Fundamentals

Select the financial statements you wish to view below.  The reports below may be viewed on either an annual or quarterly basis.

NASDAQAHG

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For years ended March 31,

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2022

    

2021

    

2020

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USD

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USD

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USD

REVENUES

 

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Commissions from online marketplace service

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$

96,332

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$

82,054

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$

—

Recommendation service and other

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—

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—

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3,916,276

Sale of medical devices

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6,000,000

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—

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—

Interest income

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215,393

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1,690,448

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3,043,096

Tax and surcharges

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(633)

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(17,567)

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(44,898)

Net Revenues

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6,311,092

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1,754,935

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6,914,474

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Cost of goods sold

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5,394,866

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Gross Profit

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916,226

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1,754,935

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6,914,474

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OPERATING EXPENSE

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Service and development

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421,186

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544,572

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1,032,562

Sales and marketing

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240,927

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1,087,009

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1,462,798

General and administrative

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14,996,104

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27,217,613

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20,488,796

Impairment charge on long-term investments

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1,600,000

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29,189,836

Finance cost

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804,138

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2,154,621

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2,498,706

Share-based compensation

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391,625

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55,468

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347,466

Total Operating Expenses

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16,853,980

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32,659,283

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55,020,164

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LOSS FROM CONTINUING OPERATIONS

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(15,937,754)

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(30,904,348)

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(48,105,690)

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OTHER INCOME (EXPENSE)

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Other income

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40,776

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100,067

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1,239,705

Other expense

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(821,322)

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(264,985)

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(7,545)

Total Other Income (Expense), net

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(780,546)

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(164,918)

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1,232,160

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(LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

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(16,718,300)

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(31,069,266)

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(46,873,530)

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PROVISON FOR INCOME TAXES

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131,433

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482,976

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489,955

NET (LOSS) FROM CONTINUING OPERATIONS

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(16,849,733)

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(31,552,242)

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(47,363,485)

Net loss income from discontinued operations, net of income taxes

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(6,439,549)

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(23,834,894)

Gain from disposal of discontinued operations, net of income taxes

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3,164,802

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Total loss from discontinued operations

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—

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(3,274,747)

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(23,834,894)

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NET (LOSS)

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(16,849,733)

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(34,826,989)

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(71,198,379)

Less: net income attributable to non-controlling interest

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1,331

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NET (LOSS) ATTRIBUTABLE TO AKSO’S SHAREHOLDERS

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(16,851,064)

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(34,826,989)

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(71,198,379)

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OTHER COMPREHENSIVE (LOSS)

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Foreign currency translation adjustment

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1,454,336

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3,942,157

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(5,288,742)

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COMPREHENSIVE (LOSS)

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(15,395,397)

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(30,884,832)

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(76,487,121)

Less: comprehensive income attributable to non-controlling interest

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17

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COMPREHENSIVE (LOSS) ATTRIBUTABLE TO AKSO’S SHAREHOLDERS

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$

(15,395,414)

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$

(30,884,832)

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$

(76,487,121)

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Net (loss) per share

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Continuing operations

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Basic

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(0.28)

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(0.64)

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(0.97)

Diluted

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(0.28)

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(0.64)

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(0.97)

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Discontinued operations

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Basic

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—

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(0.07)

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(0.49)

Diluted

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—

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(0.07)

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(0.49)

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Net (loss) per share

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Basic

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$

(0.28)

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$

(0.71)

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$

(1.46)

Diluted

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$

(0.28)

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$

(0.71)

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$

(1.46)

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Weighted average shares

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Basic

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59,612,152

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48,837,977

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48,757,199

Diluted

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59,612,152

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48,837,977

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48,757,199