Revenue [Abstract] Deferred Revenue [Abstract] Movement in Deferred Revenue [Roll Forward] Movement in Deferred Revenue [Roll Forward] Deferred Revenue Deferred Revenue Deferred Revenue, Additions Deferred Revenue, Additions Deferred Revenue, Revenue Recognized Deferred Revenue, Revenue Recognized Discontinued Operations and Disposal Groups [Abstract] Disposal Groups, Including Discontinued Operations [Table] Disposal Groups, Including Discontinued Operations [Table] Legal Entity [Axis] Legal Entity [Axis] Entity [Domain] Entity [Domain] BH Holdings, S.A.S [Member] BH Holdings, S.A.S [Member] BH Holdings, S.A.S [Member] Disposal Group Name [Domain] Disposal Group Classification [Axis] Disposal Group Classification [Axis] Disposal Group Classification [Domain] Disposal Group Classification [Domain] Income Statement Location [Axis] Income Statement Location [Axis] Income Statement Location [Domain] Income Statement Location [Domain] Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] Bankruptcy Proceedings, Operating Period During Liquidation Bankruptcy Proceedings, Operating Period During Liquidation Liquidation Period Disposal Group, Including Discontinued Operation, Assets Disposal Group, Including Discontinued Operation, Assets Disposal Group, Including Discontinued Operation, Other Liabilities, Current Disposal Group, Including Discontinued Operation, Other Liabilities, Current Disposal Group, Including Discontinued Operation, Liabilities Disposal Group, Including Discontinued Operation, Liabilities Assets (Liabilities) of Disposal Group, Including Discontinued Operation, Net Assets (Liabilities) of Disposal Group, Including Discontinued Operation, Net Assets (Liabilities) of Disposal Group, Including Discontinued Operation, Net Retirement Benefits [Abstract] Schedule of Changes in Fair Value of Plan Assets [Table Text Block] Schedule of Changes in Fair Value of Plan Assets [Table Text Block] Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] Deferred Revenue, by Arrangement, Disclosure [Table Text Block] Deferred Revenue, by Arrangement, Disclosure [Table Text Block] schedule of inventory [Abstract] schedule of inventory [Abstract] Inventory, Raw Materials, Net of Reserves Inventory, Raw Materials, Net of Reserves Inventory, Work in Process, Net of Reserves Inventory, Work in Process, Net of Reserves Inventory, Finished Goods, Net of Reserves Inventory, Finished Goods, Net of Reserves Inventory, net Inventory, Net Postemployment Benefit Plans, Policy [Policy Text Block] Postemployment Benefit Plans, Policy [Policy Text Block] Retained Earnings (Accumulated Deficit) Retained Earnings (Accumulated Deficit) Accrued expenses [Abstract] Accrued expenses [Abstract] Payment for Pension and Other Postretirement Benefits Payment for Pension and Other Postretirement Benefits Liability, Retirement and Postemployment Benefits Liability, Retirement and Postemployment Benefits Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate Other Income Other Income Current portion of post-retirement benefits (related party) Liability, Defined Benefit Plan, Current Income Statement [Abstract] Revenue from External Customers by Products and Services [Table] Revenue from External Customers by Products and Services [Table] Product and Service [Axis] Product and Service [Axis] Product and Service [Domain] Product and Service [Domain] Product [Member] Product [Member] Service [Member] Service [Member] Revenue from External Customer [Line Items] Revenue from External Customer [Line Items] Revenue from Contract with Customer, Including Assessed Tax Revenue from Contract with Customer, Including Assessed Tax Costs and expenses: Costs and Expenses [Abstract] Cost of Goods and Services Sold Cost of Goods and Services Sold Marketing, general and administrative Selling, General and Administrative Expense Research and development Research and Development Expense EX-101.PRE 11 esmc-20191231_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 12 R29.htm IDEA: XBRL DOCUMENT

Significant Accounting Policies deferred revenue (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Jun. 30, 2018
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue	$ 636	$ 466	$ 498	$ 636	$ 426	$ 427	$ 481
Deferred Revenue, Additions	452	207	459	687
Deferred Revenue, Revenue Recognized	$ 242	$ 239	$ 474	$ 478

XML 13 R25.htm IDEA: XBRL DOCUMENT

Significant Accounting Policies (Accounts Receivable) (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Accounting Policies [Abstract]
Allowance for Doubtful Accounts Receivable	$ 111

XML 14 R21.htm IDEA: XBRL DOCUMENT

Leases (Tables)

6 Months Ended

Dec. 31, 2019

USD ($)

Leases 842 [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases



	Operating

2019	$	356,414
2020	272,881
2021	256,311
2022	188,755
2023	189,790
Thereafter	96,830
Total lease payments	$	1,360,981



	Operating

2020 (excluding the six months ending December 31, 2019)	$	159,805
2021	276,894
2022	260,628
2023	189,848
2024	189,790
Thereafter	96,830
Total lease payments	1,173,795
Less interest	133,875
Present value of lease liabilities	$	1,039,920

Lease, Cost [Table Text Block]



	Three Months Ended		Six Months Ended
	December 31, 2019		December 31, 2019
Operating lease costs:
Fixed	104,449		208,898
Total:	$	104,449	$	208,898



	Three Months Ended		Six Months Ended
	December 31, 2019		December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	101,053		200,629
Total	$	101,053	$	200,629



	December 31,
	2019
Weighted-average remaining lease terms (years)
Operating leases	4.36
Weighted-average discount rate
Operating leases	5.65	%

Short-term Lease Payments

$ 101,053

Leases of Lessee Disclosure [Text Block]



		December 31,
Leases (operating)	Classification on the Balance Sheet	2019
Assets
Operating lease ROU assets	Right-of-use asset	$	972,244
Liabilities
Current	Current portion of operating lease liabilities	251,057
Non-current	Operating lease liabilities	788,863

The components of lease costs included in cost of goods sold and marketing, general and administrative costs were as follows:



	Three Months Ended		Six Months Ended
	December 31, 2019		December 31, 2019
Operating lease costs:
Fixed	104,449		208,898
Total:	$	104,449	$	208,898

Supplemental cash flow information was as follows:



	Three Months Ended		Six Months Ended
	December 31, 2019		December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	101,053		200,629
Total	$	101,053	$	200,629

Leases recorded on the balance sheet consist of the following:



		December 31,
Leases (operating)	Classification on the Balance Sheet	2019
Assets
Operating lease ROU assets	Right-of-use asset	$	972,244
Liabilities
Current	Current portion of operating lease liabilities	251,057
Non-current	Operating lease liabilities	788,863

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate)

under noncancelable operating leases with terms of more than one year to the total operating lease liabilities

recognized on the unaudited condensed consolidated balance sheets as of December 31, 2019:

The aggregate future lease payments for operating leases as of December 31, 2019 were as follows:



	Operating

2020 (excluding the six months ending December 31, 2019)	$	159,805
2021	276,894
2022	260,628
2023	189,848
2024	189,790
Thereafter	96,830
Total lease payments	1,173,795
Less interest	133,875
Present value of lease liabilities	$	1,039,920

Average lease terms and discount rates were as follows:



	December 31,
	2019
Weighted-average remaining lease terms (years)
Operating leases	4.36
Weighted-average discount rate
Operating leases	5.65	%

Disclosures related to periods prior to adoption of ASU 2016-02



	Operating

2019	$	356,414
2020	272,881
2021	256,311
2022	188,755
2023	189,790
Thereafter	96,830
Total lease payments	$	1,360,981

The rent expense for the three months ended December 31, 2018 was approximately $114,000.

XML 15 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 16 R3.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Jun. 30, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred Stock, Shares Issued	2,000,000	2,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	35,000,000	35,000,000
Common stock, shares issued	7,415,329	7,415,329
Common stock, shares outstanding	7,415,329	7,415,329

XML 17 R7.htm IDEA: XBRL DOCUMENT

Organization and Description of Business	6 Months Ended
Organization and Description of Business	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business and Business Conditions	Escalon Medical Corp. ("Escalon" or "Company") is a Pennsylvania corporation initially incorporated in California in 1987, and reincorporated in Pennsylvania in November 2001. Within this document, the “Company” collectively shall mean Escalon, which includes its division called "Trek" and its wholly owned subsidiaries: Sonomed, Inc. (“Sonomed”), Escalon Digital Solutions, Inc. (“EMI”), Escalon Holdings, Inc. (“EHI”), Escalon IP Holdings, Inc., and Sonomed IP Holdings, Inc. The Company operates in the healthcare market, specializing in the development, manufacture, marketing and distribution of medical devices and pharmaceuticals in the area of ophthalmology. The Company and its products are subject to regulation and inspection by the United States Food and Drug Administration (the “FDA”). The FDA and other government authorities require extensive testing of new products prior to sale and have jurisdiction over the safety, efficacy and manufacture of products, as well as product labeling and marketing. The unaudited condensed consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission, and reflect all adjustments (consisting of only normal and recurring adjustments) which are, in the opinion of management, necessary to present fairly the unaudited condensed consolidated financial information required herein. Certain information and note disclosures normally included in financial statement prepared in accordance with accounting principles generally accepted in the United Statements of America ("US GAAP") have been condensed or omitted pursuant to such rules and regulations. While management believes that the disclosures are adequate to make the information presented not misleading, it is suggested that these unaudited condensed consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company's Annual Report on Form 10-K filed with the Security and Exchange Commission for the fiscal year ended June 30, 2019. The results of operations for the six-month period ended December 31, 2019 are not necessarily indicative of the results to be expected for the full year. The Company’s common stock trades on the OTCQB Market under the symbol “ESMC.”

XML 18 R30.htm IDEA: XBRL DOCUMENT

Discontinued operation (Details) - USD ($) $ in Thousands	Jan. 18, 2012	Dec. 31, 2019	Jun. 30, 2019	Jun. 30, 2015
BH Holdings, S.A.S [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets		$ 0	$ 0
Disposal Group, Including Discontinued Operation, Other Liabilities, Current		90	91	$ 86
Disposal Group, Including Discontinued Operation, Liabilities		90	91
Assets (Liabilities) of Disposal Group, Including Discontinued Operation, Net		$ (90)	$ (91)
BH Holdings, S.A.S [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Bankruptcy Proceedings, Operating Period During Liquidation	3 months

XML 19 R34.htm IDEA: XBRL DOCUMENT

Revenue from contracts with customers (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Jun. 30, 2018
Movement in Deferred Revenue [Roll Forward]
Deferred Revenue	$ 636	$ 466	$ 498	$ 636	$ 426	$ 427	$ 481
Deferred Revenue, Additions	452	207	459	687
Deferred Revenue, Revenue Recognized	$ 242	$ 239	$ 474	$ 478

XML 20 R17.htm IDEA: XBRL DOCUMENT

Significant Accounting Policies (Tables)

6 Months Ended

Dec. 31, 2019

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]



	For the Three Months Ended December 31,		For the Six Months Ended December 31,
	2019	2018	2019	2018
Stock options	213,000	213,000	213,000	213,000
Convertible preferred stock	4,946,531	4,602,532	4,946,531	4,602,532
Total potential dilutive securities not included in income per share	5,159,531	4,815,532	5,159,531	4,815,532

The following table summarizes convertible preferred stock and securities that, if exercised would have an anti-dilutive effect

on earnings per share.

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]



	For the Three Months Ended December 31,						For the Six Months Ended December 31,
	2019			2018			2019				2018
Numerator:
Numerator for basic loss per share:
Net loss	$	(675,343	)	$	(217,983	)	$	(53,970	)		$	(265,719	)
Undeclared dividends on preferred stock	13,006			13,006			26,012				26,011
Net loss applicable to common shareholders	$	(688,349	)	$	(230,989	)	$	(79,982	)		$	(291,730	)
Numerator for diluted earnings per share:
Net loss applicable to common shareholders	$	(688,349	)	$	(230,989	)	$	(79,982	)		$	(291,730	)
Undeclared dividends on preferred stock	13,006			13,006			26,012				26,011
Net loss	$	(675,343	)	$	(217,983	)	$	(53,970	)		$	(265,719	)
Denominator:
Denominator for basic loss per share - weighted average shares outstanding	7,415,329			7,415,329			7,415,329				7,415,329
Weighted average preferred stock converted to common stock	—			—							—
Denominator for diluted loss per share - weighted average and assumed conversion	7,415,329			7,415,329			7,415,329			—	7,415,329
Net loss per share:
Basic net loss per share	$	(0.09	)	$	(0.03	)	$	(0.01	)		$	(0.04	)
Diluted net loss per share	$	(0.09	)	$	(0.03	)	$	(0.01	)		$	(0.04	)

Schedule of Inventory, Current [Table Text Block]



	December 31,		June 30,
(in thousands)	2019		2019
Inventories, net:
Raw Material	$	887	$	875
Work-In-Process	183		225
Finished Goods	894		779
Total	$	1,964	$	1,879

Deferred Revenue, by Arrangement, Disclosure [Table Text Block]



(in thousands)	Three Months Ended December 31,				Six Months Ended December 31,
	2019		2018		2019		2018
Beginning of Period	$	426	$	498	$	427	$	481
Additions	452		207		687		459
Revenue Recognized	242		239		478		474
End of Period	636		$	466	$	636	$	466

XML 21 R13.htm IDEA: XBRL DOCUMENT

Concentration of credit risk (Notes)

6 Months Ended

Dec. 31, 2019

Concentration Risk [Line Items]

Concentration Risk Disclosure [Text Block]

Concentration of Credit Risk

Credit Risk

Major Customer

Major Supplier

Foreign Sales

Domestic and international sales from continuing operations are as follows:



( in thousands)	For the Three Months Ended December 31,								For the Six Months Ended December 31,
	2019				2018				2019				2018
Domestic	$	1,590	58.0	%	$	1,441	59.6	%	$	3,056	60.8	%	$	2,913	62.3	%
Foreign	1,150		42.0	%	978		40.4	%	1,972		39.2	%	1,764		37.7	%
Total	$	2,740	100.0	%	$	2,419	100.0	%	$	5,028	100.0	%	$	4,677	100.0	%

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

XML 25 R35.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Retirement and post retirement plans (Details) - USD ($)
6 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Jun. 30, 2019

Accrued expenses [Abstract]

Payment for Pension and Other Postretirement Benefits $ 8,491

Liability, Retirement and Postemployment Benefits $ 791,985

Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 4.50%

Other Income $ 758,000

Current portion of post-retirement benefits (related party) $ 0 $ 101,891

X

- Definition
Accrued expenses [Abstract]
+ References
No definition available.
+ Details

Name: esmc_AccruedexpensesAbstract

Namespace Prefix: esmc_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average rate for present value of future retirement benefits cash flows, used to determine benefit obligation of defined benefit plan.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)(1)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920
+ Details

Name: us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Amount of revenue and income classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.4)
-URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263
+ Details

Name: us-gaap_OtherIncome

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of liability, recognized in statement of financial position, for pension, other postretirement and postemployment benefits.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109237824&loc=d3e1703-114919

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(15))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 712
-SubTopic 10
-Section 25
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6410138&loc=d3e79691-111665
+ Details

Name: us-gaap_PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrentAndNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of cash outflow for pension and other postretirement benefits. Includes, but is not limited to, employer contribution to fund plan asset and payment to retiree.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 25
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3536-108585
+ Details

Name: us-gaap_PensionAndOtherPostretirementBenefitContributions

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of liability, recognized in statement of financial position, for defined benefit pension and other postretirement plans, classified as current.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109237824&loc=d3e1703-114919

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109237824&loc=d3e1731-114919

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920
+ Details

Name: us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 26 R16.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Leases (Policies)
6 Months Ended

Dec. 31, 2019

Leases 842 [Abstract]

Leases of Lessee Disclosure [Text Block]

December 31,
Leases (operating)

Classification on the Balance Sheet

2019
Assets

Operating lease ROU assets

Right-of-use asset

$
972,244

Liabilities

Current

Current portion of operating lease liabilities

251,057

Non-current

Operating lease liabilities

788,863

The Company adopted ASC Topic 842-Leases as of July 1, 2019, using the cumulative effective adjustment method wherein the Company applied the new lease standard at adoption date. Accordingly, all periods prior to July 1, 2019 were presented in accordance with the previous ASC Topic 840, Leases, and no retrospective adjustments were made to the comparative periods presented. Adoption of ASC 842 resulted in an increase to total assets and liabilities due to the recording of operating lease ROU and operating lease liabilities of approximately $1,138,000 and $1,208,000 respectively, as of July 1, 2019. The adoption did not materially impact the Company's unaudited condensed consolidated statements of operations or cash flows.

The Company determines if a contract contains a lease at inception. US GAAP requires that the Company's leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date and the lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonable certain and failure to exercise such option which result in an economic penalty.

The Company has operating leases for manufacturing, research and corporate office facilities and certain equipment. Leases with an initial term of 12 months or less are not recorded in the balance sheet. The Company has elected the practical expedient to account for each separate lease component of a contract and its associated non-lease components as a single lease component, thus causing all fixed payments to be capitalized. The Company also elected the package of practical expedients permitted within the new standard, which among other things, allows the Company to carry forward historical lease classification. Variable lease payment amounts that cannot be determined at the commencement of the lease such as increases in lease payments based on changes in index rates or usage, are not included in the ROU assets or liabilities. These are expensed as incurred and recorded as variable lease expense.

ROU assets represent the Company's right to use an underlying asset during the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at commencement date based on the net present value of fixed lease payments over the lease term. The Company's lease term includes options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. As the Company's operating leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the comment date in determining the present value of future lease payments.

The components of lease costs included in cost of goods sold and marketing, general and administrative costs were as follows:

Three Months Ended

Six Months Ended

December 31, 2019

December 31, 2019
Operating lease costs:

Fixed

104,449

208,898

Total:

$
104,449

$
208,898

Supplemental cash flow information was as follows:

Three Months Ended

Six Months Ended

December 31, 2019

December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities

Operating cash flows for operating leases

101,053

200,629

Total

$
101,053

$
200,629

Leases recorded on the balance sheet consist of the following:

December 31,
Leases (operating)

Classification on the Balance Sheet

2019
Assets

Operating lease ROU assets

Right-of-use asset

$
972,244

Liabilities

Current

Current portion of operating lease liabilities

251,057

Non-current

Operating lease liabilities

788,863

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate)
under noncancelable operating leases with terms of more than one year to the total operating lease liabilities
recognized on the unaudited condensed consolidated balance sheets as of December 31, 2019:

The aggregate future lease payments for operating leases as of December 31, 2019 were as follows:

Operating

2020 (excluding the six months ending December 31, 2019)

$
159,805

2021

276,894

2022

260,628

2023

189,848

2024

189,790

Thereafter

96,830

Total lease payments

1,173,795

Less interest

133,875

Present value of lease liabilities

$
1,039,920

Average lease terms and discount rates were as follows:

December 31,

2019
Weighted-average remaining lease terms (years)

Operating leases

4.36

Weighted-average discount rate

Operating leases

5.65
%

As of December 31, 2019, the Company has an additional operating lease for its Pennsylvania headquarters location that has not yet commenced with a present value of approximately $285,000. The relocation date is January 1, 2020. The operating lease commenced in the third quarter of fiscal year 2020 with a lease term of 5 years.

Disclosures related to periods prior to adoption of ASU 2016-02

The Company adopted ASU 2016-02 using a modified retrospective adoption method at July 1, 2019 as noted in note 3. As required, the following disclosure is provided for periods prior to adoption. Minimum operating lease commitments as of June 30, 2019 that have initial or remaining lease terms in excess of one year are as follows:

Operating

2019

$
356,414

2020

272,881

2021

256,311

2022

188,755

2023

189,790

Thereafter

96,830

Total lease payments

$
1,360,981

The rent expense for the three months ended December 31, 2018 was approximately $114,000.

X

- Definition
Leases 842 [Abstract]
+ References
No definition available.
+ Details

Name: esmc_Leases842Abstract

Namespace Prefix: esmc_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=77888251

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-URI http://asc.fasb.org/topic&trid=2208923
+ Details

Name: us-gaap_LeasesOfLesseeDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 27 R12.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Line of credit (Notes)
6 Months Ended

Dec. 31, 2019

Line of Credit Facility [Line Items]

Debt Disclosure [Text Block]
Line of Credit

On June 29, 2018 the Company entered a business loan agreement with TD bank receiving a line of credit evidenced by a promissory note of $250,000. The interest is subject to change based on changes in an independent index which the Wall Street Journal Prime. The index rate at the date of the agreement is 5.000% per annum. Interest on the unpaid principal balance of the note is calculated using a rate of 0.740 percentage points over the index, adjusted if necessary for any minimum and maximum rate limitations, resulting in an initial rate of 5.740% per annum based on a year of 360 days. The interest rate was 6.24% as of December 31, 2019. The Company was required to put $250,000 in the TD bank savings account as collateral. Mr. Richard J. DePiano Sr. executed a guarantee of the loan in favor of TD Bank. Mr. DePiano Sr. passed away on October 3, 2019, therefore the guarantee is now assumed by his estate. Upon signing the agreement the Company also authorizes TD bank to payoff the line of credit with Newtek Business Credit ("Netwtek"). The total payment was $201,575 which includes $165,000 of outstanding line of credit, $2,579 accrued interest, administrative/legal fee of $1,000, prime plus fee through July 12, 2018 of $1,895 and fees of $28,797. The line of credit from Newtek was paid off on July 3, 2018.

As of December 31, 2019 and June 30, 2019, the line of credit balance was $201,575 with TD bank. The line of credit interest expense was approximately $4,000 and $3,000 for the three months ended December 31, 2019 and 2018, respectively. The line of credit interest expense was approximately $8,000 and $10,000 for the six-month periods ended December 31, 2019 and 2018, respectively.

X

- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564
+ Details

Name: us-gaap_DebtDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_LineOfCreditFacilityLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 28 R24.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Significant Accounting Policies (Inventory) (Details) - USD ($)

Dec. 31, 2019

Jun. 30, 2019

schedule of inventory [Abstract]

Inventory, Raw Materials, Net of Reserves $ 887,000 $ 875,000

Inventory, Work in Process, Net of Reserves 183,000 225,000

Inventory, Finished Goods, Net of Reserves 894,000 779,000

Inventory, net $ 1,963,845 $ 1,878,860

X

- Definition
schedule of inventory [Abstract]
+ References
No definition available.
+ Details

Name: esmc_ScheduleofinventoryAbstract

Namespace Prefix: esmc_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.BB)
-URI http://asc.fasb.org/extlink&oid=27011343&loc=d3e100047-122729

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InventoryFinishedGoodsNetOfReserves

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=82887183&loc=d3e6676-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=68049868&loc=d3e3927-108312

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InventoryNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.BB)
-URI http://asc.fasb.org/extlink&oid=27011343&loc=d3e100047-122729

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a)(4))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InventoryRawMaterialsNetOfReserves

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.BB)
-URI http://asc.fasb.org/extlink&oid=27011343&loc=d3e100047-122729

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a)(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InventoryWorkInProcessNetOfReserves

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

XML 29 R20.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Inventories (Tables)
6 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

December 31,

June 30,
(in thousands)

2019

2019
Inventories, net:

        Raw Material
$
887

$
875

        Work-In-Process
183

225

        Finished Goods
894

779

Total
$
1,964

$
1,879

Schedule of Inventory, Current [Table Text Block]

December 31,

June 30,
(in thousands)

2019

2019
Inventories, net:

        Raw Material
$
887

$
875

        Work-In-Process
183

225

        Finished Goods
894

779

Total
$
1,964

$
1,879

X

- References
No definition available.
+ Details

Name: us-gaap_InventoryDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998
+ Details

Name: us-gaap_InventoryDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(c))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766
+ Details

Name: us-gaap_ScheduleOfInventoryCurrentTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 30 R28.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Significant Accounting Policies Goodwill and intangible assets (Details) - USD ($)
6 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Impairment of Intangible Assets (Excluding Goodwill) $ 605,005 $ 0

X

- References
No definition available.
+ Details

Name: us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of an intangible asset (excluding goodwill) to fair value.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 3
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275
+ Details

Name: us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

XML 31 R9999.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Label Element Value

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $ 1,124,002

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 662,878

Cash us-gaap_Cash 1,124,002

Cash us-gaap_Cash $ 662,878

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_Cash

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3521-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3044-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

XML 32 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Consolidated Balance Sheets - USD ($)

Dec. 31, 2019

Jun. 30, 2019

Current assets:

Cash and cash equivalents $ 234,927 $ 409,743

Restricted Cash, Current 254,556 253,135

Accounts receivable, net 1,772,254 1,496,105

Inventory, net 1,963,845 1,878,860

Other current assets 201,656 223,078

Total current assets 4,427,238 4,260,921

Property and equipment, net 90,308 67,896

Operating Lease, Right-of-Use Asset 972,244 0

Trademarks and trade names 0 605,006

Finite-Lived Intangible Assets, Net 131,875 141,700

Deposits Assets, Noncurrent 62,785 51,915

Total assets 5,684,450 5,127,438

Current liabilities:

Short-term Debt 201,575 201,575

Other Notes Payable, Current 3,133 3,401

Accounts payable 841,692 666,510

Accrued expenses 638,573 656,707

Interest Payable, Current 112,389 112,389

Current portion of post-retirement benefits (related party) 0 101,891

Operating Lease, Liability, Current 251,057 0

Deferred Revenue, Current 635,678 426,803

Liabilities of discontinued operations 89,720 90,933

Total current liabilities 2,773,817 2,260,209

Other Notes Payable, Noncurrent 13,501 14,896

Operating Lease, Liability, Noncurrent 788,863 0

Accrued post-retirement benefits, net of current portion (related party) 0 690,094

Total long-term liabilities 802,364 704,990

Total liabilities 3,576,181 2,965,199

Shareholders equity:

Series A convertible preferred stock, $0.001 par value; 2,000,000 shares authorized;2,000,000 issued and outstanding 645,000 645,000

Common stock, $0.001 par value; 35,000,000 shares authorized; 7,415,329 shares issued and outstanding 7,415 7,415

Additional paid-in capital 69,702,043 69,702,043

Accumulated deficit (68,246,189) (68,192,219)

Total shareholders' equity 2,108,269 2,162,239

Total liabilities and shareholders' equity $ 5,684,450 $ 5,127,438

X

- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AccountsPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 8
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130549-203045

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AccountsReceivableNetCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AccruedLiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AdditionalPaidInCapital

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910
+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=82887183&loc=d3e6801-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.9)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=82887183&loc=d3e6676-107765
+ Details

Name: us-gaap_AssetsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_AssetsCurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3044-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=82887183&loc=d3e6676-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 8
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=82887183&loc=d3e6935-107765
+ Details

Name: us-gaap_DeferredRevenueCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying value of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment after one year or beyond the operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_DepositsAssetsNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275
+ Details

Name: us-gaap_FiniteLivedIntangibleAssetsNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275
+ Details

Name: us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=82887183&loc=d3e7018-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=82887183&loc=d3e6935-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InterestPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=82887183&loc=d3e6676-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=68049868&loc=d3e3927-108312

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InventoryNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19-26)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_Liabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(23))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(25))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(32))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesAndStockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.21)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_LiabilitiesCurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of obligation due after one year or beyond the normal operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 201.5-02(25))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(23))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 201.5-02(26))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 201.5-02(24))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount classified as liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109222160&loc=d3e1107-107759

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 45
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109226348&loc=d3e2473-110228

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-Subparagraph (a)(2)
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760
+ Details

Name: us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiabilityCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiabilityNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's right to use underlying asset under operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseRightOfUseAsset

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of current assets classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.8)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_OtherAssetsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of long-term notes classified as other, payable after one year or the normal operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_OtherLongTermNotesPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of long-term notes classified as other, payable within one year or the normal operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_OtherNotesPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of liability, recognized in statement of financial position, for defined benefit pension and other postretirement plans, classified as current.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109237824&loc=d3e1703-114919

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109237824&loc=d3e1731-114919

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920
+ Details

Name: us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of liability, recognized in statement of financial position, for defined benefit pension and other postretirement plans, classified as noncurrent.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109237824&loc=d3e1703-114919

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109237824&loc=d3e1731-114919

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(24))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(14))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(8))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PropertyPlantAndEquipmentNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of cash restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=82887183&loc=d3e6676-107765
+ Details

Name: us-gaap_RestrictedCashCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(4))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
+ Details

Name: us-gaap_RetainedEarningsAccumulatedDeficit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16)(a)(1))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(13))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
+ Details

Name: us-gaap_ShortTermBorrowings

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StockholdersEquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 33 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Consolidated Statements Of Cash Flows - USD ($)
6 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Cash Flows from Operating Activities:

Net loss $ (53,970) $ (265,719)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization 23,474 24,927

Change in operating assets and liabilities:

Increaser(Decrease) in Accounts Receivable (276,149) 87,364

Increase (Decrease) in Inventories (84,985) (145,257)

Increase (Decrease) in Other Operating Assets 21,423 12,020

Increase (Decrease) in Other Noncurrent Assets (10,870) 0

Increase (Decrease) in Deferred Revenue 208,875 (15,164)

Increase (decrease) in liabilities of discontinued operations (1,213) (1,029)

Increase (Decrease) in Accounts Payable 175,182 211,335

Increase (Decrease) in Accrued Liabilities 52,455 (138,004)

Change in accrued post-retirement benefits (33,964) (19,167)

Payments for Leasing Costs (168,546) 0

Other Operating Activities, Cash Flow Statement 0

Employee Benefits and Share-based Compensation, Noncash (758,021) 0

Net Cash Provided by (Used in) Operating Activities (135,670) (248,694)

Cash Flows from Investing Activities:

Purchase of fixed assets (36,061) (6,506)

Net Cash Provided by (Used in) Investing Activities (36,061) (6,506)

Net Cash provided by (used in) Financing Activities:

Repayments of Notes Payable (1,664) (1,287)

Proceeds from (Repayments of) Lines of Credit 0 36,575

Net Cash Provided by (Used in) Financing Activities (1,664) 35,288

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (173,395) (219,912)

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 489,483 904,090

Cash and cash equivalents, beginning of period 234,927 652,518

Restricted Cash 254,556 251,572

Cash, cash equivalent and restricted cash, end of period 489,483 904,090

Supplemental Schedule of Cash Flow Information:

Interest Paid, Excluding Capitalized Interest, Operating Activities $ 8,775 $ 39,070

X

- Definition
Increase (decrease) in liabilities of discontinued operations
+ References
No definition available.
+ Details

Name: esmc_Increasedecreaseinliabilitiesofdiscontinuedoperations

Namespace Prefix: esmc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_Cash

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3044-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=82887183&loc=d3e6676-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3521-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3044-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 230
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=98513438&loc=d3e33268-110906

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3521-108585
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585
+ Details

Name: us-gaap_DepreciationDepletionAndAmortization

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of noncash expense (reversal of expense) for employee benefits and share-based payment arrangement. Includes, but is not limited to, pension, other postretirement, postemployment and termination benefits.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585
+ Details

Name: us-gaap_EmployeeBenefitsAndShareBasedCompensationNoncash

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInAccountsPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInAccountsReceivable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInAccruedLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInDeferredRevenue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInInventories

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInOperatingCapitalAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of increase (decrease) in noncurrent assets classified as other.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInOtherNoncurrentAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of increase (decrease) in operating assets classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInOtherOperatingAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of increase (decrease) in obligation for pension and other postretirement benefits. Includes, but is not limited to, defined benefit and defined contribution plans.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4297-108586

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 17
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3367-108585

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 25
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3536-108585
+ Details

Name: us-gaap_InterestPaidNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3521-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3521-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3536-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3521-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Other cash or noncash adjustments to reconcile net income to cash provided by (used in) operating activities that are not separately disclosed in the statement of cash flows (for example, cash received or cash paid during the current period for miscellaneous operating activities, net change during the reporting period in other assets or other liabilities).
+ References
No definition available.
+ Details

Name: us-gaap_OtherOperatingActivitiesCashFlowStatement

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of cash outflow for costs that are essential to originate the lease and would not otherwise have been incurred without the lease agreement. Amount includes, but is not limited to, cash outflows to evaluate the lessee's credit condition, guarantees, and collateral and cash outflows for costs incurred in negotiating, processing, and executing the lease agreement.
+ References
No definition available.
+ Details

Name: us-gaap_PaymentsForLeasingCosts

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 13
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585
+ Details

Name: us-gaap_PaymentsToAcquireProductiveAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets).
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690
+ Details

Name: us-gaap_ProceedsFromRepaymentsOfLinesOfCredit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585
+ Details

Name: us-gaap_RepaymentsOfNotesPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(1)(a))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910
+ Details

Name: us-gaap_RestrictedCash

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_SupplementalCashFlowInformationAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

ZIP 34 0000862668-20-000002-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000862668-20-000002-xbrl.zip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htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Concentration of credit risk (Tables)
6 Months Ended

Dec. 31, 2019

Concentration Risk [Line Items]

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]
Concentration of Credit Risk

Credit Risk

Financial Instruments, which potentially subject the Company to concentration of credit risk, consist principally of cash and cash equivalents, restricted cash and trade receivables. Concentration of credit risk with respect to trade receivables is generally diversified due to the large number of entities comprising the Company's customer base and their dispersion across geographic areas principally within the United States and international. The Company routinely address the financial strength of its customer and, as a consequence, believes that its receivable credit risk exposure is limited. The Company does not require customers to post collateral.

Major Customer

One customer accounted for more than 10% of net sales during the three months and six-month periods ended December 31, 2019. No customer accounted for more than 10% of net sales during the three months and six-month periods ended December 31, 2018.

As of December 31, 2019 the Company had one customer that represents approximately 28% of the total accounts receivable balance. As of June 30, 2019 the Company had no customer that represents more than 10% of the total accounts receivable balance.

Major Supplier

The Company's largest supplier accounted for 38% of the total purchase for the three-month period ended December 31, 2019. The Company's three largest suppliers accounted for 39%, 12% and 10% of the total purchase for the three-month period ended December 31, 2018. The Company's two largest suppliers accounted for 32% and 11% of the total purchase for the six-month period ended December 31, 2019. The Company's two largest suppliers accounted for of total purchases for more than 33% and 10% of total purchase for the six-month period ended December 31, 2018.

Foreign Sales
Domestic and international sales from continuing operations are as follows:
( in thousands)
For the Three Months Ended December 31,

For the Six Months Ended December 31,

2019

2018

2019

2018
Domestic
$
1,590

58.0
%

$
1,441

59.6
%

$
3,056

60.8
%

$
2,913

62.3
%
Foreign
1,150

42.0
%

978

40.4
%

1,972

39.2
%

1,764

37.7
%
Total
$
2,740

100.0
%

$
2,419

100.0
%

$
5,028

100.0
%

$
4,677

100.0
%

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_ConcentrationRiskLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13537-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13531-108611

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6327-108592

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6442-108592
+ Details

Name: us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 36 R14.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Retirement and post retirement plans (Notes)
6 Months Ended

Dec. 31, 2019

Retirement Benefits [Abstract]

Postemployment Benefit Plans, Policy [Policy Text Block]
Retirement and Post-Retirement Plans
On June 23, 2005 the Company entered into a Supplemental Executive Retirement Benefit Agreement with its former Chairman, Mr. DePiano, Sr.. The agreement provided for the payment of supplemental retirement benefits to the covered executive in the event of the covered executive’s termination of services. In January 2013 the covered executive retired and the Company was obligated to pay the executive $8,491 per month for life, with payments commencing the month after retirement.
As of June 30, 2019 approximately $792,000 was accrued for Mr. DePiano, Sr.'s retirement benefits. The amount represented the approximate present value of the supplemental retirement benefits awarded using a discount rate of 4.5% as of June 30, 2019. Mr. DePiano Sr. passed away on October 3, 2019. According to the agreement, the benefits terminate upon Mr. DePiano, Sr.'s death. Therefore, the Company recognized a gain with the termination of the retirement benefit obligation of $758,000, which has been reported as other income for the six-month period ended December 31, 2019.

X

- References
No definition available.
+ Details

Name: us-gaap_CompensationAndRetirementDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for postemployment benefits. Postemployment benefits are benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement, except for: a) benefits provided through a pension or postretirement benefit plan, b) individual deferred compensation arrangements, c) special or contractual termination benefits, and d) stock compensation plans.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 712
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6410195&loc=d3e80090-111668
+ Details

Name: us-gaap_PostemploymentBenefitPlansPolicy

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 37 R10.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Discontinued operation (Notes)
6 Months Ended

Dec. 31, 2019

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
Discontinued Operations

BH Holdings, S.A.S

Drew Scientific, Inc. ("Drew"), an inactive subsidiary of the Company which was sold in 2012, has a controlling interest in BHH Holdings, S.A.S ("BHH"). On January 12, 2012 BHH, initiated the filing of an insolvency declaration with the Tribunal de Commerce de Rennes, France ("Commercial Court"). The Commercial Court on January 18, 2012 opened the liquidation proceedings with continuation of BHH's activity for three months and named an administrator to manage BHH. Since Drew no longer had a controlling financial interest in BHH it was deconsolidated in the December 31, 2011 quarterly unaudited condensed consolidated financial statements and prior period amounts are presented as discontinued operations.

Assets and liabilities of discontinued operations of BHH included in the consolidated balance sheets are summarized as follows at December 31, 2019 and June 30, 2019 (in thousands):

December 31,

June 30,

2019

2019
Assets

Total assets
$
—

$
—

Liabilities

Accrued lease termination costs
90

91

Total liabilities
90

91

Net liabilities of discontinued operations
$
(90
)

$
(91
)

During fiscal year 2015 the Company was informed by French Counsel that the total amount claimed by the BHH landlord in the liquidation of BHH was approximately $86,000. The Company did not have insight into the French liquidation process due to the Liquidator's reticence to communicate with the Company. As such, the Company had accrued the present value of the maximum amount potentially due under the lease guaranteed by the Company on behalf of BHH. The landlord's claim under liquidation of approximately $86,000 cannot be revisited by the landlord and can only be potentially increased by interest or sundry expenses. Beginning in 2016 any changes to this liability are included in continuing operations. As of December 31, 2019 and June 30, 2019 the liability was approximately $90,000 and $91,000, respectively.

BH Holdings, S.A.S [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

December 31,

June 30,

2019

2019
Assets

Total assets
$
—

$
—

Liabilities

Accrued lease termination costs
90

91

Total liabilities
90

91

Net liabilities of discontinued operations
$
(90
)

$
(91
)

X

- Definition
The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=2122178
+ Details

Name: us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760
+ Details

Name: us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=esmc_BhHoldingsSASMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 38 R33.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Concentration of credit risk (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2019

Dec. 31, 2018

Jun. 30, 2019

Concentration Risk [Line Items]

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]
Concentration of Credit Risk

Credit Risk

Financial Instruments, which potentially subject the Company to concentration of credit risk, consist principally of cash and cash equivalents, restricted cash and trade receivables. Concentration of credit risk with respect to trade receivables is generally diversified due to the large number of entities comprising the Company's customer base and their dispersion across geographic areas principally within the United States and international. The Company routinely address the financial strength of its customer and, as a consequence, believes that its receivable credit risk exposure is limited. The Company does not require customers to post collateral.

Major Customer

One customer accounted for more than 10% of net sales during the three months and six-month periods ended December 31, 2019. No customer accounted for more than 10% of net sales during the three months and six-month periods ended December 31, 2018.

As of December 31, 2019 the Company had one customer that represents approximately 28% of the total accounts receivable balance. As of June 30, 2019 the Company had no customer that represents more than 10% of the total accounts receivable balance.

Major Supplier

The Company's largest supplier accounted for 38% of the total purchase for the three-month period ended December 31, 2019. The Company's three largest suppliers accounted for 39%, 12% and 10% of the total purchase for the three-month period ended December 31, 2018. The Company's two largest suppliers accounted for 32% and 11% of the total purchase for the six-month period ended December 31, 2019. The Company's two largest suppliers accounted for of total purchases for more than 33% and 10% of total purchase for the six-month period ended December 31, 2018.

Foreign Sales
Domestic and international sales from continuing operations are as follows:
( in thousands)
For the Three Months Ended December 31,

For the Six Months Ended December 31,

2019

2018

2019

2018
Domestic
$
1,590

58.0
%

$
1,441

59.6
%

$
3,056

60.8
%

$
2,913

62.3
%
Foreign
1,150

42.0
%

978

40.4
%

1,972

39.2
%

1,764

37.7
%
Total
$
2,740

100.0
%

$
2,419

100.0
%

$
5,028

100.0
%

$
4,677

100.0
%

Concentration Risk, Customer 0.1 0.1

Concentration Risk, Credit Risk, Financial Instruments 0.28 0.10

Revenues $ 2,739,893 $ 2,418,880 $ 5,027,881 $ 4,677,263

Customer One [Member]

Concentration Risk [Line Items]

Concentration Risk, Supplier 0.38 0.39 32% 0.33

Customer Two [Member]

Concentration Risk [Line Items]

Concentration Risk, Supplier 0.12 11% 0.10

Customer Three [Member]

Concentration Risk [Line Items]

Concentration Risk, Supplier 0.1

Customer Concentration Risk [Member]

Concentration Risk [Line Items]

Concentration Risk, Customer 1 0

Geographic Concentration Risk [Member]

Concentration Risk [Line Items]

Concentration Risk, Percentage 100.00% 100.00% 100.00% 100.00%

Revenues $ 2,739,840 $ 2,418,880 $ 5,027,828 $ 4,677,263

Accounts Receivable [Member]

Concentration Risk [Line Items]

Concentration Risk, Customer 1 0

Domestic [Member] | Geographic Concentration Risk [Member]

Concentration Risk [Line Items]

Concentration Risk, Percentage 58.02% 59.55% 60.79% 62.28%

Revenues $ 1,589,726 $ 1,440,551 $ 3,056,270 $ 2,912,845

International [Member] | Geographic Concentration Risk [Member]

Concentration Risk [Line Items]

Concentration Risk, Percentage 41.98% 40.45% 39.21% 37.72%

Revenues $ 1,150,114 $ 978,329 $ 1,971,558 $ 1,764,418

X

- Definition
Description of credit risk arising from all financial instruments, whether from an individual counterparty or groups of counterparties. Includes disclosures concerning (a) information about the (shared) activity, region or economic characteristic that identifies the concentration, (b) the maximum amount of loss due to credit risk that would be incurred if the counterparties failed completely to perform according to the terms of the contracts, and any security or collateral for the amount due proved to be of no value, (c) the entity's policy of requiring collateral or other security to support financial instruments subject to credit risk, information about the entity's access to that collateral or other security, and the nature and a brief description of the collateral or other security supporting those financial instruments, and (d) the policy of entering into and information about master netting arrangements to mitigate the credit risk of financial instruments, and a brief description of the terms of those arrangements, including the extent to which they would reduce the maximum amount of loss due to credit risk.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13531-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13537-108611
+ Details

Name: us-gaap_ConcentrationRiskCreditRiskFinancialInstruments

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Description of risks that arise due to the volume of business transacted with a particular customer. At a minimum, the description informs financial statement users of the general nature of the risk, but excludes "Information about Major Customers" that may be disclosed elsewhere (for instance, segment disclosures).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6327-108592
+ Details

Name: us-gaap_ConcentrationRiskCustomer

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_ConcentrationRiskLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13531-108611

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13537-108611

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592
+ Details

Name: us-gaap_ConcentrationRiskPercentage1

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Description of risks that arise due to the volume of business transacted with a particular supplier or reliance placed on that supplier. At a minimum, the description informs financial statement users of the general nature of the risk.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=99380358&loc=d3e7102-108593

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6327-108592
+ Details

Name: us-gaap_ConcentrationRiskSupplier

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599
+ Details

Name: us-gaap_Revenues

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13537-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13531-108611

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6327-108592

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6442-108592
+ Details

Name: us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: srt_MajorCustomersAxis=esmc_CustomerOneMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_MajorCustomersAxis=esmc_CustomerTwoMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_MajorCustomersAxis=esmc_CustomerThreeMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ConcentrationRiskByTypeAxis=us-gaap_CustomerConcentrationRiskMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ConcentrationRiskByTypeAxis=us-gaap_GeographicConcentrationRiskMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_AccountsReceivableMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=country_US

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_StatementGeographicalAxis=us-gaap_NonUsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 39 R26.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Significant Accounting Policies (Net Income (loss) Per Share) (Details) - USD ($)
3 Months Ended 6 Months Ended

Dec. 31, 2019

Sep. 30, 2019

Dec. 31, 2018

Sep. 30, 2018

Dec. 31, 2019

Dec. 31, 2018

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Net loss $ (675,343) $ 621,373 $ (217,983) $ (47,736) $ (53,970) $ (265,719)

Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic $ (688,349) $ (230,989) $ (79,982) $ (291,730)

Basic Weighted average shares outstanding 7,415,329 7,415,329 7,415,329 7,415,329

Weighted average shares - diluted 7,415,329 7,415,329 7,415,329 7,415,329

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) from continuing operations available to common shareholders.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1377-109256

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256
+ Details

Name: us-gaap_NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1505-109256
+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1448-109256

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

XML 40 R22.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Going concern (Details) - USD ($)

Dec. 31, 2019

Jun. 30, 2019

Going concern [Abstract]

Retained Earnings (Accumulated Deficit) $ (68,246,189) $ (68,192,219)

X

- Definition
Going concern [Abstract]
+ References
No definition available.
+ Details

Name: esmc_GoingconcernAbstract

Namespace Prefix: esmc_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(4))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
+ Details

Name: us-gaap_RetainedEarningsAccumulatedDeficit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 41 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Consolidated Statements Of Operations - USD ($)
3 Months Ended 6 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2019

Dec. 31, 2018

Revenue from External Customer [Line Items]

Revenues $ 2,739,893 $ 2,418,880 $ 5,027,881 $ 4,677,263

Costs and expenses:

Cost of Goods and Services Sold 1,452,179 1,280,173 2,628,849 2,483,306

Marketing, general and administrative 1,093,930 1,138,916 2,093,357 2,141,153

Research and development 261,759 226,338 507,397 322,746

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 605,006 0 605,006 0

Operating Costs and Expenses 3,412,874 2,645,427 5,834,609 4,947,205

Loss from operations (672,981) (226,547) (806,728) (269,942)

Other (expense) income:

Other Nonoperating Income (Expense) 0 11,122 758,021 11,122

Interest income 1,757 864 2,840 3,374

Interest expense (4,119) (3,422) (8,103) (10,273)

Total other (expense) income (2,362) 8,564 752,758 4,223

Net loss (675,343) (217,983) (53,970) (265,719)

Preferred Stock Dividends, Income Statement Impact 13,006 13,006 26,012 26,011

Net Income (Loss) Available to Common Stockholders, Basic $ (688,349) $ (230,989) $ (79,982) $ (291,730)

Net income (loss) per share

Earnings (Loss) Per Share, Basic $ (0.09) $ (0.03) $ (0.01) $ (0.04)

Earnings (Loss) Per Share, Diluted $ (0.09) $ (0.03) $ (0.01) $ (0.04)

Weighted average shares - basic 7,415,329 7,415,329 7,415,329 7,415,329

Weighted average shares - diluted 7,415,329 7,415,329 7,415,329 7,415,329

Product [Member]

Revenue from External Customer [Line Items]

Revenue from Contract with Customer, Including Assessed Tax $ 2,497,107 $ 2,197,050 $ 4,549,286 $ 4,219,433

Service [Member]

Revenue from External Customer [Line Items]

Revenue from Contract with Customer, Including Assessed Tax $ 242,786 $ 221,830 $ 478,595 $ 457,830

X

- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2(a),(d))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227
+ Details

Name: us-gaap_CostOfGoodsAndServicesSold

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_CostsAndExpensesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=109256448&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256
+ Details

Name: us-gaap_EarningsPerShareBasic

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=109256448&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263
+ Details

Name: us-gaap_EarningsPerShareDiluted

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_EntityWideInformationRevenueFromExternalCustomerLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of impairment loss resulting from write-down of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit to fair value.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 3
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585
+ Details

Name: us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of the cost of borrowed funds accounted for as interest expense.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (210.5-03(11))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.9)
-URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260
+ Details

Name: us-gaap_InterestExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.7(b))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599
+ Details

Name: us-gaap_InvestmentIncomeInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1377-109256
+ Details

Name: us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.7)
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227
+ Details

Name: us-gaap_NonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingCostsAndExpenses

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The net result for the period of deducting operating expenses from operating revenues.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OtherIncomeAndExpensesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of income (expense) related to nonoperating activities, classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.9)
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227
+ Details

Name: us-gaap_OtherNonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders.
+ References
No definition available.
+ Details

Name: us-gaap_PreferredStockDividendsIncomeStatementImpact

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 985
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6501960&loc=d3e128462-111756

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 730
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6420194&loc=d3e21568-108373
+ Details

Name: us-gaap_ResearchAndDevelopmentExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130539-203045

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130543-203045
+ Details

Name: us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599
+ Details

Name: us-gaap_Revenues

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 30
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=68048583&loc=d3e3636-108311

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.4)
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227
+ Details

Name: us-gaap_SellingGeneralAndAdministrativeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1505-109256
+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1448-109256

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_ProductMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=us-gaap_ServiceMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 42 R8.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Going concern (Notes)
6 Months Ended

Dec. 31, 2019

Going concern [Abstract]

Liquidity Disclosure [Policy Text Block]
. Going Concern

The Company’s operations are subject to a number of factors that can affect its operating results and financial condition. Such factors include, but are not limited to: the continuous enhancement of the current products, development of new products; changes in domestic and foreign regulations; ability of manufacture successfully; competition from products manufactured and sold or being developed by other companies; the price of, and demand for, the Company’s products and its ability to raise capital to support its operations.

To date, the Company’s operations have not generated sufficient revenues to enable profitability. As of December 31, 2019, the Company had an accumulated deficient of $68.2 million, and incurred recurring losses from operations and incurred negative cash flows from operating activities. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These unaudited condensed consolidated financial statements do not include any adjustments relating to the realization of the carrying value of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The Company's continuance as a going concern is dependent on its future profitability and on the on-going support of its shareholders, affiliates and creditors. In order to mitigate the going concern issues, the Company is actively pursuing business partnerships, managing its continuing operations, implementing cost-cutting measures and seeking to sell certain assets. The Company may not be successful in any of these efforts.

X

- Definition
Going concern [Abstract]
+ References
No definition available.
+ Details

Name: esmc_GoingconcernAbstract

Namespace Prefix: esmc_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure when substantial doubt is raised about the ability to continue as a going concern. Includes, but is not limited to, principal conditions or events that raised substantial doubt about the ability to continue as a going concern, management's evaluation of the significance of those conditions or events in relation to the ability to meet its obligations, and management's plans that alleviated or are intended to mitigate the conditions or events that raise substantial doubt about the ability to continue as a going concern.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 40
-URI http://asc.fasb.org/subtopic&trid=51888271
+ Details

Name: us-gaap_SubstantialDoubtAboutGoingConcernTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 43 R27.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Significant Accounting Policies Earning per share details (Details) - USD ($)
3 Months Ended 6 Months Ended

Dec. 31, 2019

Sep. 30, 2019

Dec. 31, 2018

Sep. 30, 2018

Dec. 31, 2019

Dec. 31, 2018

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Net loss $ (675,343) $ 621,373 $ (217,983) $ (47,736) $ (53,970) $ (265,719)

Preferred Stock Dividends, Income Statement Impact 13,006 13,006 26,012 26,011

Net Income (Loss) Available to Common Stockholders, Diluted $ (675,343) $ (217,983) $ (53,970) $ (265,719)

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 5,159,531 4,815,532 5,159,531 4,815,532

Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic $ (688,349) $ (230,989) $ (79,982) $ (291,730)

Convertible Preferred Dividends, Net of Tax $ 13,006 $ 26,012

Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities $ 26,011

Weighted average shares - basic 7,415,329 7,415,329 7,415,329 7,415,329

Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock 0 0 0

Weighted average shares - diluted 7,415,329 7,415,329 7,415,329 7,415,329

Earnings (Loss) Per Share, Basic $ (0.09) $ (0.03) $ (0.01) $ (0.04)

Earnings (Loss) Per Share, Diluted $ (0.09) $ (0.03) $ (0.01) $ (0.04)

Convertible Preferred Stock [Member]

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 213,000 213,000 213,000 213,000

Equity Option [Member]

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 4,946,531 4,602,532 4,946,531 4,602,532

X

- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The after-tax amount of any dividends on convertible preferred stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1505-109256
+ Details

Name: us-gaap_ConvertiblePreferredDividendsNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of increase (decrease) to net income used for calculating diluted earnings per share (EPS), resulting from the assumed exercise of dilutive convertible securities excluding adjustments related to ESOP convertible preferred stock, stock options, and restrictive stock units.
+ References
No definition available.
+ Details

Name: us-gaap_DilutiveSecuritiesEffectOnBasicEarningsPerShareOther

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=109256448&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256
+ Details

Name: us-gaap_EarningsPerShareBasic

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=109256448&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263
+ Details

Name: us-gaap_EarningsPerShareDiluted

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible preferred stock using the if-converted method.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 40
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1930-109256
+ Details

Name: us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1505-109256

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1377-109256
+ Details

Name: us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) from continuing operations available to common shareholders.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1377-109256

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256
+ Details

Name: us-gaap_NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders.
+ References
No definition available.
+ Details

Name: us-gaap_PreferredStockDividendsIncomeStatementImpact

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1505-109256
+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1448-109256

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_ConvertiblePreferredStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_StockOptionMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 44 R23.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Significant Accounting Policies (Cash and Cash Equivalents) (Details) - USD ($)
6 Months Ended

Dec. 31, 2019

Sep. 30, 2019

Jun. 30, 2019

Dec. 31, 2018

Jun. 30, 2018

Accounting Policies [Abstract]

Restricted Cash $ 254,556 $ 254,556 $ 253,135 $ 251,572 $ 250,000

Maximum maturity of highly liquid investments, period 90 days

X

- Definition
Maximum maturity of highly liquid investments, period.
+ References
No definition available.
+ Details

Name: esmc_MaximumMaturityOfHighlyLiquidInvestmentsPeriod

Namespace Prefix: esmc_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(1)(a))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910
+ Details

Name: us-gaap_RestrictedCash

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

XML 45 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 46 R9.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Significant Accounting Policies
6 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Significant Accounting Policies
Summary of Significant Accounting Policies
Principles of Consolidation
The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally affected in the US GAAP requires management to make estimates and assumptions that impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents
For the purposes of reporting cash flows, the Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and highly liquid investments with original maturities of 90 days or less to be cash and cash equivalents. From time to time cash balances exceed federal insurance limits.
Restricted Cash
As of December 31, 2019 and June 30, 2019 restricted cash included $254,556 and $253,135 respectively, which was pursuant to the requirements in the TD Bank Loan entered into June 2018 (see Note 7).
Foreign Currency Translation
The Company's functional currency is the US dollar. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Foreign currency transaction gains or losses included in net income (loss) were immaterial for the three and six-month periods ended December 31, 2019 and 2018.
Accounts Receivable

Accounts receivable are recorded at net realizable value. The Company performs ongoing credit evaluations of customers’ financial condition and does not require collateral for accounts receivable arising in the normal course of business. The Company maintains allowances for potential credit losses based on the Company’s historical trends, specific customer issues and current economic trends. Accounts are written off against the allowance when they are determined to be uncollectible based on management’s assessment of individual accounts. The Company recorded an allowance for doubtful accounts of approximately $111,000 as of December 31, 2019 and June 30, 2019.

Inventories
Inventories include freight-in materials, labor and overhead costs, and are stated at the lower of cost (first-in, first-out) or net realizable value. The Company writes down its inventories as it becomes aware of any situation whereas the carrying amount exceeds the estimated realizable value based on assumptions about future demands and market conditions.

Intangible Assets and Long-Lived Assets
Intangible assets deemed to have indefinite lives (including trademark and trade names) are not amortized but, instead, are subject to an annual impairment assessment. Additionally, if events or conditions were to indicate the carrying value or a reporting unit may not be recoverable, the Company would evaluate the other intangible assets for impairment at that time.
Long-lived assets including intangible assets deemed to have finite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment indicators include, among other conditions, cash flow deficits, historic or anticipated declines in revenue or operating profit or material adverse changes in the business climate that indicate that the carrying amount of an asset may be impaired. When impairment indicators are present, the recoverability of the asset is measured by comparing the carrying value of the asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the projected undiscounted cash flows from the asset are less than the carrying value of the asset the asset is considered to be impaired. The impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset.
The Company tests indefinite-life intangible assets for possible impairment on an annual basis at June 30, and at any other time events occur or circumstances indicate that the carrying amount of intangible assets may be impaired. Due to the current low market capitalization of the Company's common stock, the Company performed an interim impairment test on its intangible asset. The outcome of this impairment test resulted in non-cash charge for the full impairment of the indefinite-lived intangible assets (trade mark and trade names) of $605,000, which was recorded in the unaudited condensed consolidated financial statements for the three-month and six-month periods ended December 31, 2019. No impairments were recorded in the three-month and six-month periods ended December 31, 2018.
Accrued Warranties
The Company provides a limited one-year warranty against manufacturer’s defects on its products sold to customers. The Company’s standard warranties require the Company to repair or replace, at the Company’s discretion, defective parts during such warranty period. The Company accrues for its product warranty liabilities based on estimates of costs to be incurred during the warranty period, based on historical repair information for warranty costs.
Fair Value of Financial Instruments

The carrying amounts for cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximate their fair value because of their short-term maturity. The carrying amount of the accrued post retirement benefits approximates fair value since the Company utilizes approximate current market interest rates to calculate the liability. The Company determined that the carrying amount of the note payable and lease liabilities approximates fair value since such debt borrowing bears interest at the approximate current market rate. While the Company believes the carrying value of the assets and liabilities are reasonable, considerable judgment is used to develop estimates of fair value; thus the estimates are not necessarily indicative of the amounts that could be realized in a current market exchange.
Revenue Recognition

The Company recognizes revenue when its performance obligations with its customers have been satisfied. At contract inception, the Company determines if the contract is within the scope of Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers, and then evaluates the contract using the following five steps: (1) identify the contract with the customer; (2) identify the performance obligations; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. The Company only recognizes revenue to the extent that it is probable that a significant revenue reversal will not occur in a future period.

The Company generates product revenue from the sale of medical device products and the sale and installation of the Company's AXIS image management system software. Revenue for service plans relate to the customer care plans for the Company’s equipment and AXIS image management system software.

Revenue is recognized upon transfer of control of the promised goods or services to the customer for an amount that reflects the consideration that the Company expects to be entitled in exchange for those goods or services. The Company’s performance obligations are for product sales, installation of AXIS image management system software and customer care plans. The performance obligations are determined at contract inception based upon promises within the contract that are distinct.

The product sales and installation of AXIS image management system software performance obligations are satisfied at a point in time, which is upon shipment for product sales and upon successful installation for the AXIS image management system. The performance obligation for customer care plans is satisfied over time as the customer receives and consumes the Company’s services.

The Company invoices its customers upon shipment for product sales. For the installation of AXIS image management system software and customer care plans, the Company invoices its customers upon successful installation. Invoice payments are generally due within 30 days of invoice date. The transaction price is determined based on fixed consideration in the Company’s customer contracts and is recorded net of variable consideration. In determining the transaction price, a significant financing component does not exist since the timing from when the Company invoices its customers to when payment is received as it is less than one year.

Revenue for product sales and installation of AXIS image management system software is recognized when delivered or installed. The customer care plan revenues are recognized proportionately over the service period, which is a 12-month period.
The Company has elected the following practical expedients in applying ASC 606:
•
Unsatisfied Performance Obligations - all performance obligations relate to contracts with a duration of less than one year, the Company has elected to apply the optional exemption provided in ASC 606 and therefore, is not required to disclose the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period.

•
Contract Costs - all incremental customer contract acquisition costs are expensed as they are incurred as the amortization period of the asset that the Company otherwise would have recognized is one year or less in duration.

•
Significant Financing Component - the Company does not adjust the promised amount of consideration for the effects of a significant financing component as the Company expects, at contract inception, that the period between when the entity transfers a promised good or service to a customer and when the customer pays for that good or service will be one year or less.

•
Sales Tax Exclusion from the Transaction Price - the Company excludes from the measurement of the transaction price all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from the customer.

•
Shipping and Handling Activities - the Company elected to account for shipping and handling activities as a fulfillment cost rather than as a separate performance obligation.

•
Portfolio Approach - the Company applied the Portfolio Approach to contract reviews within its identified revenue streams that have similar characteristics and the Company believes this approach would not differ materially than if applying Topic 606 to each individual contract.

Deferred Revenues

The Company records deferred revenues when cash payments are received or due in advance of its performance. The Company’s deferred revenues relate to payments received for the customer care plans for a 12-month period. The consideration received is recognized monthly over the service period.

(in thousands)

Three Months Ended December 31,

Six Months Ended December 31,

2019

2018

2019

2018
Beginning of Period

$
426

$
498

$
427

$
481

Additions

452

207

687

459

Revenue Recognized

242

239

478

474

End of Period

636

$
466

$
636

$
466

Earnings (Loss) Per Share
Earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. All outstanding stock options are considered potential common stock. All outstanding convertible preferred stock are considered common stock at the beginning of the period or at the time of issuance, if later, pursuant to the if-converted method. The dilutive effect, if any, of stock options is calculated using the treasury stock method. As of December 31, 2019 and 2018, the average market prices for the three-month and six-month periods then ended are less than the exercise price of all the outstanding stock options and, therefore, the inclusion of the stock options would be anti-dilutive. In addition, since the effect of common stock equivalents is anti-dilutive with respect to losses, the convertible preferred stock has also been excluded from the Company’s computation of loss per common for the three-month and six-month periods ended December 31, 2019 and 2018. Therefore, basic and diluted loss per common share for the three-month and six-month periods ended December 31, 2019 and 2018 are the same.

For the Three Months Ended December 31,

For the Six Months Ended December 31,

2019

2018

2019

2018
Numerator:

  Numerator for basic loss per share:

Net loss
$
(675,343
)

$
(217,983
)

$
(53,970
)

$
(265,719
)
Undeclared dividends on preferred stock
13,006

13,006

26,012

26,011

Net loss applicable to common shareholders
$
(688,349
)

$
(230,989
)

$
(79,982
)

$
(291,730
)
Numerator for diluted earnings per share:

Net loss applicable to common shareholders
$
(688,349
)

$
(230,989
)

$
(79,982
)

$
(291,730
)
Undeclared dividends on preferred stock
13,006

13,006

26,012

26,011

Net loss
$
(675,343
)

$
(217,983
)

$
(53,970
)

$
(265,719
)
Denominator:

Denominator for basic loss per share - weighted average shares outstanding

7,415,329

7,415,329

7,415,329

7,415,329

Weighted average preferred stock converted to common stock
—

—

—

Denominator for diluted loss per share - weighted average and assumed conversion
7,415,329

7,415,329

7,415,329

—

7,415,329

Net loss per share:

Basic net loss per share
$
(0.09
)

$
(0.03
)

$
(0.01
)

$
(0.04
)
Diluted net loss per share
$
(0.09
)

$
(0.03
)

$
(0.01
)

$
(0.04
)

The following table summarizes convertible preferred stock and securities that, if exercised would have an anti-dilutive effect
on earnings per share.

For the Three Months Ended December 31,

For the Six Months Ended December 31,

2019

2018

2019

2018
Stock options
213,000

213,000

213,000

213,000

Convertible preferred stock
4,946,531

4,602,532

4,946,531

4,602,532

Total potential dilutive securities not included in income per share
5,159,531

4,815,532

5,159,531

4,815,532

Income Taxes

The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the unaudited condensed consolidated financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. As of December 31, 2019 and June 30, 2019, the Company has a fully recorded valuation allowance against its deferred tax assets.

The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.

The Company recognizes interest and penalties related to unrecognized tax benefits on the income tax expense line in the accompanying unaudited condensed consolidated statements of operations. As of December 31, 2019 and June 30, 2019, no accrued interest or penalties were required to be included on the related tax liability line in the unaudited condensed consolidated balance sheets.

Leases

The Company determines if an arrangement is a lease at the inception of a contract. Operating lease right-of-use ("ROU") assets are included in right-of-use assets on the unaudited condensed consolidated balance sheets. The current and long-term components of operating lease liabilities are included in the current portion of operating lease liabilities and operating lease liabilities, net of current portion, respectively on the unaudited condensed consolidated balance sheets.

Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. Certain leases may include options to extend or terminate the lease. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term.

Reclassifications

Lease deposits of $51,915 in the June 30, 2019 consolidated balance sheet has been reclassed from other current assets to the other assets be conformity with the current period presentation.

New Accounting Pronouncements
Recently Issued Accounting Standards
The Company considers the applicability and impact of all accounting standards updates ("ASUs"). Management periodically reviews new accounting standards that are issued.
New Accounting Pronouncements Recently Adopted

Effective July 1, 2019, the Company adopted ASU No. 2016-02, Leases (Topic 842), using the cumulative effect adjustment method and elected certain practical expedients allowed under the standard. Upon adoption, the Company recognized ROU assets and a lease liability of $1,138,000 and $1,208,000 respectively. The adoption didn't materially impact the Company's unaudited condensed consolidated statements of operations or cash flows. See Note 10 for additional information on the Company's adoption of this standard.

In June 2018 the FASB issued ASU 2018-07 Improvements to Nonemployee Share-Based Payment Accounting (Topic 718) that expands the scope to include share-based payment transactions for acquiring goods and services from non-employees. An entity should apply the requirements to nonemployee awards except for certain exemptions specified in the amendment. The guidance is effective for fiscal years beginning after December 15, 2018, including interim reporting periods within that fiscal year. Early adoption is permitted. The adoption of ASU 2018-07 did not have a material impact on the Company's unaudited condensed consolidated financial statements.
New Accounting Pronouncements Not yet Adopted

In June 2016 the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which adds a new Topic 326 to the Codification and removes the thresholds that companies apply to measure credit losses on financial instruments measured at amortized cost, such as loans, receivables, and held-to-maturity debt securities. The guidance in ASU 2016-13 is effective for “public business entities,” as defined, that are SEC filers for fiscal years and for interim periods with those fiscal years beginning after December 15, 2022. Early adoption of the guidance is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The adoption of this standard is not expected to have a material impact to the Company’s unaudited condensed consolidated financial statements.

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for all significant accounting policies of the reporting entity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-URI http://asc.fasb.org/topic&trid=2122369
+ Details

Name: us-gaap_SignificantAccountingPoliciesTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 47 R1.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Document And Entity Information
6 Months Ended

Dec. 31, 2019

shares

Document And Entity Information [Abstract]

Entity Registrant Name ESCALON MEDICAL CORP.

Entity Central Index Key 0000862668

Current Fiscal Year End Date --06-30

Entity Filer Category Non-accelerated Filer

Document Type 10-Q

Document Period End Date Dec. 31, 2019

Document Fiscal Year Focus 2020

Document Fiscal Period Focus Q2

Amendment Flag false

Entity Small Business true

Entity Emerging Growth Company false

Entity Shell Company false

Entity Common Stock, Shares Outstanding 7,415,329

Entity Interactive Data Current No

Entity Current Reporting Status Yes

X

- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details

Name: dei_AmendmentFlag

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
End date of current fiscal year in the format --MM-DD.
+ References
No definition available.
+ Details

Name: dei_CurrentFiscalYearEndDate

Namespace Prefix: dei_

Data Type: xbrli:gMonthDayItemType

Balance Type: na

Period Type: duration

X

- Definition
Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalPeriodFocus

Namespace Prefix: dei_

Data Type: dei:fiscalPeriodItemType

Balance Type: na

Period Type: duration

X

- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalYearFocus

Namespace Prefix: dei_

Data Type: xbrli:gYearItemType

Balance Type: na

Period Type: duration

X

- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.
+ References
No definition available.
+ Details

Name: dei_DocumentPeriodEndDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details

Name: dei_DocumentType

Namespace Prefix: dei_

Data Type: dei:submissionTypeItemType

Balance Type: na

Period Type: duration

X

- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityCentralIndexKey

Namespace Prefix: dei_

Data Type: dei:centralIndexKeyItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
No definition available.
+ Details

Name: dei_EntityCommonStockSharesOutstanding

Namespace Prefix: dei_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
No definition available.
+ Details

Name: dei_EntityCurrentReportingStatus

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityEmergingGrowthCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityFilerCategory

Namespace Prefix: dei_

Data Type: dei:filerCategoryItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-T
-Number 232
-Section 405
+ Details

Name: dei_EntityInteractiveDataCurrent

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityShellCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicates that the company is a Smaller Reporting Company (SRC).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntitySmallBusiness

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Document and entity information [Abstract].
+ References
No definition available.
+ Details

Name: esmc_DocumentAndEntityInformationAbstract

Namespace Prefix: esmc_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 48 R5.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Consolidated Statements Of Shareholders' Equity and Comprehensive Loss - USD ($)

Total

Common Stock [Member]

Preferred Stock [Member]

Additional Paid-in Capital [Member]

Accumulated Deficit [Member]

Preferred Stock, Shares Outstanding 2,000,000

Preferred Stock, Value, Issued $ 645,000

Balance at Jun. 30, 2018 $ 2,412,255 $ 7,415 $ 69,702,043 $ (67,942,203)

Balance, shares at Jun. 30, 2018 7,415,329

Net loss (47,736) $ 0 $ 0 0 (47,736)

Balance at Sep. 30, 2018 2,364,519 $ 7,415 69,702,043 (67,989,939)

Balance, shares at Sep. 30, 2018 7,415,329

Balance at Jun. 30, 2018 2,412,255 $ 7,415 69,702,043 (67,942,203)

Balance, shares at Jun. 30, 2018 7,415,329

Net loss (265,719)

Balance at Dec. 31, 2018 2,146,536 $ 7,415 69,702,043 (68,207,922)

Balance, shares at Dec. 31, 2018 7,415,329

Preferred Stock, Shares Outstanding 2,000,000

Preferred Stock, Value, Issued $ 645,000

Balance at Sep. 30, 2018 2,364,519 $ 7,415 69,702,043 (67,989,939)

Balance, shares at Sep. 30, 2018 7,415,329

Net loss (217,983) $ 0 $ 0 0 (217,983)

Balance at Dec. 31, 2018 2,146,536 $ 7,415 69,702,043 (68,207,922)

Balance, shares at Dec. 31, 2018 7,415,329

Preferred Stock, Shares Outstanding 2,000,000

Preferred Stock, Value, Issued $ 645,000

Preferred Stock, Shares Outstanding 2,000,000

Preferred Stock, Value, Issued 645,000 $ 645,000

Balance at Jun. 30, 2019 2,162,239 $ 7,415 69,702,043 (68,192,219)

Balance, shares at Jun. 30, 2019 7,415,329

Net loss 621,373 $ 0 $ 0 0 621,373

Balance at Sep. 30, 2019 2,783,612 $ 7,415 69,702,043 (67,570,846)

Balance, shares at Sep. 30, 2019 7,415,329

Balance at Jun. 30, 2019 2,162,239 $ 7,415 69,702,043 (68,192,219)

Balance, shares at Jun. 30, 2019 7,415,329

Net loss (53,970)

Balance at Dec. 31, 2019 2,108,269 $ 7,415 69,702,043 (68,246,189)

Balance, shares at Dec. 31, 2019 7,415,329

Preferred Stock, Shares Outstanding 2,000,000

Preferred Stock, Value, Issued $ 645,000

Balance at Sep. 30, 2019 2,783,612 $ 7,415 69,702,043 (67,570,846)

Balance, shares at Sep. 30, 2019 7,415,329

Net loss (675,343) $ 0 $ 0 0 (675,343)

Balance at Dec. 31, 2019 $ 2,108,269 $ 7,415 $ 69,702,043 $ (68,246,189)

Balance, shares at Dec. 31, 2019 7,415,329

Preferred Stock, Shares Outstanding 2,000,000

Convertible Preferred Stock, Shares Issued upon Conversion 2.15

Preferred Stock, Value, Issued $ 645,000 $ 645,000

X

- Definition
Number of shares issued for each share of convertible preferred stock that is converted.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644
+ Details

Name: us-gaap_ConvertiblePreferredStockSharesIssuedUponConversion

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Number of shares issued which are neither cancelled nor held in the treasury.
+ References
No definition available.
+ Details

Name: us-gaap_SharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 50 R15.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Significant Accounting Policies (Policies)
6 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Restrictions on Cash and Cash Equivalents [Table Text Block]
As of December 31, 2019 and June 30, 2019 restricted cash included $254,556 and $253,135 respectively, which was pursuant to the requirements in the TD Bank Loan entered into June 2018 (see Note 7).

Foreign Currency Transactions and Translations Policy [Policy Text Block]
The Company's functional currency is the US dollar. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Foreign currency transaction gains or losses included in net income (loss) were immaterial for the three and six-month periods ended December 31, 2019 and 2018.

Principles of Consolidation
The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated.

Use of Estimates
The preparation of financial statements in conformity with accounting principles generally affected in the US GAAP requires management to make estimates and assumptions that impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents
For the purposes of reporting cash flows, the Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and highly liquid investments with original maturities of 90 days or less to be cash and cash equivalents. From time to time cash balances exceed federal insurance limits.

Fair Value of Financial Instruments
The carrying amounts for cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximate their fair value because of their short-term maturity. The carrying amount of the accrued post retirement benefits approximates fair value since the Company utilizes approximate current market interest rates to calculate the liability. The Company determined that the carrying amount of the note payable and lease liabilities approximates fair value since such debt borrowing bears interest at the approximate current market rate. While the Company believes the carrying value of the assets and liabilities are reasonable, considerable judgment is used to develop estimates of fair value; thus the estimates are not necessarily indicative of the amounts that could be realized in a current market exchange.

Revenue Recognition
Revenue Recognition

The Company recognizes revenue when its performance obligations with its customers have been satisfied. At contract inception, the Company determines if the contract is within the scope of Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers, and then evaluates the contract using the following five steps: (1) identify the contract with the customer; (2) identify the performance obligations; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. The Company only recognizes revenue to the extent that it is probable that a significant revenue reversal will not occur in a future period.

The Company generates product revenue from the sale of medical device products and the sale and installation of the Company's AXIS image management system software. Revenue for service plans relate to the customer care plans for the Company’s equipment and AXIS image management system software.

Revenue is recognized upon transfer of control of the promised goods or services to the customer for an amount that reflects the consideration that the Company expects to be entitled in exchange for those goods or services. The Company’s performance obligations are for product sales, installation of AXIS image management system software and customer care plans. The performance obligations are determined at contract inception based upon promises within the contract that are distinct.

The product sales and installation of AXIS image management system software performance obligations are satisfied at a point in time, which is upon shipment for product sales and upon successful installation for the AXIS image management system. The performance obligation for customer care plans is satisfied over time as the customer receives and consumes the Company’s services.

The Company invoices its customers upon shipment for product sales. For the installation of AXIS image management system software and customer care plans, the Company invoices its customers upon successful installation. Invoice payments are generally due within 30 days of invoice date. The transaction price is determined based on fixed consideration in the Company’s customer contracts and is recorded net of variable consideration. In determining the transaction price, a significant financing component does not exist since the timing from when the Company invoices its customers to when payment is received as it is less than one year.

Revenue for product sales and installation of AXIS image management system software is recognized when delivered or installed. The customer care plan revenues are recognized proportionately over the service period, which is a 12-month period.
The Company has elected the following practical expedients in applying ASC 606:
•
Unsatisfied Performance Obligations - all performance obligations relate to contracts with a duration of less than one year, the Company has elected to apply the optional exemption provided in ASC 606 and therefore, is not required to disclose the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period.

•
Contract Costs - all incremental customer contract acquisition costs are expensed as they are incurred as the amortization period of the asset that the Company otherwise would have recognized is one year or less in duration.

•
Significant Financing Component - the Company does not adjust the promised amount of consideration for the effects of a significant financing component as the Company expects, at contract inception, that the period between when the entity transfers a promised good or service to a customer and when the customer pays for that good or service will be one year or less.

•
Sales Tax Exclusion from the Transaction Price - the Company excludes from the measurement of the transaction price all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from the customer.

•
Shipping and Handling Activities - the Company elected to account for shipping and handling activities as a fulfillment cost rather than as a separate performance obligation.

•
Portfolio Approach - the Company applied the Portfolio Approach to contract reviews within its identified revenue streams that have similar characteristics and the Company believes this approach would not differ materially than if applying Topic 606 to each individual contract.

Deferred Revenues

The Company records deferred revenues when cash payments are received or due in advance of its performance. The Company’s deferred revenues relate to payments received for the customer care plans for a 12-month period. The consideration received is recognized monthly over the service period.

(in thousands)

Three Months Ended December 31,

Six Months Ended December 31,

2019

2018

2019

2018
Beginning of Period

$
426

$
498

$
427

$
481

Additions

452

207

687

459

Revenue Recognized

242

239

478

474

End of Period

636

$
466

$
636

$
466

Inventory
Inventories include freight-in materials, labor and overhead costs, and are stated at the lower of cost (first-in, first-out) or net realizable value. The Company writes down its inventories as it becomes aware of any situation whereas the carrying amount exceeds the estimated realizable value based on assumptions about future demands and market conditions.

Accounts Receivable
Accounts receivable are recorded at net realizable value. The Company performs ongoing credit evaluations of customers’ financial condition and does not require collateral for accounts receivable arising in the normal course of business. The Company maintains allowances for potential credit losses based on the Company’s historical trends, specific customer issues and current economic trends. Accounts are written off against the allowance when they are determined to be uncollectible based on management’s assessment of individual accounts. The Company recorded an allowance for doubtful accounts of approximately $111,000 as of December 31, 2019 and June 30, 2019.

Intangible Assets
ntangible assets deemed to have indefinite lives (including trademark and trade names) are not amortized but, instead, are subject to an annual impairment assessment. Additionally, if events or conditions were to indicate the carrying value or a reporting unit may not be recoverable, the Company would evaluate the other intangible assets for impairment at that time.
Long-lived assets including intangible assets deemed to have finite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment indicators include, among other conditions, cash flow deficits, historic or anticipated declines in revenue or operating profit or material adverse changes in the business climate that indicate that the carrying amount of an asset may be impaired. When impairment indicators are present, the recoverability of the asset is measured by comparing the carrying value of the asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the projected undiscounted cash flows from the asset are less than the carrying value of the asset the asset is considered to be impaired. The impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset.
The Company tests indefinite-life intangible assets for possible impairment on an annual basis at June 30, and at any other time events occur or circumstances indicate that the carrying amount of intangible assets may be impaired. Due to the current low market capitalization of the Company's common stock, the Company performed an interim impairment test on its intangible asset. The outcome of this impairment test resulted in non-cash charge for the full impairment of the indefinite-lived intangible assets (trade mark and trade names) of $605,000, which was recorded in the unaudited condensed consolidated financial statements for the three-month and six-month periods ended December 31, 2019. No impairments were recorded in the three-month and six-month periods ended December 31, 2018.

Accrued Warranties
The Company provides a limited one-year warranty against manufacturer’s defects on its products sold to customers. The Company’s standard warranties require the Company to repair or replace, at the Company’s discretion, defective parts during such warranty period. The Company accrues for its product warranty liabilities based on estimates of costs to be incurred during the warranty period, based on historical repair information for warranty costs.

Net Income (loss) Per Share
Earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. All outstanding stock options are considered potential common stock. All outstanding convertible preferred stock are considered common stock at the beginning of the period or at the time of issuance, if later, pursuant to the if-converted method. The dilutive effect, if any, of stock options is calculated using the treasury stock method. As of December 31, 2019 and 2018, the average market prices for the three-month and six-month periods then ended are less than the exercise price of all the outstanding stock options and, therefore, the inclusion of the stock options would be anti-dilutive. In addition, since the effect of common stock equivalents is anti-dilutive with respect to losses, the convertible preferred stock has also been excluded from the Company’s computation of loss per common for the three-month and six-month periods ended December 31, 2019 and 2018. Therefore, basic and diluted loss per common share for the three-month and six-month periods ended December 31, 2019 and 2018 are the same.

For the Three Months Ended December 31,

For the Six Months Ended December 31,

2019

2018

2019

2018
Numerator:

  Numerator for basic loss per share:

Net loss
$
(675,343
)

$
(217,983
)

$
(53,970
)

$
(265,719
)
Undeclared dividends on preferred stock
13,006

13,006

26,012

26,011

Net loss applicable to common shareholders
$
(688,349
)

$
(230,989
)

$
(79,982
)

$
(291,730
)
Numerator for diluted earnings per share:

Net loss applicable to common shareholders
$
(688,349
)

$
(230,989
)

$
(79,982
)

$
(291,730
)
Undeclared dividends on preferred stock
13,006

13,006

26,012

26,011

Net loss
$
(675,343
)

$
(217,983
)

$
(53,970
)

$
(265,719
)
Denominator:

Denominator for basic loss per share - weighted average shares outstanding

7,415,329

7,415,329

7,415,329

7,415,329

Weighted average preferred stock converted to common stock
—

—

—

Denominator for diluted loss per share - weighted average and assumed conversion
7,415,329

7,415,329

7,415,329

—

7,415,329

Net loss per share:

Basic net loss per share
$
(0.09
)

$
(0.03
)

$
(0.01
)

$
(0.04
)
Diluted net loss per share
$
(0.09
)

$
(0.03
)

$
(0.01
)

$
(0.04
)

The following table summarizes convertible preferred stock and securities that, if exercised would have an anti-dilutive effect
on earnings per share.

For the Three Months Ended December 31,

For the Six Months Ended December 31,

2019

2018

2019

2018
Stock options
213,000

213,000

213,000

213,000

Convertible preferred stock
4,946,531

4,602,532

4,946,531

4,602,532

Total potential dilutive securities not included in income per share
5,159,531

4,815,532

5,159,531

4,815,532

Earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. All outstanding stock options are considered potential common stock. All outstanding convertible preferred stock are considered common stock at the beginning of the period or at the time of issuance, if later, pursuant to the if-converted method. The dilutive effect, if any, of stock options is calculated using the treasury stock method. As of December 31, 2019 and 2018, the average market prices for the three-month and six-month periods then ended are less than the exercise price of all the outstanding stock options and, therefore, the inclusion of the stock options would be anti-dilutive. In addition, since the effect of common stock equivalents is anti-dilutive with respect to losses, the convertible preferred stock has also been excluded from the Company’s computation of loss per common for the three-month and six-month periods ended December 31, 2019 and 2018. Therefore, basic and diluted loss per common share for the three-month and six-month periods ended December 31, 2019 and 2018 are the same.

For the Three Months Ended December 31,

For the Six Months Ended December 31,

2019

2018

2019

2018
Numerator:

  Numerator for basic loss per share:

Net loss
$
(675,343
)

$
(217,983
)

$
(53,970
)

$
(265,719
)
Undeclared dividends on preferred stock
13,006

13,006

26,012

26,011

Net loss applicable to common shareholders
$
(688,349
)

$
(230,989
)

$
(79,982
)

$
(291,730
)
Numerator for diluted earnings per share:

Net loss applicable to common shareholders
$
(688,349
)

$
(230,989
)

$
(79,982
)

$
(291,730
)
Undeclared dividends on preferred stock
13,006

13,006

26,012

26,011

Net loss
$
(675,343
)

$
(217,983
)

$
(53,970
)

$
(265,719
)
Denominator:

Denominator for basic loss per share - weighted average shares outstanding

7,415,329

7,415,329

7,415,329

7,415,329

Weighted average preferred stock converted to common stock
—

—

—

Denominator for diluted loss per share - weighted average and assumed conversion
7,415,329

7,415,329

7,415,329

—

7,415,329

Net loss per share:

Basic net loss per share
$
(0.09
)

$
(0.03
)

$
(0.01
)

$
(0.04
)
Diluted net loss per share
$
(0.09
)

$
(0.03
)

$
(0.01
)

$
(0.04
)

The following table summarizes convertible preferred stock and securities that, if exercised would have an anti-dilutive effect
on earnings per share.

For the Three Months Ended December 31,

For the Six Months Ended December 31,

2019

2018

2019

2018
Stock options
213,000

213,000

213,000

213,000

Convertible preferred stock
4,946,531

4,602,532

4,946,531

4,602,532

Total potential dilutive securities not included in income per share
5,159,531

4,815,532

5,159,531

4,815,532

Income Taxes
The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the unaudited condensed consolidated financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. As of December 31, 2019 and June 30, 2019, the Company has a fully recorded valuation allowance against its deferred tax assets.

The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.

The Company recognizes interest and penalties related to unrecognized tax benefits on the income tax expense line in the accompanying unaudited condensed consolidated statements of operations. As of December 31, 2019 and June 30, 2019, no accrued interest or penalties were required to be included on the related tax liability line in the unaudited condensed consolidated balance sheets.

Lessee, Leases [Policy Text Block]
The Company determines if an arrangement is a lease at the inception of a contract. Operating lease right-of-use ("ROU") assets are included in right-of-use assets on the unaudited condensed consolidated balance sheets. The current and long-term components of operating lease liabilities are included in the current portion of operating lease liabilities and operating lease liabilities, net of current portion, respectively on the unaudited condensed consolidated balance sheets.

Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term. As most of the Company's leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. Certain leases may include options to extend or terminate the lease. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term.

Reclassification, Policy [Policy Text Block]
Reclassifications

Lease deposits of $51,915 in the June 30, 2019 consolidated balance sheet has been reclassed from other current assets to the other assets be conformity with the current period presentation.

New Accounting Pronouncements
Recently Issued Accounting Standards
The Company considers the applicability and impact of all accounting standards updates ("ASUs"). Management periodically reviews new accounting standards that are issued.
New Accounting Pronouncements Recently Adopted

Effective July 1, 2019, the Company adopted ASU No. 2016-02, Leases (Topic 842), using the cumulative effect adjustment method and elected certain practical expedients allowed under the standard. Upon adoption, the Company recognized ROU assets and a lease liability of $1,138,000 and $1,208,000 respectively. The adoption didn't materially impact the Company's unaudited condensed consolidated statements of operations or cash flows. See Note 10 for additional information on the Company's adoption of this standard.

In June 2018 the FASB issued ASU 2018-07 Improvements to Nonemployee Share-Based Payment Accounting (Topic 718) that expands the scope to include share-based payment transactions for acquiring goods and services from non-employees. An entity should apply the requirements to nonemployee awards except for certain exemptions specified in the amendment. The guidance is effective for fiscal years beginning after December 15, 2018, including interim reporting periods within that fiscal year. Early adoption is permitted. The adoption of ASU 2018-07 did not have a material impact on the Company's unaudited condensed consolidated financial statements.
New Accounting Pronouncements Not yet Adopted

In June 2016 the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which adds a new Topic 326 to the Codification and removes the thresholds that companies apply to measure credit losses on financial instruments measured at amortized cost, such as loans, receivables, and held-to-maturity debt securities. The guidance in ASU 2016-13 is effective for “public business entities,” as defined, that are SEC filers for fiscal years and for interim periods with those fiscal years beginning after December 15, 2022. Early adoption of the guidance is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The adoption of this standard is not expected to have a material impact to the Company’s unaudited condensed consolidated financial statements.

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4273-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 305
-SubTopic 10
-Section 05
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6375392&loc=d3e26790-107797

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790
+ Details

Name: us-gaap_CashAndCashEquivalentsPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.3A-02)
-URI http://asc.fasb.org/extlink&oid=27015204&loc=d3e355033-122828

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.3A-03)
-URI http://asc.fasb.org/extlink&oid=27015204&loc=d3e355100-122828

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109239629&loc=d3e5614-111684
+ Details

Name: us-gaap_ConsolidationPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257
+ Details

Name: us-gaap_EarningsPerSharePolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for determining the fair value of financial instruments.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 60
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7493716&loc=d3e21868-110260

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13279-108611

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790
+ Details

Name: us-gaap_FairValueOfFinancialInstrumentsPolicy

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450222&loc=d3e30840-110895
+ Details

Name: us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275
+ Details

Name: us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32847-109319

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 740
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6491622&loc=d3e9504-115650

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32809-109319

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=84176650&loc=d3e32247-109318

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=84176650&loc=d3e32280-109318

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 05
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=65884525&loc=d3e40913-109327
+ Details

Name: us-gaap_IncomeTaxPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=66092785&loc=d3e4556-108314

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 6
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e543-108305

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66092785&loc=d3e4492-108314

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InventoryPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for leasing arrangement entered into by lessee.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918666-209980
+ Details

Name: us-gaap_LesseeLeasesPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.
+ References
No definition available.
+ Details

Name: us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for reclassifications that affects the comparability of the financial statements.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755
+ Details

Name: us-gaap_PriorPeriodReclassificationAdjustmentDescription

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18726-107790

Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18823-107790
+ Details

Name: us-gaap_RevenueRecognitionPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(1)(a))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for standard warranties including the methodology for measuring the liability.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790
+ Details

Name: us-gaap_StandardProductWarrantyPolicy

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for trade and other accounts receivables. This disclosure may include the basis at which such receivables are carried in the entity's statements of financial position (for example, net realizable value), how the entity determines the level of its allowance for doubtful accounts, when impairments, charge-offs or recoveries are recognized, and the entity's income recognition policies for such receivables, including its treatment of related fees and costs, its treatment of premiums, discounts or unearned income, when accrual of interest is discontinued, how the entity records payments received on nonaccrual receivables and its policy for resuming accrual of interest on such receivables. If the enterprise holds a large number of similar loans, disclosure may include the accounting policy for the anticipation of prepayments and significant assumptions underlying prepayment estimates for amortization of premiums, discounts, and nonrefundable fees and costs.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5212-111524

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(5))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5093-111524

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(9))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84159169&loc=d3e10133-111534

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_TradeAndOtherAccountsReceivablePolicy

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6191-108592

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6161-108592

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6143-108592

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6061-108592

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6132-108592

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592
+ Details

Name: us-gaap_UseOfEstimates

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 51 R11.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Related Party Transactions
6 Months Ended

Dec. 31, 2019

Related Party Transactions [Abstract]

Related Party Transactions
Related Party Transactions and Preferred Stock

Richard J. DePiano Sr., (“Mr. DePiano Sr.”), the Company’s former Chairman, participated in an accounts receivable factoring program that was implemented by the Company. Under the program, Mr. DePiano Sr. advanced the Company $645,000 prior to the Debt Exchange Agreement noted below. Interest on the transaction was 1.25% per month. The transactions excluded fees typically charged by the factoring agent and provided much needed liquidity to the Company. There was no related party interest expense for the three-month and six-month periods ended December 31, 2019 and 2018. As of December 31, 2019 and June 30, 2019, accrued interest of $112,389 was payable under the factoring agreement to his estate.

On February 14, 2018, the Company entered into a Debt Exchange Agreement (the “Exchange Agreement”) with Mr. DePiano Sr., the Company's former Chairman and DP Associates Inc. Profit-Sharing Plan of which Mr. DePiano Sr. is the sole owner and sole trustee (the “Holders”). Pursuant to the terms of the Exchange Agreement, effective February 15, 2018, the Holders exchanged a total of $645,000 principal amount of debt related to the accounts receivable factoring program the Company owes the Holders for 2,000,000 shares of Series A Convertible Preferred Stock (the “Preferred Stock”).

Each share of Preferred Stock entitles the Holder thereof to 13 votes per share and will vote together with all other classes and series of stock of the Company as a single class on all actions to be taken by the Company’s stockholders. As a result of this voting power, the Holders as of December 31, 2019 beneficially own approximately 77.81% of the voting power on all actions to be taken by the Company’s shareholders.

Subject to the terms and conditions of Preferred Stock, the holder of any share or shares of the Preferred Stock has the right, at its option at any time, to convert each such share of Preferred Stock (except that, upon any liquidation of the Company, the right of conversion will terminate at the close of business on the business day fixed for payment of the amounts distributable on the Preferred Stock) into 2.15 shares of Common Stock (the “Conversion Ratio”). The Conversion Ratio is subject to standard provisions for adjustment in the event of a subdivision or combination of the Company’s Common Stock and upon any reorganization or reclassification of the capital stock of the Company. If the Holders were to convert their shares of Preferred Stock into Common Stock at the Conversion Ratio the Holders would receive a total of 4,300,000 shares of Common Stock, or approximately 36.70% of the then outstanding shares of Common Stock assuming such conversion.

Each outstanding share of the Preferred Stock accrues dividends calculated cumulatively at the annual rate of $.0258 per share (such amount subject to equitable adjustment in the event of any stock dividend, stock split, combination, reclassification other similar event), payable upon the earlier of (i) a liquidation, dissolution or winding up of the Company or (ii) conversion of the Preferred Stock into Common Stock. Upon either of such events, all such accrued and unpaid dividends, whether or not earned or declared, to and until the date of such event, will become immediately due and payable and will be paid in full. The dividends payable to the holders of the Preferred Stock is payable in cash or, at the election of any such holder, in a number of additional shares of Common Stock equal to the amount of the dividend expressed in dollars divided by the then applicable Conversion Ratio, described above. As of December 31, 2019 and June 30, 2019 the cumulative dividends payable is $96,980 ($0.0428 per share) and $70,968 ($0.0355 per share), respectively.

Mr. DePiano Sr. passed away on October 3, 2019 and left a will by which he appointed Richard J. DePiano, Jr., the Chief Executive Officer of the Company, as executor. Richard DePiano Jr. was elected to serve as chairman of the Company's board. Mr. DePiano, Jr. qualified as executor and has control over the listed shares in his capacity as executor of Mr. DePiano Sr.'s estate.

X

- References
No definition available.
+ Details

Name: us-gaap_RelatedPartyTransactionsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-URI http://asc.fasb.org/topic&trid=2122745
+ Details

Name: us-gaap_RelatedPartyTransactionsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 52 R19.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Retirement and post retirement plans (Tables)
6 Months Ended

Dec. 31, 2019

Retirement Benefits [Abstract]

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]

X

- References
No definition available.
+ Details

Name: us-gaap_CompensationAndRetirementDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920
+ Details

Name: us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 53 R32.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Line of credit (Details) - USD ($)
3 Months Ended 6 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2019

Dec. 31, 2018

Sep. 30, 2019

Jun. 30, 2019

Jun. 30, 2018

Jun. 29, 2018

Line of Credit Facility [Line Items]

Line of Credit Facility, Fair Value of Amount Outstanding $ 201,575 $ 201,575

Line of Credit Facility, Periodic Payment, Interest 4,119 $ 3,035 8,103 $ 10,000

Line of Credit Facility, Interest Rate at Period End 6.24%

Repayments of Lines of Credit 201,575

Accrued expenses $ 638,573 $ 638,573 $ 656,707

Line of Credit [Member]

Line of Credit Facility [Line Items]

Repayments of Lines of Credit 165,000

Interest paid 2,579

General and Administrative Expense 1,000

Line Of Credit Facility, Prime Plus Fee 1,895

Accrued expenses $ 28,797

Notes Payable to Banks [Member]

Line of Credit Facility [Line Items]

Notes Payable to Bank $ 250,000

Debt Instrument, Interest Rate, Stated Percentage 5.00%

Debt Instrument, Basis Spread on Variable Rate 74.00%

Debt Instrument, Interest Rate During Period 5.74%

Line of Credit Facility, Collateral Fees, Amount $ 250,000

X

- Definition
Line Of Credit Facility, Prime Plus Fee
+ References
No definition available.
+ Details

Name: esmc_LineOfCreditFacilityPrimePlusFee

Namespace Prefix: esmc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AccruedLiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument.
+ References
No definition available.
+ Details

Name: us-gaap_DebtInstrumentBasisSpreadOnVariableRate1

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
The average effective interest rate during the reporting period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_DebtInstrumentInterestRateDuringPeriod

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Contractual interest rate for funds borrowed, under the debt agreement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_DebtInstrumentInterestRateStatedPercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.4)
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227
+ Details

Name: us-gaap_GeneralAndAdministrativeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of cash paid for interest, including, but not limited to, capitalized interest and payment to settle zero-coupon bond attributable to accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount; classified as operating and investing activities.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4297-108586
+ Details

Name: us-gaap_InterestPaid

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of the fees associated with providing collateral for the credit facility.
+ References
No definition available.
+ Details

Name: us-gaap_LineOfCreditFacilityCollateralFeesAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Fair value of the amount outstanding under the credit facility.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13433-108611
+ Details

Name: us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The effective interest rate at the end of the reporting period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_LineOfCreditFacilityLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of the required periodic payment applied to interest.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LineOfCreditFacilityPeriodicPaymentInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Including the current and noncurrent portions, the carrying value as of the balance sheet date of notes payable to banks, excluding mortgage notes, initially due beyond one year or beyond the operating cycle if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
+ Details

Name: us-gaap_NotesPayableToBank

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
+ Details

Name: us-gaap_RepaymentsOfLinesOfCredit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_LineOfCreditMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LongtermDebtTypeAxis=us-gaap_NotesPayableToBanksMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 54 R36.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Leases (Details) - USD ($)
3 Months Ended 6 Months Ended

Dec. 31, 2019

Dec. 31, 2019

Dec. 31, 2018

Sep. 30, 2019

Jul. 01, 2019

Jun. 30, 2019

Leases 842 [Abstract]

Net present value of future lease payments of new lease $ 285,000 $ 285,000

Short-term Lease Payments 101,053

Net present value of new lease future payments $ 1,039,920 $ 1,039,920

Lessee, Operating Lease, Term of Contract 5 years 5 years

Operating Lease, Weighted Average Remaining Lease Term 4 years 4 months 10 days 4 years 4 months 10 days

Operating Leases, Future Minimum Payments Receivable, Remainder of Fiscal Year $ 159,805 $ 159,805 $ 356,414

Finance Lease, Liability, Payments, Due Year Two 276,894 276,894 272,881

Operating Leases, Rent Expense 104,449 $ 114,000

Operating Lease, Right-of-Use Asset 972,244 972,244 $ 972,244 $ 1,137,878 0

Operating Lease, Liability $ 1,208,000

Lessor, Operating Lease, Term of Contract 12 months

Finance Lease, Liability, Payments, Due Year Three 260,628 260,628 256,311

Finance Lease, Liability, Payments, Due Year Four 189,848 189,848 188,755

Finance Lease, Liability, Payments, Due Year Five 189,790 189,790 189,790

Operating Leases, Future Minimum Payments, Due Thereafter 96,830 96,830 96,830

Operating Leases, Future Minimum Payments Due 1,173,795 1,173,795 1,360,981

Interest portion in the future lease payments $ 133,875 $ 133,875

Operating Lease, Weighted Average Discount Rate, Percent 0.00% 0.00%

Operating Lease, Liability, Current $ 251,057 $ 251,057 $ 251,057 0

Operating Lease, Liability, Noncurrent $ 788,863 $ 788,863 $ 788,863 $ 0

X

- Definition
Interest portion in the future lease payments
+ References
No definition available.
+ Details

Name: esmc_Interestportioninthefutureleasepayments

Namespace Prefix: esmc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Leases 842 [Abstract]
+ References
No definition available.
+ Details

Name: esmc_Leases842Abstract

Namespace Prefix: esmc_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Net present value of future lease payments of new lease
+ References
No definition available.
+ Details

Name: esmc_Netpresentvalueoffutureleasepaymentsofnewlease

Namespace Prefix: esmc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Net present value of new lease future payments
+ References
No definition available.
+ Details

Name: esmc_Netpresentvalueofnewleasefuturepayments

Namespace Prefix: esmc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease, due in fifth fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearFive

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease, due in fourth fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease, due in third fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease, due in second fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
+ References
No definition available.
+ Details

Name: us-gaap_LeaseAndRentalExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Term of lessee's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (a)(3)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918673-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseTermOfContract

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: instant

X

- Definition
Term of lessor's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 30
-Section 50
-Paragraph 3
-Subparagraph (a)(3)
-URI http://asc.fasb.org/extlink&oid=77888428&loc=SL77919359-209981
+ Details

Name: us-gaap_LessorOperatingLeaseTermOfContract

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiability

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiabilityCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiabilityNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's right to use underlying asset under operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseRightOfUseAsset

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Weighted average discount rate for operating lease calculated at point in time.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (g)(4)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 55
-Paragraph 53
-URI http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971
+ Details

Name: us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 55
-Paragraph 53
-URI http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (g)(3)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980
+ Details

Name: us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: instant

X

- Definition
Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 10
-Section 55
-Paragraph 40
-Subparagraph (Note 3)
-URI http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717
+ Details

Name: us-gaap_OperatingLeasesFutureMinimumPaymentsDue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 10
-Section 55
-Paragraph 40
-Subparagraph (Note 3)
-URI http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697
+ Details

Name: us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of required minimum rental payments receivable in the remainder of the fiscal year following the latest fiscal year ended for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of cash outflow for short-term lease payment excluded from lease liability.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 5
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918643-209977
+ Details

Name: us-gaap_ShortTermLeasePayments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

Related Party Transactions (Details) - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended
Related Party Transactions (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019	Sep. 30, 2019	Feb. 14, 2018
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	$ 645,000
Related Party Transaction, Rate			1.25%
accrued interest related party					$ 112,389
Related Party Transaction, Due from (to) Related Party						$ 645,000
Preferred Stock, Shares Issued		2,000,000		2,000,000		2,000,000
Common Stock, Voting Rights		0.7781
Convertible Preferred Stock, Shares Issued upon Conversion		2.15
Common Stock, Conversion Basis		4300000
Equity Method Investment, Ownership Percentage		36.70%
Dividends Payable, Date to be Paid		$ 96,980		$ 70,968
Dividends Payable, Amount Per Share		$ (0.0428)		$ (0.04)		$ (0.03)

Line of credit (Notes)	6 Months Ended
Line of credit (Notes)	Dec. 31, 2019
Line of Credit Facility [Line Items]
Debt Disclosure [Text Block]	Line of Credit On June 29, 2018 the Company entered a business loan agreement with TD bank receiving a line of credit evidenced by a promissory note of $250,000. The interest is subject to change based on changes in an independent index which the Wall Street Journal Prime. The index rate at the date of the agreement is 5.000% per annum. Interest on the unpaid principal balance of the note is calculated using a rate of 0.740 percentage points over the index, adjusted if necessary for any minimum and maximum rate limitations, resulting in an initial rate of 5.740% per annum based on a year of 360 days. The interest rate was 6.24% as of December 31, 2019. The Company was required to put $250,000 in the TD bank savings account as collateral. Mr. Richard J. DePiano Sr. executed a guarantee of the loan in favor of TD Bank. Mr. DePiano Sr. passed away on October 3, 2019, therefore the guarantee is now assumed by his estate. Upon signing the agreement the Company also authorizes TD bank to payoff the line of credit with Newtek Business Credit ("Netwtek"). The total payment was $201,575 which includes $165,000 of outstanding line of credit, $2,579 accrued interest, administrative/legal fee of $1,000, prime plus fee through July 12, 2018 of $1,895 and fees of $28,797. The line of credit from Newtek was paid off on July 3, 2018. As of December 31, 2019 and June 30, 2019, the line of credit balance was $201,575 with TD bank. The line of credit interest expense was approximately $4,000 and $3,000 for the three months ended December 31, 2019 and 2018, respectively. The line of credit interest expense was approximately $8,000 and $10,000 for the six-month periods ended December 31, 2019 and 2018, respectively.

Significant Accounting Policies (Inventory) (Details) - USD ($)	Dec. 31, 2019	Jun. 30, 2019
schedule of inventory [Abstract]
Inventory, Raw Materials, Net of Reserves	$ 887,000	$ 875,000
Inventory, Work in Process, Net of Reserves	183,000	225,000
Inventory, Finished Goods, Net of Reserves	894,000	779,000
Inventory, net	$ 1,963,845	$ 1,878,860

Significant Accounting Policies Goodwill and intangible assets (Details) - USD ($)	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of Intangible Assets (Excluding Goodwill)	$ 605,005	$ 0

Label	Element	Value
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 1,124,002
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	662,878
Cash	us-gaap_Cash	1,124,002
Cash	us-gaap_Cash	$ 662,878

Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 234,927	$ 409,743
Restricted Cash, Current	254,556	253,135
Accounts receivable, net	1,772,254	1,496,105
Inventory, net	1,963,845	1,878,860
Other current assets	201,656	223,078
Total current assets	4,427,238	4,260,921
Property and equipment, net	90,308	67,896
Operating Lease, Right-of-Use Asset	972,244	0
Trademarks and trade names	0	605,006
Finite-Lived Intangible Assets, Net	131,875	141,700
Deposits Assets, Noncurrent	62,785	51,915
Total assets	5,684,450	5,127,438
Current liabilities:
Short-term Debt	201,575	201,575
Other Notes Payable, Current	3,133	3,401
Accounts payable	841,692	666,510
Accrued expenses	638,573	656,707
Interest Payable, Current	112,389	112,389
Current portion of post-retirement benefits (related party)	0	101,891
Operating Lease, Liability, Current	251,057	0
Deferred Revenue, Current	635,678	426,803
Liabilities of discontinued operations	89,720	90,933
Total current liabilities	2,773,817	2,260,209
Other Notes Payable, Noncurrent	13,501	14,896
Operating Lease, Liability, Noncurrent	788,863	0
Accrued post-retirement benefits, net of current portion (related party)	0	690,094
Total long-term liabilities	802,364	704,990
Total liabilities	3,576,181	2,965,199
Shareholders equity:
Series A convertible preferred stock, $0.001 par value; 2,000,000 shares authorized;2,000,000 issued and outstanding	645,000	645,000
Common stock, $0.001 par value; 35,000,000 shares authorized; 7,415,329 shares issued and outstanding	7,415	7,415
Additional paid-in capital	69,702,043	69,702,043
Accumulated deficit	(68,246,189)	(68,192,219)
Total shareholders' equity	2,108,269	2,162,239
Total liabilities and shareholders' equity	$ 5,684,450	$ 5,127,438

Consolidated Statements Of Cash Flows - USD ($)	6 Months Ended
Consolidated Statements Of Cash Flows - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities:
Net loss	$ (53,970)	$ (265,719)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	23,474	24,927
Change in operating assets and liabilities:
Increaser(Decrease) in Accounts Receivable	(276,149)	87,364
Increase (Decrease) in Inventories	(84,985)	(145,257)
Increase (Decrease) in Other Operating Assets	21,423	12,020
Increase (Decrease) in Other Noncurrent Assets	(10,870)	0
Increase (Decrease) in Deferred Revenue	208,875	(15,164)
Increase (decrease) in liabilities of discontinued operations	(1,213)	(1,029)
Increase (Decrease) in Accounts Payable	175,182	211,335
Increase (Decrease) in Accrued Liabilities	52,455	(138,004)
Change in accrued post-retirement benefits	(33,964)	(19,167)
Payments for Leasing Costs	(168,546)	0
Other Operating Activities, Cash Flow Statement		0
Employee Benefits and Share-based Compensation, Noncash	(758,021)	0
Net Cash Provided by (Used in) Operating Activities	(135,670)	(248,694)
Cash Flows from Investing Activities:
Purchase of fixed assets	(36,061)	(6,506)
Net Cash Provided by (Used in) Investing Activities	(36,061)	(6,506)
Net Cash provided by (used in) Financing Activities:
Repayments of Notes Payable	(1,664)	(1,287)
Proceeds from (Repayments of) Lines of Credit	0	36,575
Net Cash Provided by (Used in) Financing Activities	(1,664)	35,288
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(173,395)	(219,912)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	489,483	904,090
Cash and cash equivalents, beginning of period	234,927	652,518
Restricted Cash	254,556	251,572
Cash, cash equivalent and restricted cash, end of period	489,483	904,090
Supplemental Schedule of Cash Flow Information:
Interest Paid, Excluding Capitalized Interest, Operating Activities	$ 8,775	$ 39,070

Going concern (Details) - USD ($)	Dec. 31, 2019	Jun. 30, 2019
Going concern [Abstract]
Retained Earnings (Accumulated Deficit)	$ (68,246,189)	$ (68,192,219)

Consolidated Statements Of Operations - USD ($)	3 Months Ended		6 Months Ended
Consolidated Statements Of Operations - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Revenue from External Customer [Line Items]
Revenues	$ 2,739,893	$ 2,418,880	$ 5,027,881	$ 4,677,263
Costs and expenses:
Cost of Goods and Services Sold	1,452,179	1,280,173	2,628,849	2,483,306
Marketing, general and administrative	1,093,930	1,138,916	2,093,357	2,141,153
Research and development	261,759	226,338	507,397	322,746
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	605,006	0	605,006	0
Operating Costs and Expenses	3,412,874	2,645,427	5,834,609	4,947,205
Loss from operations	(672,981)	(226,547)	(806,728)	(269,942)
Other (expense) income:
Other Nonoperating Income (Expense)	0	11,122	758,021	11,122
Interest income	1,757	864	2,840	3,374
Interest expense	(4,119)	(3,422)	(8,103)	(10,273)
Total other (expense) income	(2,362)	8,564	752,758	4,223
Net loss	(675,343)	(217,983)	(53,970)	(265,719)
Preferred Stock Dividends, Income Statement Impact	13,006	13,006	26,012	26,011
Net Income (Loss) Available to Common Stockholders, Basic	$ (688,349)	$ (230,989)	$ (79,982)	$ (291,730)
Net income (loss) per share
Earnings (Loss) Per Share, Basic	$ (0.09)	$ (0.03)	$ (0.01)	$ (0.04)
Earnings (Loss) Per Share, Diluted	$ (0.09)	$ (0.03)	$ (0.01)	$ (0.04)
Weighted average shares - basic	7,415,329	7,415,329	7,415,329	7,415,329
Weighted average shares - diluted	7,415,329	7,415,329	7,415,329	7,415,329
Product [Member]
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 2,497,107	$ 2,197,050	$ 4,549,286	$ 4,219,433
Service [Member]
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 242,786	$ 221,830	$ 478,595	$ 457,830

Going concern (Notes)	6 Months Ended
Going concern (Notes)	Dec. 31, 2019
Going concern [Abstract]
Liquidity Disclosure [Policy Text Block]	. Going Concern The Company’s operations are subject to a number of factors that can affect its operating results and financial condition. Such factors include, but are not limited to: the continuous enhancement of the current products, development of new products; changes in domestic and foreign regulations; ability of manufacture successfully; competition from products manufactured and sold or being developed by other companies; the price of, and demand for, the Company’s products and its ability to raise capital to support its operations. To date, the Company’s operations have not generated sufficient revenues to enable profitability. As of December 31, 2019, the Company had an accumulated deficient of $68.2 million, and incurred recurring losses from operations and incurred negative cash flows from operating activities. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These unaudited condensed consolidated financial statements do not include any adjustments relating to the realization of the carrying value of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company's continuance as a going concern is dependent on its future profitability and on the on-going support of its shareholders, affiliates and creditors. In order to mitigate the going concern issues, the Company is actively pursuing business partnerships, managing its continuing operations, implementing cost-cutting measures and seeking to sell certain assets. The Company may not be successful in any of these efforts.

Document And Entity Information	6 Months Ended
Document And Entity Information	Dec. 31, 2019 shares
Document And Entity Information [Abstract]
Entity Registrant Name	ESCALON MEDICAL CORP.
Entity Central Index Key	0000862668
Current Fiscal Year End Date	--06-30
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	7,415,329
Entity Interactive Data Current	No
Entity Current Reporting Status	Yes

Consolidated Statements Of Shareholders' Equity and Comprehensive Loss - USD ($)	Total	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Preferred Stock, Shares Outstanding			2,000,000
Preferred Stock, Value, Issued			$ 645,000
Balance at Jun. 30, 2018	$ 2,412,255	$ 7,415		$ 69,702,043	$ (67,942,203)
Balance, shares at Jun. 30, 2018		7,415,329
Net loss	(47,736)	$ 0	$ 0	0	(47,736)
Balance at Sep. 30, 2018	2,364,519	$ 7,415		69,702,043	(67,989,939)
Balance, shares at Sep. 30, 2018		7,415,329
Balance at Jun. 30, 2018	2,412,255	$ 7,415		69,702,043	(67,942,203)
Balance, shares at Jun. 30, 2018		7,415,329
Net loss	(265,719)
Balance at Dec. 31, 2018	2,146,536	$ 7,415		69,702,043	(68,207,922)
Balance, shares at Dec. 31, 2018		7,415,329
Preferred Stock, Shares Outstanding			2,000,000
Preferred Stock, Value, Issued			$ 645,000
Balance at Sep. 30, 2018	2,364,519	$ 7,415		69,702,043	(67,989,939)
Balance, shares at Sep. 30, 2018		7,415,329
Net loss	(217,983)	$ 0	$ 0	0	(217,983)
Balance at Dec. 31, 2018	2,146,536	$ 7,415		69,702,043	(68,207,922)
Balance, shares at Dec. 31, 2018		7,415,329
Preferred Stock, Shares Outstanding			2,000,000
Preferred Stock, Value, Issued			$ 645,000
Preferred Stock, Shares Outstanding			2,000,000
Preferred Stock, Value, Issued	645,000		$ 645,000
Balance at Jun. 30, 2019	2,162,239	$ 7,415		69,702,043	(68,192,219)
Balance, shares at Jun. 30, 2019		7,415,329
Net loss	621,373	$ 0	$ 0	0	621,373
Balance at Sep. 30, 2019	2,783,612	$ 7,415		69,702,043	(67,570,846)
Balance, shares at Sep. 30, 2019		7,415,329
Balance at Jun. 30, 2019	2,162,239	$ 7,415		69,702,043	(68,192,219)
Balance, shares at Jun. 30, 2019		7,415,329
Net loss	(53,970)
Balance at Dec. 31, 2019	2,108,269	$ 7,415		69,702,043	(68,246,189)
Balance, shares at Dec. 31, 2019		7,415,329
Preferred Stock, Shares Outstanding			2,000,000
Preferred Stock, Value, Issued			$ 645,000
Balance at Sep. 30, 2019	2,783,612	$ 7,415		69,702,043	(67,570,846)
Balance, shares at Sep. 30, 2019		7,415,329
Net loss	(675,343)	$ 0	$ 0	0	(675,343)
Balance at Dec. 31, 2019	$ 2,108,269	$ 7,415		$ 69,702,043	$ (68,246,189)
Balance, shares at Dec. 31, 2019		7,415,329
Preferred Stock, Shares Outstanding			2,000,000
Convertible Preferred Stock, Shares Issued upon Conversion	2.15
Preferred Stock, Value, Issued	$ 645,000		$ 645,000

Related Party Transactions	6 Months Ended
Related Party Transactions	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions and Preferred Stock Richard J. DePiano Sr., (“Mr. DePiano Sr.”), the Company’s former Chairman, participated in an accounts receivable factoring program that was implemented by the Company. Under the program, Mr. DePiano Sr. advanced the Company $645,000 prior to the Debt Exchange Agreement noted below. Interest on the transaction was 1.25% per month. The transactions excluded fees typically charged by the factoring agent and provided much needed liquidity to the Company. There was no related party interest expense for the three-month and six-month periods ended December 31, 2019 and 2018. As of December 31, 2019 and June 30, 2019, accrued interest of $112,389 was payable under the factoring agreement to his estate. On February 14, 2018, the Company entered into a Debt Exchange Agreement (the “Exchange Agreement”) with Mr. DePiano Sr., the Company's former Chairman and DP Associates Inc. Profit-Sharing Plan of which Mr. DePiano Sr. is the sole owner and sole trustee (the “Holders”). Pursuant to the terms of the Exchange Agreement, effective February 15, 2018, the Holders exchanged a total of $645,000 principal amount of debt related to the accounts receivable factoring program the Company owes the Holders for 2,000,000 shares of Series A Convertible Preferred Stock (the “Preferred Stock”). Each share of Preferred Stock entitles the Holder thereof to 13 votes per share and will vote together with all other classes and series of stock of the Company as a single class on all actions to be taken by the Company’s stockholders. As a result of this voting power, the Holders as of December 31, 2019 beneficially own approximately 77.81% of the voting power on all actions to be taken by the Company’s shareholders. Subject to the terms and conditions of Preferred Stock, the holder of any share or shares of the Preferred Stock has the right, at its option at any time, to convert each such share of Preferred Stock (except that, upon any liquidation of the Company, the right of conversion will terminate at the close of business on the business day fixed for payment of the amounts distributable on the Preferred Stock) into 2.15 shares of Common Stock (the “Conversion Ratio”). The Conversion Ratio is subject to standard provisions for adjustment in the event of a subdivision or combination of the Company’s Common Stock and upon any reorganization or reclassification of the capital stock of the Company. If the Holders were to convert their shares of Preferred Stock into Common Stock at the Conversion Ratio the Holders would receive a total of 4,300,000 shares of Common Stock, or approximately 36.70% of the then outstanding shares of Common Stock assuming such conversion. Each outstanding share of the Preferred Stock accrues dividends calculated cumulatively at the annual rate of $.0258 per share (such amount subject to equitable adjustment in the event of any stock dividend, stock split, combination, reclassification other similar event), payable upon the earlier of (i) a liquidation, dissolution or winding up of the Company or (ii) conversion of the Preferred Stock into Common Stock. Upon either of such events, all such accrued and unpaid dividends, whether or not earned or declared, to and until the date of such event, will become immediately due and payable and will be paid in full. The dividends payable to the holders of the Preferred Stock is payable in cash or, at the election of any such holder, in a number of additional shares of Common Stock equal to the amount of the dividend expressed in dollars divided by the then applicable Conversion Ratio, described above. As of December 31, 2019 and June 30, 2019 the cumulative dividends payable is $96,980 ($0.0428 per share) and $70,968 ($0.0355 per share), respectively. Mr. DePiano Sr. passed away on October 3, 2019 and left a will by which he appointed Richard J. DePiano, Jr., the Chief Executive Officer of the Company, as executor. Richard DePiano Jr. was elected to serve as chairman of the Company's board. Mr. DePiano, Jr. qualified as executor and has control over the listed shares in his capacity as executor of Mr. DePiano Sr.'s estate.

Line of credit (Details) - USD ($)	3 Months Ended		6 Months Ended
Line of credit (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 29, 2018
Line of Credit Facility [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding	$ 201,575		$ 201,575
Line of Credit Facility, Periodic Payment, Interest	4,119	$ 3,035	8,103	$ 10,000
Line of Credit Facility, Interest Rate at Period End					6.24%
Repayments of Lines of Credit				201,575
Accrued expenses	$ 638,573		$ 638,573			$ 656,707
Line of Credit [Member]
Line of Credit Facility [Line Items]
Repayments of Lines of Credit				165,000
Interest paid				2,579
General and Administrative Expense				1,000
Line Of Credit Facility, Prime Plus Fee				1,895
Accrued expenses							$ 28,797
Notes Payable to Banks [Member]
Line of Credit Facility [Line Items]
Notes Payable to Bank								$ 250,000
Debt Instrument, Interest Rate, Stated Percentage								5.00%
Debt Instrument, Basis Spread on Variable Rate			74.00%
Debt Instrument, Interest Rate During Period			5.74%
Line of Credit Facility, Collateral Fees, Amount				$ 250,000

Leases (Details) - USD ($)	3 Months Ended	6 Months Ended
Leases (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2019	Jul. 01, 2019	Jun. 30, 2019
Leases 842 [Abstract]
Net present value of future lease payments of new lease	$ 285,000	$ 285,000
Short-term Lease Payments		101,053
Net present value of new lease future payments	$ 1,039,920	$ 1,039,920
Lessee, Operating Lease, Term of Contract	5 years	5 years
Operating Lease, Weighted Average Remaining Lease Term	4 years 4 months 10 days	4 years 4 months 10 days
Operating Leases, Future Minimum Payments Receivable, Remainder of Fiscal Year	$ 159,805	$ 159,805				$ 356,414
Finance Lease, Liability, Payments, Due Year Two	276,894	276,894				272,881
Operating Leases, Rent Expense	104,449		$ 114,000
Operating Lease, Right-of-Use Asset	972,244	972,244		$ 972,244	$ 1,137,878	0
Operating Lease, Liability					$ 1,208,000
Lessor, Operating Lease, Term of Contract				12 months
Finance Lease, Liability, Payments, Due Year Three	260,628	260,628				256,311
Finance Lease, Liability, Payments, Due Year Four	189,848	189,848				188,755
Finance Lease, Liability, Payments, Due Year Five	189,790	189,790				189,790
Operating Leases, Future Minimum Payments, Due Thereafter	96,830	96,830				96,830
Operating Leases, Future Minimum Payments Due	1,173,795	1,173,795				1,360,981
Interest portion in the future lease payments	$ 133,875	$ 133,875
Operating Lease, Weighted Average Discount Rate, Percent	0.00%	0.00%
Operating Lease, Liability, Current	$ 251,057	$ 251,057		$ 251,057		0
Operating Lease, Liability, Noncurrent	$ 788,863	$ 788,863		$ 788,863		$ 0