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Amesite Inc.
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Additional | ||||||||||||||||||||
Common Stock | Paid-In | Accumulated | ||||||||||||||||||
Shares | Amount | Capital | Deficit | Total | ||||||||||||||||
Balance - July 1, 2023 | 2,542,440 | $ | 255 | $ | 39,514,489 | $ | (33,430,319) | $ | 6,084,425 | |||||||||||
Net loss | - | - | - | (890,693) | (890,693) | |||||||||||||||
Stock-based compensation expense | - | - | 55,098 | - | 55,098 | |||||||||||||||
Balance - September 30, 2023 | 2,542,440 | 255 | 39,569,587 | (34,321,012) | 5,248,830 | |||||||||||||||
Balance - July 1, 2024 | 2,542,440 | $ | 255 | $ | 40,348,958 | $ | (37,833,501) | $ | 2,515,712 | |||||||||||
Net loss | - | - | - | (908,045) | (908,045) | |||||||||||||||
Issuance of common stock for consulting services | 250,000 | 25 | 719,975 | - | 720,000 | |||||||||||||||
Stock-based compensation expense | - | - | 65,440 | - | 65,440 | |||||||||||||||
Balance - September 30, 2024 | 2,792,440 | 280 | 41,134,373 | (38,741,546) | 2,393,107 |
Exhibit | Incorporated by Reference | Filed | ||||||||||
Number | Exhibit Description | Form | File No. | Exhibit | Filing Date | Herewith | ||||||
3.1 | Certificate of Incorporation of the Registrant | 10-Q | 001-39553 | 3.1 | November 16, 2020 | |||||||
3.2 | Bylaws of the Registrant | 10-Q | 001-39553 | 3.2 | November 16, 2020 | |||||||
31.1 | Certification of Chief Executive Officer filed pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a) of the Securities and Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | X | ||||||||||
31.2 | Certification of Chief Financial Officer filed pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a) of the Securities and Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | X | ||||||||||
32.1* | Certification by Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | X | ||||||||||
32.2* | Certification by Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | X | ||||||||||
101.INS | Inline XBRL Instance Document | X | ||||||||||
101.SCH | Inline XBRL Taxonomy Extension Schema Document | X | ||||||||||
101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | X | ||||||||||
101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | X | ||||||||||
101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | X | ||||||||||
101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | X | ||||||||||
104 | Cover Page Interactive Data File - the cover page from the Registrant’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 is formatted in Inline XBRL | X |
Options | Number of Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Term (in years) | |||||||||
Outstanding at July 1, 2024 | 235,219 | 22.05 | 5.46 | |||||||||
Additional vesting | 3,577 | 9.50 | 8.23 | |||||||||
Outstanding and expected to vest at September 30, 2024 | 238,796 | 20.96 | 5.29 |
Three Months Ended | ||||||||
Deferred Revenue | September 30 | |||||||
2024 | 2023 | |||||||
Opening balance | $ | 0 | $ | 53,948 | ||||
Plus billings | 35,625 | 33,750 | ||||||
Less revenue recognized | (11,250) | (63,323) | ||||||
Closing balance | $ | 24,375 | $ | 24,375 |
Three Months Ended | ||||||||
September 30 | ||||||||
2024 | 2023 | |||||||
Net Revenue | $ | 11,250 | $ | 63,333 | ||||
Operating Expenses | ||||||||
General and administrative expenses | 633,122 | 438,262 | ||||||
Technology and content development | 139,658 | 333,434 | ||||||
Sales and marketing | 165,814 | 241,627 | ||||||
Total operating expenses | 938,594 | 1,013,323 | ||||||
Loss from Operations | (927,344) | (949,990) | ||||||
Other Income | ||||||||
Interest income | 19,299 | 59,297 | ||||||
Total other income | 19,299 | 59,297 | ||||||
Net Loss | $ | (908,045) | $ | (890,693) | ||||
Loss per Share | ||||||||
Basic and diluted loss per share | $ | (0.34) | $ | (0.35) | ||||
Weighted average shares outstanding | 2,707,275 | 2,542,440 |