Restatement and Correction of Error (Tables)

3 Months Ended

Sep. 30, 2017

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

The following adjustments were made to the September 30, 2016 Restated Statement of Income (Unaudited):

AUTHENTIDATE HOLDING CORP.

CONSOLIDATED STATEMENT OF INCOME

	As Originally
	Reported				As Restated
	Three Months				Three Months
	Ended				Ended
	Sept 30,				Sept 30,
	2016		Adj		2016
Net revenues
Fees for services	$	5,691,296	$	-	$	5,691,296
Hosted software services		346,934		-		346,934
Telehealth services		11,845		-		11,845
Total net revenues		6,050,075		-		6,050,075
Operating expenses
Cost of revenues		1,166,996		(160,500)		1,006,496
Write-down of inventory		237,674		-		237,674
Selling, general and administrative		3,582,001				3,582,001
Depreciation and amortization		408,663		-		408,663
Total operating expenses		5,395,334		(160,500)		5,234,834
Operating income		654,741		160,500		815,241
Other expense, net		764,812		-		764,812
Income before provision for income taxes		(110,071)		160,500		50,429
Income tax benefit		45,404		-		45,404
Net income	$	(64,667)	$	160,500	$	95,833
Earnings per share
Basic earnings per common share	$	(0.03)	$	0.03	$	0.00
Diluted earnings per common share	$	(0.03)	$	0.03	$	0.00

The following adjustments were made to the September 30, 2016 Restated Statement of Cash Flows (Unaudited):

AUTHENTIDATE HOLDING CORP.

CONSOLIDATED STATEMENT OF CASH FLOWS

	As Originally
	Reported				As Restated
	Three Months				Three Months
	Ended				Ended
	Sept 30,				Sept 30,
	2016		Adj		2016
Cash Flows from Operating Activities
Net Income	$	(64,667)	$	160,500	$	95,833
Adjustments to reconcile net income to cash provided by operating activities
Write off of inventory		237,674		-		237,674
Loss on debt extinguishment		-		-		-
Change in fair value of derivative liabilities		486,219		-		486,219
Deferred taxes		(45,404)		-		(45,404)
Depreciation and amortization		402,574		-		402,574
Share based compensation		89,526		-		89,526
Deferred rent		(19,682)		-		(19,682)
Changes in assets and liabilities
Accounts receivable		(424,904)		-		(424,904)
Inventory		15,832		(160,500)		(144,668)
Prepaid expenses and other current assets		(34,380)		-		(34,380)
Accounts payable		(190,810)		-		(190,810)
Accrued expenses		(541,908)		-		(541,908)
Accrued commissions		(183,659)		-		(183,659)
Deferred rent		-		-		-
Net cash provided by (used by) operating activities		(273,589)		-		(273,589)
Cash flows from investing activities
Purchases of property and equipment		(15,449)		-		(15,449)
Net cash used in investing activities		(15,449)		-		(15,449)
Cash flows from financing activities
Proceeds from note payable - related party		-		-		-
Repayment of notes payable		(525,000)		-		(525,000)
Net cash used in financing activities		(525,000)		-		(525,000)
Net decrease in cash and cash equivalents		(814,038)		-		(814,038)
Cash and cash equivalents beginning of year		1,414,706		-		1,414,706
Cash and cash equivalents end of year	$	600,668	$	-	$	600,668