Content analysis
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Financial report summary
?Management Discussion
- Total revenue for the three months ended September 30, 2019 was $177,382, compared to $363,852 for the corresponding prior year period. All revenue generated during the three months ended September 30, 2019 was third party revenue, compared to the corresponding prior year period, when third party revenue was $243,030 and related party revenue was $120,812. $139,768 of our revenue for the three months ended September 30, 2019 was generated from IT consulting services provided to customers located in Brazil. The decrease in total revenue is primarily a result of the Company’s enhanced focus on the development and promotion of its ViviPay platform and decreased focus on its IT consulting business line. The ViviPay platform generated $37,614 in revenue in the third quarter of 2019.