0001493152-18-012282.txt : 20180820 0001493152-18-012282.hdr.sgml : 20180820 20180820101819 ACCESSION NUMBER: 0001493152-18-012282 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 82 CONFORMED PERIOD OF REPORT: 20180630 FILED AS OF DATE: 20180820 DATE AS OF CHANGE: 20180820 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DUO WORLD INC CENTRAL INDEX KEY: 0001635136 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 352517572 STATE OF INCORPORATION: NV FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-55698 FILM NUMBER: 181027422 BUSINESS ADDRESS: STREET 1: 170 S, GREEN VALLEY PARKWAY, SUITE 300 CITY: HENDERSON STATE: NV ZIP: 89012 BUSINESS PHONE: 00 94 112 375 000 MAIL ADDRESS: STREET 1: LEVEL 6, NO. 403, GALLE ROAD CITY: COLOMBO STATE: F1 ZIP: 00300 10-Q 1 form10-q.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 10-Q

 

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended June 30, 2018

 

or

 

[  ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

FOR THE TRANSITION FROM ______ TO ______.

 

Commission File Number: 0-55698

 

 

DUO WORLD, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   35-2517572
(State or other Jurisdiction of   (I.R.S. Employer
Incorporation or Organization)   Identification No.)

 

c/o Duo Software (Pvt.) Ltd.

No. 403 Galle Road

Colombo 03, Sri Lanka

  Not applicable
(Address of principal executive offices)   (Zip code)

 

Registrant’s telephone number: (870) 505-6540

 

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 [  ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Sec.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 [  ]

 

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

 

Large accelerated filer [  ] Accelerated filer [  ]
Non-accelerated filer [  ] Smaller reporting company [X]

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [  ] No [X]

 

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. [  ]

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS

DURING THE PRECEDING FIVE YEARS

 

Indicate by check mark whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes [  ] No [  ]

 

APPLICABLE ONLY TO CORPORATE ISSUERS

 

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: As of August 20, 2018, there were 65,738,320 outstanding shares of the Registrant’s Common Stock, $.001 par value.

 

 

 

 

 

 

INDEX

 

  Page
PART I – FINANCIAL INFORMATION F-1
   
Item 1. Financial Statements. F-1
   
Notes to Financial Statements (Unaudited) F-6
   
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 3
   
Item 3. Quantitative and Qualitative Disclosures about Market Risk 12
   
Item 4. Controls and Procedures 12
   
PART II – OTHER INFORMATION 12
   
Item 1. Legal Proceedings. 12
   
Item 1A. Risk Factors 12
   
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 13
   
Item 3. Defaults Upon Senior Securities 13
   
Item 4. Mine Safety Disclosure 13
   
Item 5. Other Information. 13
   
Item 6. Exhibits 13
   
SIGNATURES 14

 

 2 

 

 

PART I – FINANCIAL INFORMATION

 

Item 1. Financial Statements.

 

Duo World, Inc. and Subsidiaries

Consolidated Financial Statements

June 30, 2018

(Unaudited)

 

 F-1 

 

 

CONTENTS

 

  Page(s)
   
Consolidated Balance Sheets - June 30, 2018 (unaudited) and March 31, 2018 F-3
   
Consolidated Statements of Operations and Comprehensive Income / (Loss) for the three months ended June 30, 2018 and June 30, 2017 (unaudited) F-4
   
Consolidated Statements of Cash Flows for the June 30, 2018 and June 30, 2017 (unaudited) F-5
   
Notes to the Consolidated Financial Statements (unaudited) F-6 – F-21

 

F-2
 

 

Duo World, Inc. and Subsidiaries

Consolidated Balance Sheets

 

   June 30, 2018   March 31, 2018 
    (Unaudited)    (Audited) 
ASSETS          
           
Current Assets          
Cash and cash equivalents  $7,779   $25,798 
Accounts receivable - trade   301,670    369,232 
Prepaid expenses and other current assets   94,331    523,000 
Accrued Revenue   122,561    148,714 
Total Current Assets   526,341    1,066,744 
           
Non-Current Assets          
Property and equipment, net of accumulated depreciation of $252,383 and $255,654 respectively   40,611    43,494 
Intangible assets   766,491    732,939 
Total Non-Current Assets   807,102    776,433 
           
Total Assets  $1,333,443   $1,843,177 
           
LIABILITIES and SHAREHOLDERS’ DEFICIT          
           
Current Liabilities          
Accounts payable  $391,422   $367,620 
Short term borrowings   663,561    690,139 
Payroll, employee benefits, severance   557,392    458,717 
Due to related parties   563,219    524,955 
Payable for acquisition   185,762    185,762 
Taxes payable   132,098    126,716 
Accruals and other payables   156,206    131,550 
Lease creditors   13,454    9,696 
Deferred revenue   14,073    - 
Total Current Liabilities  $2,677,187   $2,495,155 
           
Long Term Liabilities          
Due to related parties   1,344,464    1,348,193 
Lease creditors   7,169    10,129 
Employee Benefit Obligation   148,478    154,032 
Total Long Term liabilities   1,500,111    1,512,354 
           
Total Liabilities  $4,177,298   $4,007,509 
           
Commitments and contingencies (Note 16)          
           
Shareholders’ Deficit          
Ordinary shares: $0.001 par value per share; 400,000,000 shares authorized; 65,738,320 and 52,590,654 shares issued and outstanding, respectively   65,738    52,591 
Convertible series “A” preferred shares: $0.001 par value per share; 10,000,000 shares authorized; 5,000,000 and 5,000,000 shares issued and outstanding, respectively   5,000    5,000 
Additional paid in capital   11,539,358    5,767,533 
Accumulated deficit   (14,562,711)   (8,059,437)
Accumulated other comprehensive income   108,760    69,981 
Total Shareholders’ Deficit   (2,843,855)   (2,164,332)
           
Total Liabilities and Shareholders’ Deficit  $1,333,443   $1,843,177 

 

The accompanying notes are an integral part of these consolidated financial statements.

 

F-3
 

 

Duo World, Inc. and Subsidiaries

Consolidated Statements of Operations and Comprehensive Income (Loss)

For the three months ended June 30, 2018 and June 30, 2017 (Unaudited)

 

   June 30, 2018   June 30, 2017 
         
Revenue  $149,203   $210,812 
Cost of sales (exclusive of depreciation presented below)   (61,820)   (86,750)
Gross income  $87,383   $124,062 
           
Operating Expenses          
General and administrative expenses  $119,112   $148,569 
Salaries and benefits   70,338    84,251 
Professional services- Investment advisory   438,598    - 
Selling and distribution expenses   2,684    3,055 
Depreciation   6,937    7,091 
Amortization of web site development   446    381 
Allowance for bad debts   100,562    30,601 
Total operating expenses  $738,677   $273,948 
           
Loss from operations  $(651,294)  $(149,886)
           
Other income (expenses):          
Gain / (Loss) on disposals  $-   $32 
Other income   266    602 
Bank charges   (730)   (994)
Exchange gain / (loss)   (4,085)   6,225 
Interest expense   (53,939)   (17,851)
Total other expenses  $(58,488)  $(11,986)
           
Loss before provision for income taxes  $(709,782)  $(161,872)
           
Provision for income taxes   -    - 
           
Net loss  $(709,782)  $(161,872)
           
Net loss per common share - basic and diluted  $(0.01)  $(0.00)
           
Basic and Diluted Weighted Average Number of Common Shares Outstanding   56,780,570    38,567,467 
           
Comprehensive Income / (Loss):          
(Loss) / gain on foreign currency translation   38,779    (5,962)
Net loss   (709,782)   (161,872)
Comprehensive Loss  $(671,003)  $(167,834)

 

The accompanying notes are an integral part of these consolidated financial statements.

 

F-4
 

 

Duo World, Inc. and Subsidiaries

Consolidated Statements of Cash Flows

For the three months ended June 30, 2018 and June 30, 2017 (Unaudited)

 

   June 30, 2018   June 30, 2017 
         
Cash flows from operating activities:          
Loss before provision for income taxes  $(709,782)  $(161,872)
           
Adjustments to reconcile loss before provision for income taxes to cash provided by / (used in) operating activities:          
Depreciation   7,383    7,472 
Allowance for bad debts   100,562    30,601 
Gain on disposals of property and equipment   -    (32)
Product development cost written off   19,536    27,384 
Stock issued for services   -    51,800 
Prior year adjustments   4,465    - 
           
Changes in assets and liabilities:          
Accounts receivable - trade   (33,000)   (113,385)
Prepayments   428,669    41,587 
Accounts Payable   23,802    44,272 
Short term borrowing   (26,578)   (14,503)
Payroll, employee benefits, severance   98,675    29,763 
Due to relates parties   38,264    151,105 
Taxes payable   5,382    4,009 
Accruals and other payables   52,695    (12,010)
Employee benefit obligation   (5,554)   - 
Deferred taxes   -    53 
Net cash provided by / (used in) operating activities  $4,519   $86,244 
           
Cash Flows used in investing activities:          
Acquisition of Property and Equipment   (945)   - 
Sale proceeds of disposal of Property and Equipment   29    282 
Intangible assets   (67,102)   (65,426)
Net cash used in investing activities  $(68,018)  $(65,144)
           
Cash flows from financing activities:   -    - 
           
Net cash provided by financing activities  $-   $- 
           
Net increase / (decrease) in cash  $(63,499)  $21,100 
           
Effect of exchange rate changes on cash  45,480    (752)
           
Cash, beginning of period  $25,798    25,084 
           
Cash, end of period  $7,779   $45,432 
           
Supplemental disclosure of cash flow information:          
Cash paid for interest  $22,837   $16,276 
           
Cash paid for income taxes  $-   $- 
           
Supplemental disclosure of non-cash investing and financing activities:          
           
Common shares issued for services received  $-   $51,800 
Common shares issued as a Dividend payment  $5,784,973   $- 

 

The accompanying notes are an integral part of these consolidated financial statements.

 

F-5
 

 

Duo World Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

June 30, 2018

(Unaudited)

 

Note 1 - Organization and Nature of Operations

 

Duo World Inc. (hereinafter referred to as “Successor” or “Duo”) a reporting company since September 26, 2016, was organized under the laws of the state of Nevada on September 19, 2014. Duo Software (Pvt.) Limited (hereinafter referred to as “DSSL” or “Predecessor”), a Sri Lanka based company, was incorporated on September 22, 2004, in the Democratic Socialist Republic of Sri Lanka, as a limited liability company. Duo Software (Pte.) Limited (hereinafter referred to as “DSS” or “Predecessor”), a Singapore based company, was incorporated on June 5, 2007 in the Republic of Singapore as a limited liability company. DSS also includes its wholly-owned subsidiary, Duo Software India (Private) Limited (India), which was incorporated on August 30, 2007, under the laws of India.

 

On December 3, 2014, Duo Software (Pvt.) Limited (DSSL) and Duo Software Pte. Limited (DSS) executed a reverse recapitalization with Duo World Inc. (Duo). See Note 4. Duo (Successor) is a holding company that conducts operations through its wholly owned subsidiaries, DSSL and DSS (Predecessors), in Sri Lanka, Singapore and India. The consolidated entity is referred to as the “Company.” The Company, having its development center in Colombo, has been in the space of developing products and services for the subscription-based industry. The Company’s applications (“Duo Subscribe,” “Duo Contact,” “Digin,” “Facetone,” “CloudCharge” and “SmoothFlow”) provide solutions in the space of Data Analytics, Customer Life Cycle Management, Subscriber Billing and Work Flow.

 

Note 2 - Basis of Presentation

 

The Company has prepared the accompanying consolidated financial statements and accompanying notes in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). All amounts in the consolidated financial statements are stated in U.S. dollars.

 

We have recast certain prior period amounts to conform to the current period presentation, with no impact on consolidated net income or cash flows.

 

Going Concern

 

The accompanying 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 consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

 

As reflected in the accompanying consolidated financial statements, the Company had a net loss of $708,549 and $161,872 for the three months ended June 30, 2018 and 2017, respectively; net cash provided by operations of $4,507 and $86,244 for the three months ended June 30, 2018 and 2017, respectively; working capital deficit of $2,150,846 and $1,428,411 as of June 30, 2018 and March 31, 2018, respectively; outstanding statutory dues towards employee provident fund and employee trust fund of $410,089 and $388,630 as of June 30, 2018 and March 31, 2018, respectively; and a stockholders’ deficit of $2,842,610 and $2,164,332 as of June 30, 2018 and March 31, 2018, respectively.

 

F-6
 

 

Operating losses during the three months ended June 30, 2018 were mainly due to a one-time expenditure incurred for general financial advisory and investment banking services, on account of the agreement signed with Maxim Group LLC on July 3, 2017.

 

Furthermore, the Company has entered into contracts with the clients for the products launched during the fiscal year 2017-18 and our management is confident that these projects shall generate sufficient revenues to offset the operating losses in the recent future.

 

Note 3 - Summary of Significant Accounting Policies

 

Basis of Consolidation

 

The accompanying consolidated Financial Statements include the accounts and transactions of DSSL and DSS (Predecessors) and Duo (Successor). Duo World, Inc. is the parent company of its 100% subsidiaries, Duo Software (Pvt.) Limited (DSSL) and Duo Software Pte. Limited (DSS). Duo Software Pte. Limited is the parent company of its 100% subsidiary, Duo Software India (Private) Limited (India). All significant inter-company accounts and transactions have been eliminated in consolidation.

 

Use of Estimates and Assumptions

 

The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect 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. Making estimates and assumptions requires management to exercise significant judgment. It is least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future non-confirming events. Accordingly, the actual results could differ from those estimates and assumptions. The most significant estimates relate to the timing and amounts of revenue recognition, the recognition and disclosure of contingent liabilities and the collectability of accounts receivable.

 

Risks and Uncertainties

 

The Company’s operations are subject to significant risk and uncertainties including financial, operational, competition and potential risk of business failure. Product revenues are concentrated in the application software industry, which is highly competitive and rapidly changing. Significant technological changes in the industry or customer requirements, or the emergence of competitive products with new capabilities or technologies could adversely affect operating results.

 

F-7
 

 

Concentrations of Credit Risk

 

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains cash and cash equivalents with various high quality financial institutions and we monitor the credit ratings of those institutions. The Company’s sales are primarily to the companies located in Sri Lanka, Singapore, Indonesia and India. The Company performs ongoing credit evaluations of our customers, and the risk with respect to trade receivables is further mitigated by the diversity, both by geography and by industry, of the customer base. Accounts receivable are due principally from the companies under stated contract terms.

 

Provisions

 

A provision is recognized when the Company has present obligations because of past events. It is probable that an outflow of resources embodying economic benefits will be required to settle the obligations and reliable estimates can be made of amount of the obligation. Provisions are not discounted at their present value and are determined based on the best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

 

Accounts Receivable and Provision for Doubtful Accounts

 

The Company recognizes accounts receivable in connection with the products sold and services provided and has strong policies and procedures for the collection of receivables from its clients. However, there are inevitably occasions when the receivables due to the Company cannot be collected and, therefore, have to be written off as bad debts. While the debt collection process is being pursued, an assessment is made of the likelihood of the receivable being collectable. A provision is, therefore, made against the outstanding receivable to reflect that component that may not become collectable. The Company is in the practice of provisioning for doubtful debts based on the period outstanding as per the following:

 

Trade receivables outstanding:  Provision 
Over 24 months   100%
Over 18 months   50%
Over 15 months   25%
Over 12 months   10%
Over 9 months   5%

 

Cash Equivalents

 

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. As of June 30, 2018 and March 31, 2018, there were no cash equivalents.

 

F-8
 

 

Foreign Currency Translation

 

The functional currencies of the Company’s foreign subsidiaries are their local currencies. For financial reporting purposes, these currencies have been translated into United States Dollars ($) and/or USD as the reporting currency. All assets and liabilities denominated in foreign functional currencies are translated into U.S. dollars at the closing exchange rate on the balance sheet date and equity balances are translated at historical rates. Revenues, costs and expenses in foreign functional currencies are translated at the average rate of exchange during the period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of shareholders’ deficit as “accumulated other comprehensive income (loss).” Gains and losses resulting from foreign currency transactions are included in the statement of operations and comprehensive income /(loss) as other income (expense).

 

Property and Equipment

 

Fixed assets (including leasehold improvements) are stated at cost, net of accumulated depreciation and amortization. Depreciation is computed utilizing the straight-line method over the estimated useful lives of the related assets. The estimated salvage value is considered as NIL. Amortization of leasehold improvements is computed utilizing the straight-line method over the estimated benefit period of the related assets, which may not exceed 15 years, or the lease term, if shorter. Repairs and maintenance expenditures, which are not considered improvements and do not extend the useful life of the property and equipment, are expensed as incurred. In case of sale or disposal of an asset, the cost and related accumulated depreciation are removed from the consolidated financial statements.

 

Useful lives of the fixed assets are as follows:

 

Furniture & Fittings   5 years
Improvements to lease hold assets   Lease term
Office equipment   5 years
Computer equipment (Data Processing Equipment)   3 years
Website development   4 years

 

Impairment of Long-Lived Assets

 

The Company reviews long-lived assets, such as property, plant, and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of by sale would be separately presented in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of a group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet.

 

F-9
 

 

Fair Value Measurements and Fair Value of Financial Instruments

 

The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability.

 

The estimated fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost bases, which approximates their fair values because of the short-term nature of these instruments.

 

Post Retirement Benefit Plan

 

The Company has gratuity as it post-employment plan for all the eligible employees. The recognition for the gratuity plan is as below:

 

The expected post-retirement benefit obligation (“EPBO”) is the actuarial present value (“APV”) as of a specific date of the benefits expected to be paid to the employee, beneficiaries, and covered dependents.

 

Measurement of the EPBO is based on the following:

 

1. Expected amount and timing of future benefits

 

2. Expected future costs

 

3. Extent of cost sharing

 

The EPBO includes an assumed salary progression for a pay-related plan. Future compensation levels represent the best estimate after considering the individual employees involved, general price levels, seniority, productivity, promotions, indirect effects, and the like.

 

The accumulated post-retirement benefit obligation (“APBO”) is the APV as of a specific date of all future benefits attributable to service by an employee to that date. It represents the portion of the EPBO earned to date. After full eligibility is attained, the APBO equals the EPBO. The APBO also includes an assumed salary progression for a pay-related plan.

 

Revenue Recognition, Deferred & Accrued Revenue

 

The Company recognizes revenue from the sale of software licenses and related services. The Company’s revenue recognition policy follows guidance from Accounting Standards Codification(“ASC”) 606, Revenue from contracts with customers. Revenue is recognized when the Company transfers promised goods and services to the customer and in the amount that reflects the consideration to which the Company expected to be entitled in exchange for those goods and services.

 

The following five steps are applied in recognizing revenue from contracts:

 

  Identify the contract, or contract with the customer;
     
  Identify the performance obligation of the contract;
     
  Determine the transaction price;
     
  Allocate the transaction price to the performance obligations in the contract; and
     
  Recognize revenue when or as the Company satisfies a performance obligation.

 

F-10
 

 

The Company typically licenses its products on a per server, per user basis with the price per customer varying based on the selection of the products licensed, the number of site installations and the number of authorized users. Currently, Duo is offering two products from which it generates its revenue they are “Duo Subscribe” and “Facetone.” Duo sells its software license along with software implementation and annual maintenance services under an agreement with various clients. The Company raises invoice on key milestone basis, as defined in the agreement and recognizes revenue after satisfying the performance obligations. Revenues from consulting and training services are typically recognized as the services are performed.

 

The Company offers annual maintenance programs on its licenses that provide for technical support and updates to the Company’s software products. Initial Annual Maintenance fees are bundled with license fees in the initial licensing period and recognized when the performance obligation of license fee is met. However, subsequent renewals of annual maintenance are charged separately for renewals. Fair value for maintenance is based upon either renewal rates stated in the contracts or separate sales of renewals to customers. Revenue is recognized ratably, or daily, over the term of the maintenance period, which is typically one year.

 

For the three months ended June 30, 2018 and 2017, the Company received only cash as consideration for sale of licenses and related services rendered.

 

For the three months ended June 30, 2018 and 2017, the Company had the following concentrations of revenues with customers:

 

Customer  June 30, 2018   June 30, 2017 
         
DEN Networks   51.33%   51.88%
LOLC   26.17%   0.00%
Mediatama   8.37%   1.58%
Meghbela   3.74%   2.90%
Topas TV   2.58%   7.52%
Sri Lanka Telecom   2.29%   1.29%
Commercial Bank   1.04%   12.21%
Bank of Ceylon   1.07%   8.49%
Development services   0.00%   7.26%
Other misc. customers   3.41%   6.87%
    100.00%   100.00%

 

F-11
 

 

For the years ended June 30, 2018 and 2017, the Company had the following sales by products:

 

Product  June 30, 2018   June 30, 2017 
         
Duo Subscriber  $82,480   $138,342 
Facetone   60,648    54,445 
Software hosting and reselling   6,075    2,719 
Development Services   -    15,306 
   $149,203   $210,812 

 

Significant Judgments

 

The Company’s contract with customers includes multiple software products and services to deliver and in most of the contracts, the price of the separately identifiable features are stated separately. In the event the price of the multiple product and services are not mentioned in the agreement, the Company allocates transaction price estimating the standalone selling price of the promised products and the services. The determination of standalone selling price for each performance obligation requires judgments. The Company determines standalone selling price for performance obligations based on overall pricing strategies, which consider the market in which the Company operates, historical data analysis, number of users of the product or services, size of the customer and the market price of the hardware used.

 

Contract Balances

 

When the timing of revenue recognition differs from the timing of invoicing for contracts with customers deferred revenue and accrued revenue/ unbilled accounts receivables recognized by the Company. Revenue under Software Implementation contracts are invoiced on stages of completion as stipulated in the agreement and the revenue recognized when the performance obligations are met and the customer signs the user acceptance test (UAT). The Company invoices software license fees and royalty fees at the end of the period according to the customer agreement and accrued revenue/unbilled revenue recognized for the relevant period. The maintenance fee is invoiced beginning of the period and the Company recognizes as deferred revenue in the financial statements.

 

The Company recognized $46,324 in revenue as at June 30, 2018 from the contract with LOLC as the performance obligations are completed in this year, and has a contract balance of $133,061 from the same customer as at June 30, 2018. The Company is waiting for the customer confirmation to deliver the balance of product and services.

 

Refer to Note- 5 for “Accounts receivables and Provision for doubtful debts”

 

Segment Information

 

The Company has determined that its Chief Executive Officer is its Chief Operating Decision Maker. The Company’s Chief Executive Officer reviews financial information presented on a consolidated basis for the purposes of assessing the performance and making decisions on how to allocate resources. Accordingly, the Company has determined that it operates in a single reportable segment.

 

Deferred Revenue - Deferred revenue represents advance payments for software licenses, services, and maintenance billed in advance of the time revenue is recognized. As at March 31, 2018, there were no deferred revenue recognized and as at June 30, 2018, deferred revenue recognized was $14,074.

 

F-12
 

 

Accrued Revenue/Unbilled Accounts Receivable - Accrued revenue/Unbilled accounts receivable primarily occur due to the timing of the respective billings, which occur subsequent to the end of each reporting period. As at June 30, 2018 and March 31, 2018 unbilled/accrued revenues were $122,561 and $148,714, respectively.

 

The Company had no contract liabilities and asset recognized for cost to fulfill a requirement of a customer as at June 30, 2018.

 

Cost of Revenue

 

Cost of Revenue mainly includes purchases, product implementation costs, amortization of product development, developer support and implementation, and consultancy fees related to the products offered by Duo. The aggregate cost related to the software implementations, including support and consulting services pertaining to the revenue recognized during the reporting period, is recognized as Cost of Revenue.

 

Product research and development

 

Product research and development expenses consist primarily of salary and benefits for the Company’s development and technical support staff, contractors’ fees and other costs associated with the enhancements of existing products and services and development of new products and services. Costs incurred for software development prior to technological feasibility are expensed as product research and development costs in the period incurred. Once the point of technological feasibility is reached, which is generally upon the completion of a working prototype that has no critical bugs and is a release candidate, development costs are capitalized until the product is ready for general release and are classified within “Intangibles assets” in the accompanying consolidated balance sheets. The Company amortizes capitalized software development costs using the greater of the ratio of the products’ current gross revenues to the total of current gross revenues and expected gross revenues or on a straight-line basis over the estimated economic life of the related product, which is typically four years.

 

During the three months ended June 30, 2018 and 2017, product research and development cost of $67,102 and $$65,426, respectively, were capitalized as “Intangible assets.”

 

Advertising Costs

 

The Company expenses advertising costs as incurred. No advertising expenses were incurred during the three months ended June 30, 2018 and 2017.

 

Income Taxes

 

The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 

F-13
 

 

Comprehensive Income

 

The Comprehensive Income Topic of the FASB Accounting Standards Codification establishes standards for reporting and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income from April 1, 2015 through March 31, 2018, includes only foreign currency translation gains (losses), and is presented in the Company’s consolidated statements of comprehensive income.

 

Changes in Accumulated Other Comprehensive Income (Loss) by Component during the periods ending on June 30, 2018 and March 31, 2018, were as follows:

 

Foreign Currency Translation gains (losses)    
     
Balance, March 31, 2017  $112,761 
Translation rate gain (loss)   (42,780)
Balance, March 31, 2018  $69,981 
Translation rate gain (loss)   38,779 
Balance, June 30, 2018  $108,760 

 

Recent Accounting Pronouncements

 

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers: Topic 606 and issued subsequent amendments to the initial guidance in August 2015, March 2016, April 2016, May 2016, September 2017 and November 2017 within ASU 2015-04, ASU 2016-08, ASU 2016-10 and ASU 2016-12, ASU 2017-13 and ASU 2017-14, respectively (collectively, Topic 606). Topic 606 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers and will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. Topic 606 defines a five-step process to achieve this core principle and, in doing so, more judgment and estimates will be required within the revenue recognition process than are required under current GAAP (Accounting Standards Codification 605). Topic 606 is effective for the Company’s annual and interim reporting periods beginning January 1, 2018 (“effective date”).

 

The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The Company adopted the new standard effective January 1, 2018 using the modified retrospective method.

 

The Company has adopted implementation of ASC 606 with effect from April 1, 2018 as a result of it $0.21 million impact which was provided as at March 31, 2018 has been reversed.

 

F-14
 

 

Note 4 – Reverse Recapitalization

 

Duo (Successor) merged with DSSL (Predecessors) on December 3, 2014, and merged with DSS (Predecessors) on December 3, 2014 (Predecessors), and DSSL and DSS became the surviving corporations, in a transaction treated as a reverse recapitalization. Duo did not have any material operations and majority-voting control was transferred to DSSL.

 

In the recapitalization, Duo issued 28,000,000 shares of common stock, 5,000,000 series “A” preferred shares and $310,000 in cash in exchange for all of DSSL’s 5,000,000 issued and outstanding shares of common stock. Duo also issued 2,000,000 shares of common stock in exchange for all of DSS’s 10,000 issued and outstanding shares of common stock. The transaction resulted in DSSL’s shareholder and DSS’s shareholder acquiring approximately 100% control.

 

The transaction also required a recapitalization of DSSL and DSS. Since DSSL and DSS acquired a controlling voting interest, they were deemed the accounting acquirer, while Duo was deemed the legal acquirer. The historical financial statements of the Company are those of combined financial statements of DSSL & DSS and of the consolidated entities from the date of recapitalization and subsequent.

 

Since the transaction is considered a reverse recapitalization, the presentation of pro-forma financial information was not required. All share and per share amounts have been retroactively restated to the earliest periods presented to reflect the transaction.

 

Note 5 – Accounts Receivable

 

The following is a summary of accounts receivable as at June 30, 2018 and March 31, 2018;

 

   June 30, 2018   March 31, 2018 
Accounts receivable – Trade  $606,818   $576,775 
Less: Provision for doubtful debts   (305,148)   (207,543)
   $301,670   $369,232 

 

As at June 30, 2018 and March 31, 2018, the Company had the following concentrations of accounts receivables with customers:

 

Customer  June 30, 2018   March 31, 2018 
Megamedia   39.47%   56.37%
Topas   17.73%   14.83%
Commercial Bank   8.95%   7.85%
LOLC   7.75%   0.00%
DEN Networks   5.81%   1.86%
Development Services   5.52%   5.04%
Bank of Ceylon   5.24%   4.61%
Meghbela   3.88%   2.05%
Other receivables   5.63%   7.39%
    100.00%   100.00%

 

F-15
 

 

Note 6 – Prepaid Expenses and Other Current Assets

 

The following is a summary of prepaid expenses and other current assets as at June 30, 2018 and March 31, 2018;

 

   June 30, 2018   March 31, 2018 
Security deposits  $67,441   $67,348 
ESC receivable   9,378    5,688 
OTCQB Annual Fee   9,000    - 
Prepayments   490    1,370 
Supplier advance   134    136 
Prepayment for other professional services   -    438,598 
Insurance prepayment   -    1,160 
Other receivables   7,888    8,700 
   $94,331   $523,000 

 

During the year ended March 31, 2018, the Company has written off WHT receivables of $189,121 as the recoverability of the WHT asset is uncertain.

 

Note 7– Property and Equipment

 

The following table illustrates net book value of property and equipment as at June 30, 2018 and March 31, 2018;

 

   June 30, 2018   March 31, 2018 
Office equipment  $2,015   $2,054 
Furniture & fittings   136,136    138,752 
Computer equipment (Data Processing Equipment)   119,595    122,443 
Improvements to lease hold assets   20,821    21,221 
Website Development   14,427    14,678 
    292,994    299,148 
Accumulated depreciation and amortization   (252,383)    (255,654) 
Net fixed assets  $40,611   $43,494 

 

Depreciation and amortization expense for the three months ended June 30, 2018 and 2017 was $7,383 and $7,472, respectively.

 

F-16
 

 

Note 8 – Intangible assets

 

Intangible assets are comprised of capitalization of certain costs pertaining to product development, which meets the criteria as set forth above under Note 3. The following table illustrates the movement in intangible assets as at June 30, 2018 and March 31, 2018:

 

   June 30, 2018   March 31, 2018 
Opening Balance  $732,939   $580,899 
Add: Costs capitalized during the year   67,102    277,812 
Less: Amount Written-off   (19,536)   (113,363)
Translational gain   (14,014)   (12,409)
Net Intangible Assets  $766,491   $732,939 

 

Note 9 – Short-term borrowings

 

The following is a summary of short-term borrowings as at June 30, 2018 and March 31, 2018;

 

   June 30, 2018   March 31, 2018 
PAN Asia Bank – Short term overdraft  $441,623   $440,609 
PAN Asia Bank – Loan   134,914    162,636 
Commercial bank   62,202    53,571 
Senkadagala Finance   24,822    33,323 
   $663,561   $690,139 

 

Bank overdraft facility, obtained from Pan Asia Banking Corporation PLC, contains an interest rate of 15.25% per annum up to $ 235,244 and 15.86% per annum up to $425,821.

 

Note 10 – Due to Related Parties

 

Due to Related Parties – Short term

 

From time to time, the Company receives advances from related parties such as management, directors or principal shareholders in the normal course of business. Loans and advances received from related parties are unsecured and non-interest bearing. Balances outstanding to these persons for less than 12 months are presented under current liabilities in the accompanying consolidated financial statements. As of June 30, 2018 and March 31, 2018, the Company owed directors $563,219 and $524,955, respectively.

 

F-17
 

 

Due to Related Parties – Long term

 

Balances outstanding to related parties for more than 12 months are presented under long-term liabilities in the accompanying consolidated financial statements. As of June 30, 2018 and March 31, 2018, the Company owed directors $1,344,464 and $1,348,193, respectively.

 

Note 11 – Taxes Payable

 

The taxes payable is comprised of items listed below as at June 30, 2018 and March 31, 2018;

 

   June 30, 2018   March 31, 2018 
PAYE  $127,295   $117,805 
Stamp Duty Payable   29    34 
Tax payable   4,774    8,877 
   $132,098   $126,716 

 

Note 12 – Accruals and Other Payables

 

The following is a summary of accruals and other payables as at June 30, 2018 and March 31, 2018;

 

   June 30, 2018   March 31, 2018 
Audit fee payable  $17,005   $22,260 
Accruals   17,215    29,128 
Other payables   117,224    78,745 
Accrued interest   4,762    1,417 
   $156,206   $131,550 

 

F-18
 

 

Note 13 – Cost of Revenue

 

The following is the summary of cost of revenue for the three months ending June 30, 2018 and 2017;

 

   June 30, 2018   June 30, 2017 
Purchases  $9,613   $11,252 
Implementation cost   9,986    9,202 
Product development cost written off   19,536    27,384 
Consultancy, contract basis employee cost   -    6,825 
Support services   20,519    17,206 
Other external Services   25    3,250 
Cost of development services   2,141    11,631 
   $61,820   $86,750 

 

Note 14 – General and Administrative Expenses

 

The following is the summary of general and administrative expenses for the three months ending June 30, 2018 and 2017;

 

   June 30, 2018   June 30, 2017 
Directors remuneration  $37,067   $38,123 
EPF   8,902    11,078 
ETF   2,226    2,769 
Vehicle allowance   9,196    9,457 
Office rent   14,256    18,701 
Electricity charges   3,201    3,796 
Office maintenance   3,032    2,987 
Telephone charges   2,347    2,573 
Audit fees   2,643    3,178 
Staff welfare   1,955    3,907 
Computer maintenance   1,446    1,726 
Professional fees   1,290    5,010 
Legal Fee   4,500    1,500 
Internet charges   2,989    3,309 
Irrecoverable tax   8,678    10,087 
Software Rentals   4,469    7,526 
Other professional services   2,373    2,244 
OTC market Fees   3,000    - 
Transfer agent fees   2,175    450 
Gratuity   -    3,640 
Printing and stationery   154    266 
Office expenses   358    551 
Courier and postage   238    84 
Security charges   500    1,005 
Insurance expense   -    525 
Travelling expense   560    776 
Secretarial fees   169    186 
Consulting Fee   -    8,550 
Penalties / Late payment charges   814    - 
Filling fee and subscription   395    2,860 
Stamp duty expenses   6    493 
Other expenses   173    1,212 
   $119,112   $148,569 

 

F-19
 

 

Note 15 – Selling and Distribution Expenses

 

The following is the summery of selling and distribution expenses for the three months ending June 30, 2018 and 2017;

 

   June 30, 2018   June 30, 2017 
Vehicle hire charges  $1,517   $1,560 
Vehicle running expense   1,138    1,170 
Travel expenses   29    - 
Marketing expenses   -    325 
   $2,684   $3,055 

 

Note 17 - Equity

 

(A) Common Stock

 

As at June 30, 2018, the Company had 400,000,000 authorized common shares having a par value of $0. 001. The ordinary shares have been designated with the following rights:

 

    Voting rights: Common shareholders can attend at annual general meeting to cast vote or use a proxy.
     
  Right to elect board of directors: Common shareholders control the Company through their right to elect the company’s board of directors.
     
  Right to share income and assets: Common shareholders have the right to share company’s earnings equally on a per-share basis in the form of dividend. Similarly, in the event of liquidation, shareholders have claim on assets that remain after meeting the obligation to accrued taxes, accrued salary and wages, creditors including bondholders (if any) and preferred shareholders. Thus, common shareholders are residual claimants of the company’s income and assets.

 

F-20
 

 

During the three months ended June 30, 2018, the Company issued following common shares:

 

Date  Type  No. of Shares   Valuation 
06/30/2017  Stock issued as a Dividend payment   13,147,666   $5,784,973 
           $5,784,973 

 

(B) Preferred Stock

 

As at June 30, 2018, the Company had 10,000,000 authorized series “A” preferred shares having a par value of $0.001 per share.

 

The preferred shares have been designated with the following conversion rights:

 

  ●  One preferred share will convert into ten (10) common shares no earlier than 24 months and 1 day after the issuance.

 

Note 18 - Commitments and Contingencies

 

The Company consults with legal counsel on matters related to litigation and other experts both within and outside the Company with respect to matters in the ordinary course of business. The Company does not have any contingent liabilities in respect of legal claims arising in the ordinary course of business.

 

Duo entered into a lease commitment for its Sri Lanka office amounting to $114,890 with Happy Building Management Company for a period of 3 years. Duo entered in to another lease commitment for its Indian office amounting to $1,189 on April 1, 2018 with Regus Office Center Services Pvt Limited for a period of 1 year.

 

Guarantees provided by the company existed on the balance sheet date are as follows:

 

Date  Description  Amount 
9/23/2011  Performance Bond for BOC Tender  $              9,587 
5/15/2013  Guarantee for Lanka Clear   2,014 
7/31/2014  Guarantee for SLT   543 
8/10/2015  Guarantee for LOLC   1,532 
1/25/2018  Security deposit- Senkadagala Finance   47,871 
5/23/2018  Rent deposit for Delhi apartment   1,480 
      $63,027 

 

Note 19 - Subsequent Events

 

On July 27, 2018, Duo World, Inc. filed an Amendment to its Certificate of Designation of its Series A Preferred Stock with the Secretary of State of Nevada. This amendment reduced the number of shares of Series A Preferred Stock from 10,000,000 to 5,000,000 and returned 5,000,000 treasury shares of Series A Preferred Stock to the status of authorized, but unissued, Preferred Stock, par value $0.001 per share.

 

Note 20 - General

 

Figures have been rounded off to the nearest dollar and the comparative figures have been re-arranged / reclassified, wherever necessary, to facilitate comparison.

 

F-21
 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

Cautionary Forward - Looking Statement

 

The following discussion and analysis of the results of operations and financial condition of Duo World, Inc. should be read in conjunction with the unaudited financial statements, and the related notes. References to “we,” “our,” or “us” in this section refers to the Company and its subsidiaries. Our discussion includes forward-looking statements based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations and intentions. We use words such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “may,” “will,” “should,” “could,” and similar expressions to identify forward-looking statements.

 

Certain matters discussed herein may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties include, but are not limited to, the following:

 

  the volatile and competitive nature of our industry,
  the uncertainties surrounding the rapidly evolving markets in which we compete,
  the uncertainties surrounding technological change of the industry,
  our dependence on its intellectual property rights,
  the success of marketing efforts by third parties,
  the changing demands of customers;and
  the arrangements with present and future customers and third parties.

 

Should one or more of these risks or uncertainties materialize or should any of the underlying assumptions prove incorrect, actual results of current and future operations may vary materially from those anticipated.

 

Our MD&A is comprised of the following sections:

 

  A. Business Overview
     
  B. Critical Accounting Policies
     
  C. Results of operations for the three months ended June 30, 2018 and June 30, 2017
     
  D. Financial condition as at March 31, 2017 and June 30, 2018
     
  E. Liquidity and capital reserves
     
  F. Milestones for next twelve months

 

A. Business overview:

 

Duo World, Inc. (hereinafter referred to as “Successor” or “Duo”), a reporting Company since September 26, 2016, was organized under the laws of the state of Nevada on September 19, 2014. Duo Software (Pvt.) Limited (hereinafter referred to as “DSSL” or “Predecessor”), a Sri Lanka based company, was incorporated on September 22, 2004, in the Democratic Socialist Republic of Sri Lanka, as a limited liability company. Duo Software (Pte.) Limited (hereinafter referred to as “DSS” or “Predecessor”), a Singapore based company, was incorporated on June 5, 2007 in the Republic of Singapore as a limited liability company. DSS also includes its wholly-owned subsidiary, Duo Software India (Private) Limited (India), which was incorporated on August 30, 2007, under the laws of India.

 

Effective December 3, 2014, DSSL and DSS executed a reverse recapitalization with Duo. Duo (“Successor”) is a holding company that conducts operations through its wholly-owned subsidiaries, DSSL and DSS (“Predecessors”) in Sri Lanka, Singapore and India. The consolidated entity is referred to as the “Company.” The Company, having its development center in Colombo, Sri Lanka, specializes in the space of Customer Life Cycle Management & Contact Center solutions and Subscriber Management Billing and Business Intelligence in the Asia Pacific Region. Driven by innovation, Duo World has served the enterprises in many ways, including efficiency, cost reduction, revenue optimization and continuous value addition to their product or service offerings. Duo World has been in the business of developing products and services for the subscription based industry.

 

Our authorized capital consists of 410,000,000 shares, including 400,000,000 shares of common stock, $0.001 par value, and 10,000,000 shares of preferred stock, $0.001 par value.

 

 3 

 

 

B. Critical Accounting Policies:

 

We prepare our consolidated financial statements in accordance with GAAP. The preparation of consolidated financial statements also requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, costs and expenses and related disclosures. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results could differ significantly from the estimates made by our management. To the extent that there are differences between our estimates and actual results, our future financial statement presentation, financial condition, results of operations and cash flows will be affected. We believe that the accounting policies discussed below are critical to understanding our historical and future performance, as these policies relate to the more significant areas involving management’s judgments and estimates.

 

Critical accounting policies and estimates are those that we consider the most important to the portrayal of our financial condition and results of operations because they require our most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of the matters that are inherently uncertain.

 

Revenue Recognition

 

The Company recognizes revenue from the sale of software licenses and related services. The Company’s revenue recognition policy follows guidance from Accounting Standards Codification (“ASC”) 606, Revenue from contracts with customers. Revenue is recognized when the Company transfers promised goods and services to the customer and in the amount that reflect the consideration to which the company expected to be entitled in exchange for those goods and services.

 

The following five steps are followed in recognizing revenue from contracts:

 

  Identify the contract ,or contract with the customer;
     
  Identify the performance obligation of the contract;
     
  Determine the transaction price;
     
  Allocate the transaction price to the performance obligations in the contract and;
     
  Recognize revenue when or as the Company satisfies a performance obligation.

 

The Company typically licenses its products on a per server, per user basis with the price per customer varying based on the selection of the products licensed, the number of site installations and the number of authorized users. Currently, Duo is offering two products from which it generates its revenue they are “DuoSubscribe” and “FaceTone.” Duo sells its software license along with software implementation and annual maintenance services under an agreement with various clients. The Company raises invoice on key milestone basis, as defined in the agreement and recognizes revenue after satisfying the performance obligations. Revenues from consulting and training services are typically recognized as the services are performed.

 

The Company offers annual maintenance programs on its licenses that provide for technical support and updates to the Company’s software products. Maintenance fees are bundled with license fees in the initial licensing period and charged separately for renewals of annual maintenance in subsequent years. Fair value for maintenance is based upon either renewal rates stated in the contracts or separate sales of renewals to customers. Revenue is recognized ratably, or daily, over the term of the maintenance period, which is typically one year.

 

 4 

 

 

Provisions

 

A provision is recognized when the Company has present obligations as a result of past events. It is probable that an outflow of resources embodying economic benefits will be required to settle the obligations and reliable estimates can be made of amount of the obligation. Provisions are not discounted at their present value and are determined based on the best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

 

Income Taxes

 

The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 

Quantitative and Qualitative Disclosure about Market Risk

 

We are exposed to financial market risks, primarily changes in interest rates. Market risk is the potential loss arising from adverse changes in market rates and prices.

 

Foreign Currency Exchange Risk

 

Our results of operations and cash flows are subject to fluctuations due to changes in foreign currency exchange rates. All of our revenues are normally generated in U.S. dollars or Sri Lankan rupees. Our expenses are generally denominated in the currencies in which our operations are located, which are primarily in Asia and to a lesser extent in the U.S. Our results of operations and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign exchange rates. To date, we have not engaged in any foreign currency hedging strategies. As our international operations grow, we plan to generate revenues in foreign currencies and we will continue to reassess our approach to manage our risk relating to fluctuations in currency rates.

 

Inflation

 

We do not believe that inflation had a material effect on our business, financial condition or results of operations in the last three fiscal years. If our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases. Our inability or failure to do so could harm our business, financial condition and results of operations.

 

C. Results of operations for the three months ended June 30, 2018 and June 30, 2017:

 

The Company had revenues amounting to $149,203 and $210,812, respectively, for three months ended June 30, 2018 and June 30, 2017. Following is a breakdown of revenues for both periods:

 

Product  30-Jun-18   30-Jun-17   Changes 
             
Duo Subscribe  $82,480   $138,342   $(55,862)
Facetone   60,648    54,445    6,203 
Software hosting and reselling   6,075    2,719    3,356 
Development Services   -    15,306    (15,306)
   $149,203   $210,812   $(61,609)

 

 5 

 

 

Total revenue for the three months ended June 30, 2018 decreased by 29% when compared to June 30, 2017. The decrease is mainly due to the drop in revenue generated by the product, DuoSubscribe, as the product is being phased out and the Company is focusing on new products.

 

Our new product, FaceTone, has been successful in converting many sales leads into signed contracts and out of those contracts only part of the revenue has been identified for the period ended June 30, 2018, and the contract balance of $133,061 will be recognized in the future periods.

 

The total increase of 11% in revenue from FaceTone signifies favorable market acceptance of the product.

 

In addition, fully owned subsidiary of Duo World Inc., Duo Software, won a “Merit Award” at the Asia Pacific ICT Alliance (APICTA) Awards, held in December 2016 in Taipei, just months after winning “Gold” and “Merit” Awards at the National Best Quality Software Awards (NBQSA) for the new products.

 

For the three months ended June 30, 2018 and June 30, 2017, the Company had the following concentrations of revenues with customers:

 

Customer  June 30, 2018   June 30, 2017 
         
A   51.33%   51.88%
B   26.17%   0%
C   8.37%   1.58%
D   3.74%   2.90%
Other misc. customers   10.39%   43.64%
    100%   100%

 

The total cost of sales amounted to $61,820 and $86,750 for the three months ended June 30, 2018 and June 30, 2017, respectively. The following table sets forth the Company’s cost of sales breakdown for both periods:

 

   30-Jun-18   30-Jun-17   Changes 
Purchases  $9,613   $11,252   $(1,639)
Implementation cost   9,986    9,202    784 
Product development cost written off   19,536    27,384    (7,848)
Consultancy, contract basis employee cost   -    6,825    (6,825)
Support services   20,519    17,206    3,313 
Other external Services   25    3,250    (3,225)
Cost of development services   2,141    11,631    (9,490)
   $61,820   $86,750   $(24,930)

 

 6 

 

 

Cost of sales marginally decreased by 29% in the three months ended June 30, 2018 when compared to the three months ended June 30, 2017. Reduction in Cost of development services and Consultancy, contract basis employee cost, in line with the revenue reduction were the main contributors to the decrease in cost of sales.

 

The gross income for the three months ended June 30, 2018 and June 30, 2017 amounted to $87,383 and $124,062, respectively.

 

The total operating expenditure amounted to $738,677 and $273,948 for the three months ended June 30, 2018 and June 30, 2017, respectively. The following table sets forth the Company’s operating expenditure analysis for both periods:

 

  

June 30, 2018

  

June 30, 2017

   Changes 
General and administrative expenses  $119,112   $148,569   $(29,457)
Salaries and benefits   70,338    84,251    (13,912)
Professional services- Investment advisory   438,598    -    438,598 
Selling and distribution expenses   2,684    3,055    (371)
Depreciation   6,937    7,091    (154)
Amortization of web site development   446    381    65 
Allowance for bad debts   100,562    30,601    69,961 
Total operating expenses  $738,677   $273,948   $464,729 

 

Following are the main reasons for the variances in operating expenses of the Company:

 

General and Administrative Cost

 

During the three months ended June 30, 2018, general and administrative cost declined by $29,457 (20%) when compared to the same period in 2017, mainly due to reduction in dispensable expenses.

 

 7 

 

 

Salaries and benefits

 

Salaries and benefits decreased by 17% during the three months ended June 30, 2018 as there was a reduction in the total number of staff when compared to the same period in 2017. The Company moved toward outsourcing of non-core activities and this lead to a general decrease in the number of permanent staff.

 

Selling and distribution

 

During the period ended June 30, 2018, marketing expenses marginally decreased as the Company only marketed one new product, which is FaceTone.

 

Professional services – Investment advisory

 

Company incurred a cost of $438,598 for the three months ended June 30, 2018, 59% of the total operating cost on account of agreement signed in July 2017, for general financial advisory and investment banking services. The table below illustrates the impact of Professional services-Investment advisory on the total operating expenditure for the three months ended June 30, 2018 and June 30, 2017.

 

   June 30, 2018   June 30, 2017 
         
Professional services- Investment advisory  $438,598   $- 
Business operating expenses   300,080    273,948 
Total operating expenses  $738,677   $273,948 

 

Depreciation and Amortization expense

 

Depreciation and amortization expense had slightly decreased by $89 during the three months ended June 30, 2018, when compared to the three months ended June 30, 2017.

 

Allowance for bad debts

 

During the three months ended June 30, 2018, the Company made a provision for bad debts amounting to $69,961.

 

The loss from operations for the three months ended June 30, 2018 and June 30, 2017 amounted to $651,294 and $149,886, respectively.

 

The Company’s other income and (expense) for the three months ended June 30, 2018 and June 30, 2017 amounted to $(58,488) and $(11,986), respectively. The following table sets forth the Company’s other income and (expense) analysis for both periods:

 

   June 30, 2018   June 30, 2017   Changes 
Gain / (Loss) on disposals  $-   $32   $(32)
Other income   266    602    (336)
Bank charges   (730)   (994)   264 
Exchange gain / (loss)   (4,085)   6,225    (10,310)
Interest expense   (53,939)   (17,851)   (36,088)
Total other expenses  $(58,488)  $(11,986)  $(46,501)

 

 8 

 

 

Other expenditures increased by $46,501 in the three months ended June 30, 2018, when compared to the three months ended June 30, 2017. The main reason for this increase was the increase in interest cost and reduction in exchange gain.

 

The loss before provision for income taxes for the three months ended June 30, 2018 and June 30, 2017 amounted to $709,782 and $161,872, respectively.

 

The net loss for the three months ended June 30, 2018 and June 30, 2017 amounted to $709,782 and $161,872, respectively.

 

The Company’s comprehensive loss for the three months ended June 30, 2018 and June 30, 2017 amounted to $671,003 $167,834, respectively.

 

Comprehensive Income / (Loss):  June 30, 2018   June 30, 2017 
(Loss) / gain on foreign currency translation  $38,779   $(5,962)
Net loss   (709,782)   (161,872)
Comprehensive loss  $(671,003)  $(167,834)

 

At June 30, 2018 and March 31, 2018, the Company had 65,738,320 and 52,590,654 common shares issued and outstanding, respectively. The weighted average number of shares for the three months ended June 30, 2018 and June 30, 2017 was 56,780,570 and 38,567,467, respectively. The loss per share for both periods was $(0.01) per share and $(0.00) per share, respectively.

 

 9 

 

 

D. Financial condition as at June 30, 2018 and March 31, 2018:

 

Assets:

 

The Company reported total assets of $1,333,443 and $1,843,177 as at June 30, 2018 and March 31, 2018, respectively. 57% of these total assets include intangible assets and 23% of total assets are comprised of accounts receivable of the Company. Our property and equipment include office equipment, computer equipment (Data Processing Equipment), furniture and fittings, web site developments and improvement to leasehold assets having a total net book value of $40,611 and $43,494 as at June 30, 2018 and March 31, 2018, respectively. Furthermore, our current assets as at March 31, 2018 totaled $1,066,744 and as at June 30, 2018, our current assets were $526,341. These current assets amounted to $526,341, comprised of cash of $7,779, accounts receivable of $301,670, prepaid and other current assets of $94,331 and accrued revenue of $122,561.

 

Liabilities:

 

The Company had total liabilities of $4,177,298 and $4,007,509 as at June 30, 2018 and March 31, 2018, respectively. Long term liabilities include balances owed to related parties which are outstanding for more than 12 months. Our current liabilities at March 31, 2018 totaled $2,495,155. We have seen an increase of 7% in current liabilities amounting to $182,032, making total current liabilities of $2,677,187 as at June 30, 2018. These mainly include short term third party debt, payroll liabilities, payable to related parties, deferred revenue, taxes payable, accrued liabilities and our day to day operational creditors.

 

Stockholder’s Deficit:

 

At March 31, 2018, the Company had stockholders’ deficit of $2,164,332. At June 30, 2018, the Company had stockholders’ deficit of $2,843,855, which represents an increase of 31%.

 

The Company had 65,738,320 and 52,590,654 shares issued and outstanding at June 30, 2018 and March 31, respectively.

 

E. Liquidity and capital reserves:

 

The Company had loss from operations of $651,294 and $149,886 for the three months ended June 30, 2018 and 2017, respectively; a total other income (expense) amounting to $(58,488) and $(11,986) for the three months ended June 30, 2018 and 2017, respectively; and a net loss of $709,782 and $161,872 for the three months ended June 30, 2018 and 2017, respectively.

 

In summary, our cash flows for the three months ended June 30, 2018 and June 30, 2017 were as follows:

 

   June 30, 2018   June 30, 2017 
Net cash provided by operating activities  $4,519   $86,244 
Net cash used in investing activities   (68,018)   (65,144)
Net cash provided by financing activities   -    - 

 

Since inception, we have financed our operations primarily through internally generated funds and the use of our lines of credit with several financial institutions. We had $7,779 in cash; net cash provided by operations of $4,519, for the three months ended June 30, 2018; working capital deficit of $2,150,846; and stockholders’ deficit of $2,843,855 as of June 30, 2018.

 

 10 

 

 

F. Milestones for next twelve months (2018-2019):

 

Our specific plan of operations and milestones through March 2019 are as follows:

 

1) Product Development and Launch:
   
  We intend to commercially launch the new cloud based, SaaS products: FaceTone, DigIn, CloudCharge and Smoothflow.
   
2) Expansion:

 

  a) Geographical Expansion
     
    We intend to set up sales and support teams in a few countries in Asia where the subscription markets are growing.
     
  b) Market Expansion
     
    Currently, we have clients in India, Indonesia, and Sri Lanka.
     
    We intend to expand into new markets and regions with enhanced and new products. We hope to enter certain markets by way of appointing partners with the strategic fit to be able to promote the products in those markets in the more cost effective manner to the Company.
     
  c) Knowledge Capital, Learning and Innovation.
     
    Our greatest strength is our human capital. We have the ability to continue to innovate and set trends within the industries in which we operate, due to our ability to innovate and create value in our products.
     
    Our management intends to:

 

  Continue to empower and create value for our human capital;
     
  Encourage disruptive technologies;
     
  Provide greater opportunities for knowledge sharing; and
     
  Sponsor and motivate learning and adoption of new technologies.

 

  d) Infrastructure
     
    We plan to increase our infrastructure in order to:

 

  Facilitate the increase in software development teams supporting R&D and Product Development;
     
  Expand our Global Support Center to cater to the increase in customer base, and increase in our product lines;
     
  Set up a smaller software development center outside of Sri Lanka, which would also be used as a disaster recovery center in the event our development center in Sri Lanka becomes incapacitated due to unforeseen events.

 

 11 

 

 

  e) Financial Performance
     
    We intend to provide value for all our shareholders by:

 

  Increasing profitability and free cash flow;
     
  Efficiently managing the use of capital;
     
  Raising capital and expanding our operations;
     
 

Capitalizing and maximizing on the high growth opportunities in the market;

     
  Providing a robust and steady capital appreciation; and
     
  Providing options to realize gains.

 

  f) Corporate Social Responsibility
     
    Our wholly-owned subsidiary, Duo Software (Pvt.) Ltd., was Asia’s first software development company to be certified Carbon Neutral in 2011.
     
    We intend to be environmentally friendly, and continue with the carbon foot print audit and Carbon Neutral Certification 8.

 

Item 3. Quantitative and Qualitative Disclosures about Market Risk

 

Not applicable.

 

Item 4. Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934) were effective.

 

Changes in internal control over financial reporting

 

There were no changes in our internal control over financial reporting during our last fiscal quarter that materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

 

PART II – OTHER INFORMATION

 

Item 1. Legal Proceedings

 

We are not involved in any legal proceedings.

 

Item 1A. Risk Factors

 

Not applicable.

 

 12 

 

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

None.

 

Item 3. Defaults upon Senior Securities

 

None.

 

Item 4. Mine Safety Disclosures

 

Not applicable.

 

Item 5. Other Information

 

None.

 

Item 6. Exhibits

 

See Exhibit Index below for exhibits required by Item 601 of regulation S-K.

 

EXHIBIT INDEX

 

Exhibit No.   Description

 

List of Exhibits attached or incorporated by reference pursuant to Item 601 of Regulation S-K:

 

Exhibit   Description
31.1 *   Certification under Section 302 of Sarbanes-Oxley Act of 2002
31.2 *   Certification under Section 302 of Sarbanes-Oxley Act of 2002

32.1 *

32.2 *

 

Certification under Section 906 of Sarbanes-Oxley Act of 2002

Certification under Section 906 of Sarbanes-Oxley Act of 2002

 

* Filed herewith.

 

 13 

 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) 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.

 

  DUO WORLD, INC.
   
Date: August 20, 2018 /s/ Muhunthan Canagasooryam
  Muhunthan Canagasooryam
  President and Chief Executive Officer
  (Principal Executive Officer)
   
Date: August 20, 2018 /s/ Suzannah Jennifer Samuel Perera
  Suzannah Jennifer Samuel Perera
  Chief Financial Officer
  (Principal Accounting and Financial Officer)

 

 14 

 

 

EX-31.1 2 ex31-1.htm

 

Exhibit 31.1

 

DUO WORLD, INC.

A Nevada corporation

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

Section 302 Certification

 

I, Muhunthan Canagasooryam, certify that:
   
1. I have reviewed this quarterly report on Form 10-Q of Duo World, Inc. for the quarter ended June 30, 2018.
   
2. Based on my knowledge, this quarterly 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 interim 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. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls 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 my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this annual report is being prepared;
     
  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my 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 my 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;
     
  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 that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. I have disclosed, based on my 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 function):
     
  a) All significant deficiencies in the design of operation of internal controls which would adversely affect the registrant’s ability to record, process, summarize and report financial data and have identified for the registrant’s auditors any material weakness in internal controls; and
     
  b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

 

Date: August 20, 2018 /s/ Muhunthan Canagasooryam
  Muhunthan Canagasooryam
  President and Chief Executive Officer
  (Principal Executive Officer)

 

   
 

 

EX-31.2 3 ex31-2.htm

 

Exhibit 31.2

 

DUO WORLD, INC.

A Nevada corporation

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

Section 302 Certification

 

I, Suzannah Jennifer Samuel Perera, certify that:
   
1. I have reviewed this quarterly report on Form 10-Q of Duo World, Inc. for the quarter ended June 30, 2018.
   
2. Based on my knowledge, this quarterly 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 interim 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. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls 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 my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this annual report is being prepared;
     
  b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my 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 my 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;
     
  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 that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. I have disclosed, based on my 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 function):
     
  a. All significant deficiencies in the design of operation of internal controls which would adversely affect the registrant’s ability to record, process, summarize and report financial data and have identified for the registrant’s auditors any material weakness in internal controls; and
     
  b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting

 

Date: August 20, 2018 /s/ Suzannah Jennifer Samuel Perera
  Suzannah Jennifer Samuel Perera
  Chief Financial Officer
  (Principal Accounting and Financial Officer)

 

   
 

 

EX-32.1 4 ex32-1.htm

 

Exhibit 32.1

 

DUO WORLD, INC.

A Nevada corporation

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Duo World, Inc. (“Company”) on Form 10-Q for the quarter ended June 30, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Muhunthan Canagasooryam, President and Chief Executive Officer, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

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

 

A signed original of this written statement required by Section 906, or other document authentication, acknowledging, or otherwise adopting the signature that appears in typed from within the electronic version of this written statement required by Section 906, has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

 

Date: August 20, 2018 /s/ Muhunthan Canagasooryam
  Muhunthan Canagasooryam
  President and Chief Executive Officer
  (Principal Executive Officer)

 

   
 

 

EX-32.2 5 ex32-2.htm

 

Exhibit 32.2

 

DUO WORLD, INC.

A Nevada corporation

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Duo World, Inc. (“Company”) on Form 10-Q for the quarter ended June 30, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Suzannah Jennifer Samuel Perera, Chief Financial Officer, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

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

 

A signed original of this written statement required by Section 906, or other document authentication, acknowledging, or otherwise adopting the signature that appears in typed from within the electronic version of this written statement required by Section 906, has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

 

Date: August 20, 2018 /s/ Suzannah Jennifer Samuel Perera
  Suzannah Jennifer Samuel Perera
  Chief Financial Officer
  (Principal Accounting and Financial Officer)

 

   
 

 

EX-101.INS 6 duuo-20180630.xml XBRL INSTANCE FILE 0001635136 2018-04-01 2018-06-30 0001635136 2017-03-31 0001635136 DUUO:TradeReceivablesOutstandingMember DUUO:OverTwentyFourMonthsMember 2018-04-01 2018-06-30 0001635136 DUUO:TradeReceivablesOutstandingMember DUUO:OverEighteenMonthsMember 2018-04-01 2018-06-30 0001635136 DUUO:TradeReceivablesOutstandingMember DUUO:OverFifteenMonthsMember 2018-04-01 2018-06-30 0001635136 DUUO:TradeReceivablesOutstandingMember DUUO:OverTwelveMonthsMember 2018-04-01 2018-06-30 0001635136 DUUO:TradeReceivablesOutstandingMember DUUO:OverNineMonthsMember 2018-04-01 2018-06-30 0001635136 us-gaap:FurnitureAndFixturesMember 2018-04-01 2018-06-30 0001635136 us-gaap:LeaseholdImprovementsMember 2018-04-01 2018-06-30 0001635136 us-gaap:OfficeEquipmentMember 2018-04-01 2018-06-30 0001635136 us-gaap:ComputerEquipmentMember 2018-04-01 2018-06-30 0001635136 DUUO:WebsiteDevelopmentMember 2018-04-01 2018-06-30 0001635136 DUUO:MegamediaMember us-gaap:AccountsReceivableMember 2018-04-01 2018-06-30 0001635136 DUUO:DENNetworksMember us-gaap:AccountsReceivableMember 2018-04-01 2018-06-30 0001635136 DUUO:TopasMember us-gaap:AccountsReceivableMember 2018-04-01 2018-06-30 0001635136 us-gaap:AccountsReceivableMember 2018-04-01 2018-06-30 0001635136 us-gaap:OfficeEquipmentMember 2018-03-31 0001635136 us-gaap:FurnitureAndFixturesMember 2018-03-31 0001635136 us-gaap:ComputerEquipmentMember 2018-03-31 0001635136 us-gaap:LeaseholdImprovementsMember 2018-03-31 0001635136 us-gaap:SoftwareDevelopmentMember 2018-03-31 0001635136 DUUO:PANAsiaBankShortTermOverdraftMember 2018-06-30 0001635136 DUUO:CommercialBankMember 2018-06-30 0001635136 DUUO:StampDutyPayableMember 2018-06-30 0001635136 DUUO:PAYEMember 2018-06-30 0001635136 DUUO:TaxPayableMember 2018-06-30 0001635136 2011-09-22 2011-09-23 0001635136 2011-09-23 0001635136 2013-05-15 0001635136 2013-05-14 2013-05-15 0001635136 2014-07-31 0001635136 2014-07-30 2014-07-31 0001635136 2015-08-10 0001635136 us-gaap:SalesRevenueNetMember DUUO:DENNetworksMember 2018-04-01 2018-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:DevelopmentServicesMember 2018-04-01 2018-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:OtherMiscCustomersMember 2018-04-01 2018-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:DENNetworksMember 2017-04-01 2017-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:DevelopmentServicesMember 2017-04-01 2017-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:OtherMiscCustomersMember 2017-04-01 2017-06-30 0001635136 us-gaap:SalesRevenueNetMember 2018-04-01 2018-06-30 0001635136 us-gaap:SalesRevenueNetMember 2017-04-01 2017-06-30 0001635136 DUUO:MegamediaMember us-gaap:AccountsReceivableMember 2017-04-01 2018-03-31 0001635136 DUUO:DENNetworksMember us-gaap:AccountsReceivableMember 2017-04-01 2018-03-31 0001635136 DUUO:TopasMember us-gaap:AccountsReceivableMember 2017-04-01 2018-03-31 0001635136 DUUO:MeghbelaMember us-gaap:AccountsReceivableMember 2017-04-01 2018-03-31 0001635136 DUUO:BankOfCeylonMember us-gaap:AccountsReceivableMember 2018-04-01 2018-06-30 0001635136 DUUO:BankOfCeylonMember us-gaap:AccountsReceivableMember 2017-04-01 2018-03-31 0001635136 DUUO:OtherReceivablesMember us-gaap:AccountsReceivableMember 2017-04-01 2018-03-31 0001635136 us-gaap:AccountsReceivableMember 2017-04-01 2018-03-31 0001635136 2015-08-08 2015-08-10 0001635136 us-gaap:SalesRevenueNetMember DUUO:LOLCMember 2018-04-01 2018-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:LOLCMember 2017-04-01 2017-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:MediatamaMember 2018-04-01 2018-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:MediatamaMember 2017-04-01 2017-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:BankOfCeylonMember 2017-04-01 2017-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:BankOfCeylonMember 2018-04-01 2018-06-30 0001635136 DUUO:CommercialBankMember us-gaap:AccountsReceivableMember 2017-04-01 2018-03-31 0001635136 DUUO:CommercialBankMember us-gaap:AccountsReceivableMember 2018-04-01 2018-06-30 0001635136 2017-06-30 0001635136 2018-03-31 0001635136 DUUO:DuoSoftwarePvtLimitedAndDuoSoftwarePteLimitedMember 2018-06-30 0001635136 DUUO:DuoSoftwareIndiaPrivateLimitedMember 2018-06-30 0001635136 DUUO:LOLCMember us-gaap:AccountsReceivableMember 2017-04-01 2018-03-31 0001635136 DUUO:DevelopmentServicesMember us-gaap:AccountsReceivableMember 2017-04-01 2018-03-31 0001635136 DUUO:DevelopmentServicesMember us-gaap:AccountsReceivableMember 2018-04-01 2018-06-30 0001635136 2017-04-01 2017-06-30 0001635136 us-gaap:OfficeEquipmentMember 2018-06-30 0001635136 us-gaap:FurnitureAndFixturesMember 2018-06-30 0001635136 us-gaap:ComputerEquipmentMember 2018-06-30 0001635136 us-gaap:LeaseholdImprovementsMember 2018-06-30 0001635136 us-gaap:SoftwareDevelopmentMember 2018-06-30 0001635136 DUUO:CommercialBankMember 2018-03-31 0001635136 DUUO:SenkadagalaFinanceMember 2018-03-31 0001635136 DUUO:SenkadagalaFinanceMember 2018-06-30 0001635136 DUUO:PAYEMember 2018-03-31 0001635136 DUUO:StampDutyPayableMember 2018-03-31 0001635136 DUUO:TaxPayableMember 2018-03-31 0001635136 2018-08-20 0001635136 us-gaap:SalesRevenueNetMember DUUO:CommercialBankMember 2018-04-01 2018-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:CommercialBankMember 2017-04-01 2017-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:SriLankaTelecomMember 2018-04-01 2018-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:SriLankaTelecomMember 2017-04-01 2017-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:TopasTVMember 2018-04-01 2018-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:TopasTVMember 2017-04-01 2017-06-30 0001635136 DUUO:DuoSubscriberMember 2018-04-01 2018-06-30 0001635136 DUUO:DuoSubscriberMember 2017-04-01 2017-06-30 0001635136 DUUO:SoftwareHostingAndResellingMember 2018-04-01 2018-06-30 0001635136 DUUO:SoftwareHostingAndResellingMember 2017-04-01 2017-06-30 0001635136 DUUO:FaceToneMember 2018-04-01 2018-06-30 0001635136 DUUO:FaceToneMember 2017-04-01 2017-06-30 0001635136 DUUO:DevelopmentServicesMember 2018-04-01 2018-06-30 0001635136 DUUO:DevelopmentServicesMember 2017-04-01 2017-06-30 0001635136 DUUO:DuoSoftwarePvtLimitedDSSLMember us-gaap:CommonStockMember 2014-12-01 2014-12-03 0001635136 DUUO:DuoSoftwarePvtLimitedDSSLMember us-gaap:SeriesAPreferredStockMember 2014-12-01 2014-12-03 0001635136 DUUO:DuoSoftwarePvtLimitedDSSLMember 2014-12-01 2014-12-03 0001635136 DUUO:DuoSoftwarePvtLimitedDSSLMember 2014-12-03 0001635136 DUUO:DuoSoftwarePteLimitedDSSMember us-gaap:CommonStockMember 2014-12-01 2014-12-03 0001635136 DUUO:DuoSoftwarePteLimitedDSSMember 2014-12-03 0001635136 DUUO:DuoSoftwarePvtLimitedDSSLAndDuoSoftwarePteLimitedDSSMember 2014-12-03 0001635136 DUUO:PanAsiaBankingCorporationPLCMember DUUO:InterestRateOfFifteenPointTwentyFivePercentagePerAnnumMember srt:MaximumMember 2018-06-30 0001635136 DUUO:PanAsiaBankingCorporationPLCMember DUUO:InterestRateOfFifteenPointEightySixPercentagePerAnnumMember srt:MaximumMember 2018-06-30 0001635136 DUUO:PANAsiaBankShortTermOverdraftMember 2018-03-31 0001635136 DUUO:PANAsiaBankLoanMember 2018-03-31 0001635136 DUUO:PANAsiaBankLoanMember 2018-06-30 0001635136 DUUO:SriLankaOfficeMember DUUO:HappyBuildingManagementMember 2018-04-01 2018-06-30 0001635136 DUUO:SriLankaOfficeMember DUUO:HappyBuildingManagementMember 2018-06-30 0001635136 DUUO:AprilOneTwoThousandEighteenMember DUUO:IndianOfficeMember DUUO:RegusOfficeCenterServicesPvtLimitedMember 2018-04-01 2018-06-30 0001635136 DUUO:AprilOneTwoThousandEighteenMember DUUO:IndianOfficeMember DUUO:RegusOfficeCenterServicesPvtLimitedMember 2018-06-30 0001635136 2018-01-24 2018-01-25 0001635136 2018-01-25 0001635136 2018-06-30 0001635136 2017-04-01 2018-03-31 0001635136 DUUO:SixThirtyTwoThousandAndSeventeenMember DUUO:StocKIssuedAsADividendPaymentMember 2018-04-01 2018-06-30 0001635136 2018-05-22 2018-05-23 0001635136 2018-05-23 0001635136 us-gaap:SalesRevenueNetMember DUUO:MeghbelaMember 2017-04-01 2017-06-30 0001635136 us-gaap:SalesRevenueNetMember DUUO:MeghbelaMember 2018-04-01 2018-06-30 0001635136 DUUO:LOLCMember us-gaap:AccountsReceivableMember 2018-04-01 2018-06-30 0001635136 DUUO:MeghbelaMember us-gaap:AccountsReceivableMember 2018-04-01 2018-06-30 0001635136 DUUO:OtherReceivablesMember us-gaap:AccountsReceivableMember 2018-04-01 2018-06-30 0001635136 us-gaap:SubsequentEventMember us-gaap:SeriesAPreferredStockMember 2018-07-27 0001635136 DUUO:LOLCMember 2018-04-01 2018-06-30 0001635136 DUUO:LOLCMember 2018-06-30 0001635136 us-gaap:SubsequentEventMember us-gaap:SeriesAPreferredStockMember 2018-07-26 2018-07-27 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure DUO WORLD INC 0001635136 10-Q false --03-31 Smaller Reporting Company Q1 25084 45432 25798 7779 523000 94331 43494 40611 580899 732939 732939 766491 367620 391422 458717 557392 441623 62202 690139 53571 33323 24822 440609 162636 134914 663561 524955 563219 185762 185762 29 127295 4774 126716 117805 34 8877 132098 131550 156206 14073 2495155 2677187 1348193 1344464 1512354 1500111 4007509 4177298 5767533 11539358 112761 69981 108760 -2164332 -2843855 1843177 1333443 87383 124062 38779 -5962 -42780 1.00 1.00 P15Y P5Y P5Y P3Y P4Y Straight-line method 0.3947 0.0581 0.1773 1.0000 0.5133 0.0000 0.0341 0.5188 0.0726 0.0687 1.00 1.00 0.5637 0.0186 0.1483 0.0205 0.0524 0.0461 0.0739 1.0000 0.2617 0.0000 0.0837 0.0158 0.0849 0.0107 0.0785 0.0895 0.0000 0.0504 0.0552 0.0104 0.1221 0.0229 0.0129 0.0258 0.0752 0.0290 0.0374 0.0775 0.0388 0.0563 <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Guarantees provided by the company existed on the balance sheet date are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Date</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Description</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Amount</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 18%; text-align: center"><font style="font-size: 10pt">9/23/2011</font></td> <td style="width: 1%">&#160;</td> <td style="width: 58%"><font style="font-size: 10pt">Performance Bond for BOC Tender</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 20%; text-align: right"><font style="font-size: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;9,587</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: center"><font style="font-size: 10pt">5/15/2013</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">Guarantee for Lanka Clear</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,014</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: center"><font style="font-size: 10pt">7/31/2014</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">Guarantee for SLT</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">543</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: center"><font style="font-size: 10pt">8/10/2015</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">Guarantee for LOLC</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,532</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: center"><font style="font-size: 10pt">1/25/2018</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">Security deposit- Senkadagala Finance</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">47,871</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: center"><font style="font-size: 10pt">5/23/2018</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Rent deposit for Delhi apartment</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">1,480</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: center">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">63,027</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 52591 65738 52590654 5000000 10000 65738320 52590654 5000000 10000 65738320 <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following is a summary of accounts receivable as at June 30, 2018 and March 31, 2018;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Accounts receivable &#8211; Trade</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">606,818</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">576,775</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Less: Provision for doubtful debts</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(305,148</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(207,543</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>301,670</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>369,232</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following is a summary of prepaid expenses and other current assets as at June 30, 2018 and March 31, 2018;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Security deposits</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">67,441</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">67,348</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">ESC receivable</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">9,378</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5,688</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">OTCQB Annual Fee</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">9,000</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Prepayments</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">490</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,370</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Supplier advance</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">134</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">136</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Prepayment for other professional services</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">438,598</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Insurance prepayment</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,160</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Other receivables</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">7,888</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">8,700</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>94,331</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>523,000</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><br style="clear: both" /></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following table illustrates net book value of property and equipment as at June 30, 2018 and March 31, 2018;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Office equipment</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">2,015</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">2,054</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Furniture &#38; fittings</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">136,136</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">138,752</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Computer equipment (Data Processing Equipment)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">119,595</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">122,443</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Improvements to lease hold assets</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">20,821</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">21,221</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Website Development</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">14,427</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">14,678</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">292,994</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">299,148</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Accumulated depreciation and amortization</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(252,383</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)&#160;</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(255,654</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt"><b>Net fixed assets</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>40,611</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>43,494</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following table illustrates the movement in intangible assets as at June 30, 2018 and March 31, 2018:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Opening Balance</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">732,939</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">580,899</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Add: Costs capitalized during the year</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">67,102</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">277,812</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Less: Amount Written-off</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(19,536</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(113,363</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Translational gain</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(14,014</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(12,409</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt"><b>Net Intangible Assets</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>766,491</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>732,939</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><br style="clear: both" /></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following is a summary of short-term borrowings as at June 30, 2018 and March 31, 2018;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">PAN Asia Bank &#8211; Short term overdraft</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">441,623</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">440,609</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">PAN Asia Bank &#8211; Loan</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">134,914</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">162,636</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Commercial bank</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">62,202</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">53,571</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Senkadagala Finance</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">24,822</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">33,323</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>663,561</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>690,139</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The taxes payable is comprised of items listed below as at June 30, 2018 and March 31, 2018;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">PAYE</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">127,295</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">117,805</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Stamp Duty Payable</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">29</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">34</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Tax payable</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">4,774</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">8,877</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>132,098</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>126,716</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><br style="clear: both" /></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following is a summary of accruals and other payables as at June 30, 2018 and March 31, 2018;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Audit fee payable</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">17,005</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">22,260</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Accruals</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">17,215</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">29,128</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Other payables</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">117,224</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">78,745</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Accrued interest</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">4,762</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">1,417</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>156,206</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>131,550</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following is the summary of cost of revenue for the three months ending June 30, 2018 and 2017;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2017</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Purchases</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">9,613</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">11,252</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Implementation cost</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">9,986</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">9,202</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Product development cost written off</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">19,536</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">27,384</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Consultancy, contract basis employee cost</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">6,825</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Support services</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">20,519</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">17,206</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Other external Services</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">25</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,250</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Cost of development services</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">2,141</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">11,631</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>61,820</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>86,750</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following is the summary of general and administrative expenses for the three months ending June 30, 2018 and 2017;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2017</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Directors remuneration</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">37,067</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">38,123</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">EPF</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8,902</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">11,078</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">ETF</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,226</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,769</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Vehicle allowance</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">9,196</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">9,457</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Office rent</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">14,256</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">18,701</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Electricity charges</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,201</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,796</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Office maintenance</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,032</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,987</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Telephone charges</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,347</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,573</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Audit fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,643</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,178</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Staff welfare</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,955</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,907</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Computer maintenance</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,446</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,726</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Professional fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,290</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5,010</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Legal Fee</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">4,500</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,500</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Internet charges</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,989</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,309</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Irrecoverable tax</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8,678</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">10,087</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Software Rentals</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">4,469</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7,526</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Other professional services</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,373</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,244</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">OTC market Fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,000</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Transfer agent fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,175</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">450</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Gratuity</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,640</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Printing and stationery</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">154</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">266</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Office expenses</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">358</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">551</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Courier and postage</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">238</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">84</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Security charges</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">500</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,005</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Insurance expense</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">525</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Travelling expense</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">560</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">776</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Secretarial fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">169</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">186</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Consulting Fee</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8,550</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Penalties / Late payment charges</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">814</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Filling fee and subscription</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">395</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,860</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Stamp duty expenses</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">6</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">493</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Other expenses</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">173</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">1,212</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>119,112</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>148,569</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><br style="clear: both" /></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended June 30, 2018, the Company issued following common shares:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Date</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Type</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>No. of Shares</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Valuation</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 22%; padding-bottom: 1.5pt; text-align: center"><font style="font-size: 10pt">06/30/2017</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="width: 33%; padding-bottom: 1.5pt"><font style="font-size: 10pt">Stock issued as a Dividend payment</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="width: 19%; padding-bottom: 1.5pt; text-align: right"><font style="font-size: 10pt">13,147,666</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="width: 19%; border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">5,784,973</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: right">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: right">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">5,784,973</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 1.00 0.50 0.25 0.10 0.05 Lease term 2019 <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b><u>Note 1 - Organization and Nature of Operations</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Duo World Inc. (hereinafter referred to as &#8220;Successor&#8221; or &#8220;Duo&#8221;) a reporting company since September 26, 2016, was organized under the laws of the state of Nevada on September 19, 2014. Duo Software (Pvt.) Limited (hereinafter referred to as &#8220;DSSL&#8221; or &#8220;Predecessor&#8221;), a Sri Lanka based company, was incorporated on September 22, 2004, in the Democratic Socialist Republic of Sri Lanka, as a limited liability company. Duo Software (Pte.) Limited (hereinafter referred to as &#8220;DSS&#8221; or &#8220;Predecessor&#8221;), a Singapore based company, was incorporated on June 5, 2007 in the Republic of Singapore as a limited liability company. DSS also includes its wholly-owned subsidiary, Duo Software India (Private) Limited (India), which was incorporated on August 30, 2007, under the laws of India.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 3, 2014, Duo Software (Pvt.) Limited (DSSL) and Duo Software Pte. Limited (DSS) executed a reverse recapitalization with Duo World Inc. (Duo). <i>See Note 4</i>. Duo (Successor) is a holding company that conducts operations through its wholly owned subsidiaries, DSSL and DSS (Predecessors), in Sri Lanka, Singapore and India. The consolidated entity is referred to as the &#8220;Company.&#8221; The Company, having its development center in Colombo, has been in the space of developing products and services for the subscription-based industry. The Company&#8217;s applications (&#8220;Duo Subscribe,&#8221; &#8220;Duo Contact,&#8221; &#8220;Digin,&#8221; &#8220;Facetone,&#8221; &#8220;CloudCharge&#8221; and &#8220;SmoothFlow&#8221;) provide solutions in the space of Data Analytics, Customer Life Cycle Management, Subscriber Billing and Work Flow.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 2 - Basis of Presentation</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has prepared the accompanying consolidated financial statements and accompanying notes in accordance with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;). All amounts in the consolidated financial statements are stated in U.S. dollars.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We have recast certain prior period amounts to conform to the current period presentation, with no impact on consolidated net income or cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Going Concern</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying 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 consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As reflected in the accompanying consolidated financial statements, the Company had a net loss of $708,549 and $161,872 for the three months ended June 30, 2018 and 2017, respectively; net cash provided by operations of $4,507 and $86,244 for the three months ended June 30, 2018 and 2017, respectively; working capital deficit of $2,150,846 and $1,428,411 as of June 30, 2018 and March 31, 2018, respectively; outstanding statutory dues towards employee provident fund and employee trust fund of $410,089 and $388,630 as of June 30, 2018 and March 31, 2018, respectively; and a stockholders&#8217; deficit of $2,842,610 and $2,164,332 as of June 30, 2018 and March 31, 2018, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Operating losses during the three months ended June 30, 2018 were mainly due to a one-time expenditure incurred for general financial advisory and investment banking services, on account of the agreement signed with Maxim Group LLC on July 3, 2017.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Furthermore, the Company has entered into contracts with the clients for the products launched during the fiscal year 2017-18 and our management is confident that these projects shall generate sufficient revenues to offset the operating losses in the recent future.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 3 - Summary of Significant Accounting Policies</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Basis of Consolidation</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated Financial Statements include the accounts and transactions of DSSL and DSS (Predecessors) and Duo (Successor). Duo World, Inc. is the parent company of its 100% subsidiaries, Duo Software (Pvt.) Limited (DSSL) and Duo Software Pte. Limited (DSS). Duo Software Pte. Limited is the parent company of its 100% subsidiary, Duo Software India (Private) Limited (India). All significant inter-company accounts and transactions have been eliminated in consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Use of Estimates and Assumptions </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect 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. Making estimates and assumptions requires management to exercise significant judgment. It is least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future non-confirming events. Accordingly, the actual results could differ from those estimates and assumptions. The most significant estimates relate to the timing and amounts of revenue recognition, the recognition and disclosure of contingent liabilities and the collectability of accounts receivable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Risks and Uncertainties</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s operations are subject to significant risk and uncertainties including financial, operational, competition and potential risk of business failure. Product revenues are concentrated in the application software industry, which is highly competitive and rapidly changing. Significant technological changes in the industry or customer requirements, or the emergence of competitive products with new capabilities or technologies could adversely affect operating results.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Concentrations of Credit Risk</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains cash and cash equivalents with various high quality financial institutions and we monitor the credit ratings of those institutions. The Company&#8217;s sales are primarily to the companies located in Sri Lanka, Singapore, Indonesia and India. The Company performs ongoing credit evaluations of our customers, and the risk with respect to trade receivables is further mitigated by the diversity, both by geography and by industry, of the customer base. Accounts receivable are due principally from the companies under stated contract terms.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Provisions</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A provision is recognized when the Company has present obligations because of past events. It is probable that an outflow of resources embodying economic benefits will be required to settle the obligations and reliable estimates can be made of amount of the obligation. Provisions are not discounted at their present value and are determined based on the best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Accounts Receivable and Provision for Doubtful Accounts</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes accounts receivable in connection with the products sold and services provided and has strong policies and procedures for the collection of receivables from its clients. However, there are inevitably occasions when the receivables due to the Company cannot be collected and, therefore, have to be written off as bad debts. While the debt collection process is being pursued, an assessment is made of the likelihood of the receivable being collectable. A provision is, therefore, made against the outstanding receivable to reflect that component that may not become collectable. The Company is in the practice of provisioning for doubtful debts based on the period outstanding as per the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Trade receivables outstanding:</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Provision</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 70%; padding-left: 10pt"><font style="font-size: 10pt">Over 24 months</font></td> <td style="width: 3%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 25%; text-align: right"><font style="font-size: 10pt">100</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Over 18 months</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">50</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Over 15 months</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">25</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Over 12 months</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">10</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Over 9 months</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5</font></td> <td><font style="font-size: 10pt">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b><i>Cash Equivalents</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. As of June 30, 2018 and March 31, 2018, there were no cash equivalents.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Foreign Currency Translation</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The functional currencies of the Company&#8217;s foreign subsidiaries are their local currencies. For financial reporting purposes, these currencies have been translated into United States Dollars ($) and/or USD as the reporting currency. All assets and liabilities denominated in foreign functional currencies are translated into U.S. dollars at the closing exchange rate on the balance sheet date and equity balances are translated at historical rates. Revenues, costs and expenses in foreign functional currencies are translated at the average rate of exchange during the period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of shareholders&#8217; deficit as &#8220;accumulated other comprehensive income (loss).&#8221; Gains and losses resulting from foreign currency transactions are included in the statement of operations and comprehensive income /(loss) as other income (expense).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Property and Equipment</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fixed assets (including leasehold improvements) are stated at cost, net of accumulated depreciation and amortization. Depreciation is computed utilizing the straight-line method over the estimated useful lives of the related assets. The estimated salvage value is considered as NIL. Amortization of leasehold improvements is computed utilizing the straight-line method over the estimated benefit period of the related assets, which may not exceed 15 years, or the lease term, if shorter. Repairs and maintenance expenditures, which are not considered improvements and do not extend the useful life of the property and equipment, are expensed as incurred. In case of sale or disposal of an asset, the cost and related accumulated depreciation are removed from the consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Useful lives of the fixed assets are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%"><font style="font-size: 10pt">Furniture &#38; Fittings</font></td> <td style="width: 1%">&#160;</td> <td style="width: 20%; text-align: center"><font style="font-size: 10pt">5 years</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Improvements to lease hold assets</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">Lease term</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Office equipment</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">5 years</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Computer equipment (Data Processing Equipment)</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">3 years</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Website development</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">4 years</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b><i>Impairment of Long-Lived Assets</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reviews long-lived assets, such as property, plant, and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of by sale would be separately presented in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of a group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;<b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Fair Value Measurements and Fair Value of Financial Instruments</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The estimated fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost bases, which approximates their fair values because of the short-term nature of these instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Post Retirement Benefit Plan</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has gratuity as it post-employment plan for all the eligible employees. The recognition for the gratuity plan is as below:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The expected post-retirement benefit obligation (&#8220;EPBO&#8221;) is the actuarial present value (&#8220;APV&#8221;) as of a specific date of the benefits expected to be paid to the employee, beneficiaries, and covered dependents.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Measurement of the EPBO is based on the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1. Expected amount and timing of future benefits</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">2. Expected future costs</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">3. Extent of cost sharing</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The EPBO includes an assumed salary progression for a pay-related plan. Future compensation levels represent the best estimate after considering the individual employees involved, general price levels, seniority, productivity, promotions, indirect effects, and the like.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accumulated post-retirement benefit obligation (&#8220;APBO&#8221;) is the APV as of a specific date of all future benefits attributable to service by an employee to that date. It represents the portion of the EPBO earned to date. After full eligibility is attained, the APBO equals the EPBO. The APBO also includes an assumed salary progression for a pay-related plan.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Revenue Recognition, Deferred &#38; Accrued Revenue</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes revenue from the sale of software licenses and related services. The Company&#8217;s revenue recognition policy follows guidance from Accounting Standards Codification(&#8220;ASC&#8221;) 606, Revenue from contracts with customers. Revenue is recognized when the Company transfers promised goods and services to the customer and in the amount that reflects the consideration to which the Company expected to be entitled in exchange for those goods and services.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following five steps are applied in recognizing revenue from contracts:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px">&#160;</td> <td style="width: 24px"><font style="font-size: 10pt">&#9679;</font></td> <td style="text-align: justify"><font style="font-size: 10pt">Identify the contract, or contract with the customer;</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td><font style="font-size: 10pt">&#9679;</font></td> <td style="text-align: justify"><font style="font-size: 10pt">Identify the performance obligation of the contract;</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td><font style="font-size: 10pt">&#9679;</font></td> <td style="text-align: justify"><font style="font-size: 10pt">Determine the transaction price;</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td><font style="font-size: 10pt">&#9679;</font></td> <td style="text-align: justify"><font style="font-size: 10pt">Allocate the transaction price to the performance obligations in the contract; and</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td><font style="font-size: 10pt">&#9679;</font></td> <td style="text-align: justify"><font style="font-size: 10pt">Recognize revenue when or as the Company satisfies a performance obligation.</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company typically licenses its products on a per server, per user basis with the price per customer varying based on the selection of the products licensed, the number of site installations and the number of authorized users. Currently, Duo is offering two products from which it generates its revenue they are &#8220;Duo Subscribe&#8221; and &#8220;Facetone.&#8221; Duo sells its software license along with software implementation and annual maintenance services under an agreement with various clients. The Company raises invoice on key milestone basis, as defined in the agreement and recognizes revenue after satisfying the performance obligations. Revenues from consulting and training services are typically recognized as the services are performed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company offers annual maintenance programs on its licenses that provide for technical support and updates to the Company&#8217;s software products. Initial Annual Maintenance fees are bundled with license fees in the initial licensing period and recognized when the performance obligation of license fee is met. However, subsequent renewals of annual maintenance are charged separately for renewals. Fair value for maintenance is based upon either renewal rates stated in the contracts or separate sales of renewals to customers. Revenue is recognized ratably, or daily, over the term of the maintenance period, which is typically one year.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three months ended June 30, 2018 and 2017, the Company received only cash as consideration for sale of licenses and related services rendered.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three months ended June 30, 2018 and 2017, the Company had the following concentrations of revenues with customers:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Customer</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2017</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%"><font style="font-size: 10pt">DEN Networks</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">51.33</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">51.88</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">LOLC</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">26.17</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.00</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Mediatama</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8.37</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.58</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Meghbela</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3.74</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2.90</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Topas TV</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2.58</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.52</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Sri Lanka Telecom</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2.29</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.29</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Commercial Bank</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.04</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">12.21</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Bank of Ceylon</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.07</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8.49</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Development services</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.00</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.26</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Other misc. customers</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">3.41</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">%</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">6.87</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>100.00</b></font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt"><b>%</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>100.00</b></font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt"><b>%</b></font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the years ended June 30, 2018 and 2017, the Company had the following sales by products:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Product</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2017</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%"><font style="font-size: 10pt">Duo Subscriber</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">82,480</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">138,342</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Facetone</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">60,648</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">54,445</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Software hosting and reselling</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">6,075</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,719</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Development Services</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">15,306</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>149,203</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>210,812</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Significant Judgments</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s contract with customers includes multiple software products and services to deliver and in most of the contracts, the price of the separately identifiable features are stated separately. In the event the price of the multiple product and services are not mentioned in the agreement, the Company allocates transaction price estimating the standalone selling price of the promised products and the services. The determination of standalone selling price for each performance obligation requires judgments. The Company determines standalone selling price for performance obligations based on overall pricing strategies, which consider the market in which the Company operates, historical data analysis, number of users of the product or services, size of the customer and the market price of the hardware used.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Contract Balances</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">When the timing of revenue recognition differs from the timing of invoicing for contracts with customers deferred revenue and accrued revenue/ unbilled accounts receivables recognized by the Company. Revenue under Software Implementation contracts are invoiced on stages of completion as stipulated in the agreement and the revenue recognized when the performance obligations are met and the customer signs the user acceptance test (UAT). The Company invoices software license fees and royalty fees at the end of the period according to the customer agreement and accrued revenue/unbilled revenue recognized for the relevant period. The maintenance fee is invoiced beginning of the period and the Company recognizes as deferred revenue in the financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognized $46,324 in revenue as at June 30, 2018 from the contract with LOLC as the performance obligations are completed in this year, and has a contract balance of $133,061 from the same customer as at June 30, 2018. The Company is waiting for the customer confirmation to deliver the balance of product and services.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Refer to Note- 5 for &#8220;Accounts receivables and Provision for doubtful debts&#8221;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Segment Information </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has determined that its Chief Executive Officer is its Chief Operating Decision Maker. The Company&#8217;s Chief Executive Officer reviews financial information presented on a consolidated basis for the purposes of assessing the performance and making decisions on how to allocate resources. Accordingly, the Company has determined that it operates in a single reportable segment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Deferred Revenue - </i></b>Deferred revenue represents advance payments for software licenses, services, and maintenance billed in advance of the time revenue is recognized. As at March 31, 2018, there were no deferred revenue recognized and as at June 30, 2018, deferred revenue recognized was $14,074.</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 100%">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Accrued Revenue/Unbilled Accounts Receivable - </i></b>Accrued revenue/Unbilled accounts receivable primarily occur due to the timing of the respective billings, which occur subsequent to the end of each reporting period. As at June 30, 2018 and March 31, 2018 unbilled/accrued revenues were $122,561 and $148,714, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company had no contract liabilities and asset recognized for cost to fulfill a requirement of a customer as at June 30, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Cost of Revenue</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of Revenue mainly includes purchases, product implementation costs, amortization of product development, developer support and implementation, and consultancy fees related to the products offered by Duo. The aggregate cost related to the software implementations, including support and consulting services pertaining to the revenue recognized during the reporting period, is recognized as Cost of Revenue.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Product research and development</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Product research and development expenses consist primarily of salary and benefits for the Company&#8217;s development and technical support staff, contractors&#8217; fees and other costs associated with the enhancements of existing products and services and development of new products and services. Costs incurred for software development prior to technological feasibility are expensed as product research and development costs in the period incurred. Once the point of technological feasibility is reached, which is generally upon the completion of a working prototype that has no critical bugs and is a release candidate, development costs are capitalized until the product is ready for general release and are classified within &#8220;Intangibles assets&#8221; in the accompanying consolidated balance sheets. The Company amortizes capitalized software development costs using the greater of the ratio of the products&#8217; current gross revenues to the total of current gross revenues and expected gross revenues or on a straight-line basis over the estimated economic life of the related product, which is typically four years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended June 30, 2018 and 2017, product research and development cost of $67,102 and $$65,426, respectively, were capitalized as &#8220;Intangible assets.&#8221;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Advertising Costs</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company expenses advertising costs as incurred. No advertising expenses were incurred during the three months ended June 30, 2018 and 2017.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Income Taxes</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Comprehensive Income</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Comprehensive Income Topic of the FASB Accounting Standards Codification establishes standards for reporting and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income from April 1, 2015 through March 31, 2018, includes only foreign currency translation gains (losses), and is presented in the Company&#8217;s consolidated statements of comprehensive income.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Changes in Accumulated Other Comprehensive Income (Loss) by Component during the periods ending on June 30, 2018 and March 31, 2018, were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Foreign Currency Translation gains (losses)</b></font></td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%"><font style="font-size: 10pt"><b>Balance, March 31, 2017</b></font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt"><b>$</b></font></td> <td style="width: 21%; text-align: right"><font style="font-size: 10pt"><b>112,761</b></font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Translation rate gain (loss)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(42,780</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt"><b>Balance, March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>69,981</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Translation rate gain (loss)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">38,779</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt"><b>Balance, June 30, 2018</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>108,760</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Recent Accounting Pronouncements</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers: Topic 606 and issued subsequent amendments to the initial guidance in August 2015, March 2016, April 2016, May 2016, September 2017 and November 2017 within ASU 2015-04, ASU 2016-08, ASU 2016-10 and ASU 2016-12, ASU 2017-13 and ASU 2017-14, respectively (collectively, Topic 606). Topic 606 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers and will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. Topic 606 defines a five-step process to achieve this core principle and, in doing so, more judgment and estimates will be required within the revenue recognition process than are required under current GAAP (Accounting Standards Codification 605). Topic 606 is effective for the Company&#8217;s annual and interim reporting periods beginning January 1, 2018 (&#8220;effective date&#8221;).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The Company adopted the new standard effective January 1, 2018 using the modified retrospective method.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has adopted implementation of ASC 606 with effect from April 1, 2018 as a result of it $0.21 million impact which was provided as at March 31, 2018 has been reversed.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 5 &#8211; Accounts Receivable</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following is a summary of accounts receivable as at June 30, 2018 and March 31, 2018;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Accounts receivable &#8211; Trade</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">606,818</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">576,775</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Less: Provision for doubtful debts</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(305,148</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(207,543</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>301,670</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>369,232</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><br style="clear: both" /> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As at June 30, 2018 and March 31, 2018, the Company had the following concentrations of accounts receivables with customers:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Customer</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Megamedia</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">39.47</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">56.37</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Topas</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">17.73</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">14.83</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Commercial Bank</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8.95</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.85</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">LOLC</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.75</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.00</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">DEN Networks</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5.81</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.86</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Development Services</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5.52</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5.04</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Bank of Ceylon</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5.24</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">4.61</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Meghbela</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3.88</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2.05</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Other receivables</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">5.63</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">%</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">7.39</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>100.00</b></font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt"><b>%</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>100.00</b></font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt"><b>%</b></font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 6 &#8211; Prepaid Expenses and Other Current Assets</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following is a summary of prepaid expenses and other current assets as at June 30, 2018 and March 31, 2018;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Security deposits</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">67,441</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">67,348</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">ESC receivable</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">9,378</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5,688</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">OTCQB Annual Fee</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">9,000</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Prepayments</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">490</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,370</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Supplier advance</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">134</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">136</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Prepayment for other professional services</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">438,598</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Insurance prepayment</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,160</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Other receivables</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">7,888</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">8,700</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>94,331</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>523,000</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended March 31, 2018, the Company has written off WHT receivables of $189,121 as the recoverability of the WHT asset is uncertain.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 7&#8211; Property and Equipment</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following table illustrates net book value of property and equipment as at June 30, 2018 and March 31, 2018;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Office equipment</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">2,015</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">2,054</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Furniture &#38; fittings</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">136,136</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">138,752</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Computer equipment (Data Processing Equipment)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">119,595</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">122,443</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Improvements to lease hold assets</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">20,821</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">21,221</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Website Development</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">14,427</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">14,678</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">292,994</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">299,148</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Accumulated depreciation and amortization</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(252,383</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)&#160;</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(255,654</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt"><b>Net fixed assets</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>40,611</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>43,494</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="background-color: white">Depreciation and amortization expense for the three months ended June 30, 2018 and 2017 was $7,383 and $7,472, respectively.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 8 &#8211; Intangible assets</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Intangible assets are comprised of capitalization of certain costs pertaining to product development, which meets the criteria as set forth above under Note 3. The following table illustrates the movement in intangible assets as at June 30, 2018 and March 31, 2018:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Opening Balance</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">732,939</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">580,899</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Add: Costs capitalized during the year</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">67,102</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">277,812</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Less: Amount Written-off</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(19,536</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(113,363</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Translational gain</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(14,014</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(12,409</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt"><b>Net Intangible Assets</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>766,491</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>732,939</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b><u>Note 9 &#8211; Short-term borrowings</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following is a summary of short-term borrowings as at June 30, 2018 and March 31, 2018;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">PAN Asia Bank &#8211; Short term overdraft</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">441,623</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">440,609</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">PAN Asia Bank &#8211; Loan</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">134,914</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">162,636</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Commercial bank</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">62,202</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">53,571</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Senkadagala Finance</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">24,822</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">33,323</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>663,561</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>690,139</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Bank overdraft facility, obtained from Pan Asia Banking Corporation PLC, contains an interest rate of 15.25% per annum up to $ 235,244 and 15.86% per annum up to $425,821.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b><u>Note 10 &#8211; Due to Related Parties</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b>Due to Related Parties &#8211; Short term</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">From time to time, the Company receives advances from related parties such as management, directors or principal shareholders in the normal course of business. Loans and advances received from related parties are unsecured and non-interest bearing. Balances outstanding to these persons for less than 12 months are presented under current liabilities in the accompanying consolidated financial statements. As of June 30, 2018 and March 31, 2018, the Company owed directors $563,219 and $524,955, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b>Due to Related Parties &#8211; Long term</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Balances outstanding to related parties for more than 12 months are presented under long-term liabilities in the accompanying consolidated financial statements. As of June 30, 2018 and March 31, 2018, the Company owed directors $1,344,464 and $1,348,193, respectively.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 11 &#8211; Taxes Payable</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The taxes payable is comprised of items listed below as at June 30, 2018 and March 31, 2018;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">PAYE</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">127,295</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">117,805</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Stamp Duty Payable</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">29</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">34</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Tax payable</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">4,774</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">8,877</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>132,098</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>126,716</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 12 &#8211; Accruals and Other Payables</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following is a summary of accruals and other payables as at June 30, 2018 and March 31, 2018;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Audit fee payable</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">17,005</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">22,260</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Accruals</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">17,215</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">29,128</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Other payables</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">117,224</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">78,745</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Accrued interest</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">4,762</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">1,417</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>156,206</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>131,550</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 13 &#8211; Cost of Revenue</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following is the summary of cost of revenue for the three months ending June 30, 2018 and 2017;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2017</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Purchases</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">9,613</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">11,252</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Implementation cost</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">9,986</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">9,202</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Product development cost written off</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">19,536</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">27,384</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Consultancy, contract basis employee cost</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">6,825</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Support services</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">20,519</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">17,206</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Other external Services</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">25</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,250</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Cost of development services</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">2,141</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">11,631</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>61,820</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>86,750</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 14 &#8211; General and Administrative Expenses</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following is the summary of general and administrative expenses for the three months ending June 30, 2018 and 2017;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2017</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Directors remuneration</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">37,067</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">38,123</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">EPF</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8,902</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">11,078</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">ETF</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,226</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,769</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Vehicle allowance</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">9,196</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">9,457</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Office rent</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">14,256</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">18,701</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Electricity charges</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,201</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,796</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Office maintenance</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,032</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,987</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Telephone charges</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,347</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,573</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Audit fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,643</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,178</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Staff welfare</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,955</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,907</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Computer maintenance</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,446</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,726</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Professional fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,290</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5,010</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Legal Fee</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">4,500</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,500</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Internet charges</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,989</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,309</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Irrecoverable tax</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8,678</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">10,087</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Software Rentals</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">4,469</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7,526</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Other professional services</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,373</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,244</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">OTC market Fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,000</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Transfer agent fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,175</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">450</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Gratuity</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3,640</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Printing and stationery</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">154</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">266</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Office expenses</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">358</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">551</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Courier and postage</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">238</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">84</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Security charges</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">500</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,005</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Insurance expense</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">525</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Travelling expense</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">560</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">776</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Secretarial fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">169</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">186</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Consulting Fee</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8,550</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Penalties / Late payment charges</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">814</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Filling fee and subscription</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">395</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,860</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Stamp duty expenses</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">6</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">493</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Other expenses</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">173</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">1,212</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>119,112</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>148,569</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 15 &#8211; Selling and Distribution Expenses</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following is the summery of selling and distribution expenses for the three months ending June 30, 2018 and 2017;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2017</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Vehicle hire charges</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">1,517</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">1,560</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Vehicle running expense</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,138</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,170</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Travel expenses</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">29</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Marketing expenses</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">325</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>2,684</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>3,055</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 17 - Equity</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 29px; font: 12pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt"><b>(A)</b></font></td> <td style="font: 12pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt"><b>Common Stock</b></font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As at June 30, 2018, the Company had 400,000,000 authorized common shares having a par value of $0. 001. The ordinary shares have been designated with the following rights:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; text-align: justify">&#160;</td> <td style="width: 24px; text-align: justify"><font style="font-size: 10pt">&#9679;&#160;</font></td> <td style="text-align: justify"><font style="font-size: 10pt"><b><i>Voting rights:</i></b> Common shareholders can attend at annual general meeting to cast vote or use a proxy.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">&#160;</td> <td style="text-align: justify">&#160;</td> <td style="text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">&#160;</td> <td style="text-align: justify"><font style="font-size: 10pt">&#9679;</font></td> <td style="text-align: justify"><font style="font-size: 10pt"><b><i>Right to elect board of directors:</i></b> Common shareholders control the Company through their right to elect the company&#8217;s board of directors.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">&#160;</td> <td style="text-align: justify">&#160;</td> <td style="text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">&#160;</td> <td style="text-align: justify"><font style="font-size: 10pt">&#9679;</font></td> <td style="text-align: justify"><font style="font-size: 10pt"><b><i>Right to share income and assets: </i></b>Common shareholders have the right to share company&#8217;s earnings equally on a per-share basis in the form of dividend. Similarly, in the event of liquidation, shareholders have claim on assets that remain after meeting the obligation to accrued taxes, accrued salary and wages, creditors including bondholders (if any) and preferred shareholders. Thus, common shareholders are residual claimants of the company&#8217;s income and assets.</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended June 30, 2018, the Company issued following common shares:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Date</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Type</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>No. of Shares</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Valuation</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 22%; padding-bottom: 1.5pt; text-align: center"><font style="font-size: 10pt">06/30/2017</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="width: 33%; padding-bottom: 1.5pt"><font style="font-size: 10pt">Stock issued as a Dividend payment</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="width: 19%; padding-bottom: 1.5pt; text-align: right"><font style="font-size: 10pt">13,147,666</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="width: 19%; border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">5,784,973</font></td> <td style="width: 1%; padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; text-align: right">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt; text-align: right">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">5,784,973</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify; text-indent: -22.5pt"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 29px; text-align: justify"><font style="font-size: 10pt"><b>(B)</b></font></td> <td style="text-align: justify"><font style="font-size: 10pt"><b>Preferred Stock</b></font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify; text-indent: -22.5pt"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As at June 30, 2018, the Company had 10,000,000 authorized series &#8220;A&#8221; preferred shares having a par value of $0.001 per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preferred shares have been designated with the following conversion rights:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; text-align: justify">&#160;</td> <td style="width: 24px; text-align: justify"><font style="font-size: 10pt">&#9679;&#160;</font></td> <td style="text-align: justify"><font style="font-size: 10pt">One preferred share will convert into ten (10) common shares no earlier than 24 months and 1 day after the issuance.</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.25in"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b><u>Note 18 - Commitments and Contingencies</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company consults with legal counsel on matters related to litigation and other experts both within and outside the Company with respect to matters in the ordinary course of business. The Company does not have any contingent liabilities in respect of legal claims arising in the ordinary course of business.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Duo entered into a lease commitment for its Sri Lanka office amounting to $114,890 with Happy Building Management Company for a period of 3 years. Duo entered in to another lease commitment for its Indian office amounting to $1,189 on April 1, 2018 with Regus Office Center Services Pvt Limited for a period of 1 year.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Guarantees provided by the company existed on the balance sheet date are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Date</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Description</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Amount</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 18%; text-align: center"><font style="font-size: 10pt">9/23/2011</font></td> <td style="width: 1%">&#160;</td> <td style="width: 58%"><font style="font-size: 10pt">Performance Bond for BOC Tender</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 20%; text-align: right"><font style="font-size: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;9,587</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: center"><font style="font-size: 10pt">5/15/2013</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">Guarantee for Lanka Clear</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,014</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: center"><font style="font-size: 10pt">7/31/2014</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">Guarantee for SLT</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">543</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: center"><font style="font-size: 10pt">8/10/2015</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">Guarantee for LOLC</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,532</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: center"><font style="font-size: 10pt">1/25/2018</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">Security deposit- Senkadagala Finance</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">47,871</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: center"><font style="font-size: 10pt">5/23/2018</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Rent deposit for Delhi apartment</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">1,480</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: center">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">63,027</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 20 - General</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Figures have been rounded off to the nearest dollar and the comparative figures have been re-arranged / reclassified, wherever necessary, to facilitate comparison.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is in the practice of provisioning for doubtful debts based on the period outstanding as per the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Trade receivables outstanding:</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Provision</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 70%; padding-left: 10pt"><font style="font-size: 10pt">Over 24 months</font></td> <td style="width: 3%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 25%; text-align: right"><font style="font-size: 10pt">100</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Over 18 months</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">50</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Over 15 months</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">25</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Over 12 months</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">10</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Over 9 months</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5</font></td> <td><font style="font-size: 10pt">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Useful lives of the fixed assets are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%"><font style="font-size: 10pt">Furniture &#38; Fittings</font></td> <td style="width: 1%">&#160;</td> <td style="width: 20%; text-align: center"><font style="font-size: 10pt">5 years</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Improvements to lease hold assets</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">Lease term</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Office equipment</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">5 years</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Computer equipment (Data Processing Equipment)</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">3 years</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Website development</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">4 years</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three months ended June 30, 2018 and 2017, the Company had the following concentrations of revenues with customers:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Customer</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2017</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%"><font style="font-size: 10pt">DEN Networks</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">51.33</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">51.88</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">LOLC</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">26.17</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.00</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Mediatama</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8.37</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.58</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Meghbela</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3.74</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2.90</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Topas TV</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2.58</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.52</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Sri Lanka Telecom</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2.29</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.29</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Commercial Bank</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.04</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">12.21</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Bank of Ceylon</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.07</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8.49</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Development services</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.00</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.26</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Other misc. customers</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">3.41</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">%</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">6.87</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>100.00</b></font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt"><b>%</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>100.00</b></font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt"><b>%</b></font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Changes in Accumulated Other Comprehensive Income (Loss) by Component during the periods ending on June 30, 2018 and March 31, 2018, were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Foreign Currency Translation gains (losses)</b></font></td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%"><font style="font-size: 10pt"><b>Balance, March 31, 2017</b></font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt"><b>$</b></font></td> <td style="width: 21%; text-align: right"><font style="font-size: 10pt"><b>112,761</b></font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Translation rate gain (loss)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(42,780</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt"><b>Balance, March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>69,981</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Translation rate gain (loss)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">38,779</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt"><b>Balance, June 30, 2018</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>108,760</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> DUUO 14074 67102 65426 388630 410089 65738320 70338 84251 2684 3055 438598 6937 7091 446 381 100562 30601 738677 273948 -651294 -149886 53939 17851 266 602 -58488 -11986 -709782 -161872 -709782 -161872 -0.01 -0.00 56780570 38567467 -671003 -167834 7383 7472 5784973 5784973 19536 27384 33000 113385 23802 44272 38264 151105 5382 4009 52695 -12010 4519 86244 945 29 282 67102 65426 -68018 -65144 45480 -752 -63499 21100 22837 16276 51800 -428669 -41587 <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 19 - Subsequent Events</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 27, 2018, Duo World, Inc. filed an Amendment to its Certificate of Designation of its Series A Preferred Stock with the Secretary of State of Nevada. This amendment reduced the number of shares of Series A Preferred Stock from 10,000,000 to 5,000,000 and returned 5,000,000 treasury shares of Series A Preferred Stock to the status of authorized, but unissued, Preferred Stock, par value $0.001 per share.</p> 2018-06-30 13147666 <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As at June 30, 2018 and March 31, 2018, the Company had the following concentrations of accounts receivables with customers:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Customer</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Megamedia</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">39.47</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">56.37</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Topas</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">17.73</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">14.83</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Commercial Bank</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8.95</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.85</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">LOLC</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.75</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.00</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">DEN Networks</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5.81</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.86</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Development Services</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5.52</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5.04</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Bank of Ceylon</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5.24</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">4.61</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Meghbela</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3.88</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2.05</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Other receivables</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">5.63</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">%</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">7.39</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>100.00</b></font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt"><b>%</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>100.00</b></font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt"><b>%</b></font></td></tr> </table> <p style="margin: 0pt"></p> 10129 7169 9696 13454 154032 148478 730 994 -4085 6225 32 28000000 5000000 2000000 310000 -53 <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Note 4 &#8211; Reverse Recapitalization</u></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Duo (Successor) merged with DSSL (Predecessors) on December 3, 2014, and merged with DSS (Predecessors) on December 3, 2014 (Predecessors), and DSSL and DSS became the surviving corporations, in a transaction treated as a reverse recapitalization. Duo did not have any material operations and majority-voting control was transferred to DSSL.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the recapitalization, Duo issued 28,000,000 shares of common stock, 5,000,000 series &#8220;A&#8221; preferred shares and $310,000 in cash in exchange for all of DSSL&#8217;s 5,000,000 issued and outstanding shares of common stock. Duo also issued 2,000,000 shares of common stock in exchange for all of DSS&#8217;s 10,000 issued and outstanding shares of common stock. The transaction resulted in DSSL&#8217;s shareholder and DSS&#8217;s shareholder acquiring approximately 100% control.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The transaction also required a recapitalization of DSSL and DSS. Since DSSL and DSS acquired a controlling voting interest, they were deemed the accounting acquirer, while Duo was deemed the legal acquirer. The historical financial statements of the Company are those of combined financial statements of DSSL &#38; DSS and of the consolidated entities from the date of recapitalization and subsequent.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Since the transaction is considered a reverse recapitalization, the presentation of pro-forma financial information was not required. All share and per share amounts have been retroactively restated to the earliest periods presented to reflect the transaction.</p> 210000 148714 122561 -8059437 -14562711 1.00 576775 606818 207543 305148 369232 301670 189121 67348 67441 438598 5688 9378 1160 1370 490 136 134 8700 7888 2054 138752 122443 21221 14678 299148 2015 136136 119595 20821 14427 292994 67102 277812 -19536 -113363 -14014 -12409 0.1525 0.1586 235244 425821 22260 17005 29128 17215 78745 117224 1417 4762 9613 11252 9986 9202 19536 27384 6825 2141 11631 37067 38123 8902 11078 2226 2769 9196 9457 14256 18701 114890 1189 8550 8678 10087 2643 3178 4469 7526 4500 1500 1955 3907 3201 3796 2989 3309 1290 5010 3032 2987 2347 2573 560 776 154 266 358 551 1446 1726 238 84 500 1005 525 3640 169 186 2373 2244 395 2860 3000 6 493 814 173 1212 119112 148569 29 1517 1560 1138 1170 One preferred share will convert into ten (10) common shares no earlier than 24 months and 1 day after the issuance. P3Y P1Y Performance Bond for BOC Tender Guarantee for Lanka Clear Guarantee for SLT Guarantee for LOLC Security deposit- Senkadagala Finance Rent deposit for Delhi apartment 9587 2014 543 1532 47871 63027 1480 -5554 98675 29763 51800 149203 210812 82480 138342 6075 2719 60648 54445 15306 46324 -4465 5000 5000 -26578 -14503 5784973 1428411 2150846 369232 301670 1066744 526341 776433 807102 1843177 1333443 9000 20519 17206 25 3250 2175 450 325 0.001 0.001 400000000 400000000 0.001 0.001 0.001 10000000 10000000 10000000 5000000 5000000 5000000 5000000 61820 86750 <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Basis of Consolidation</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated Financial Statements include the accounts and transactions of DSSL and DSS (Predecessors) and Duo (Successor). Duo World, Inc. is the parent company of its 100% subsidiaries, Duo Software (Pvt.) Limited (DSSL) and Duo Software Pte. Limited (DSS). Duo Software Pte. Limited is the parent company of its 100% subsidiary, Duo Software India (Private) Limited (India). All significant inter-company accounts and transactions have been eliminated in consolidation.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Use of Estimates and Assumptions </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect 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. Making estimates and assumptions requires management to exercise significant judgment. It is least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future non-confirming events. Accordingly, the actual results could differ from those estimates and assumptions. The most significant estimates relate to the timing and amounts of revenue recognition, the recognition and disclosure of contingent liabilities and the collectability of accounts receivable.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Risks and Uncertainties</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s operations are subject to significant risk and uncertainties including financial, operational, competition and potential risk of business failure. Product revenues are concentrated in the application software industry, which is highly competitive and rapidly changing. Significant technological changes in the industry or customer requirements, or the emergence of competitive products with new capabilities or technologies could adversely affect operating results.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Concentrations of Credit Risk</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains cash and cash equivalents with various high quality financial institutions and we monitor the credit ratings of those institutions. The Company&#8217;s sales are primarily to the companies located in Sri Lanka, Singapore, Indonesia and India. The Company performs ongoing credit evaluations of our customers, and the risk with respect to trade receivables is further mitigated by the diversity, both by geography and by industry, of the customer base. Accounts receivable are due principally from the companies under stated contract terms.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Provisions</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A provision is recognized when the Company has present obligations because of past events. It is probable that an outflow of resources embodying economic benefits will be required to settle the obligations and reliable estimates can be made of amount of the obligation. Provisions are not discounted at their present value and are determined based on the best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Accounts Receivable and Provision for Doubtful Accounts</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes accounts receivable in connection with the products sold and services provided and has strong policies and procedures for the collection of receivables from its clients. However, there are inevitably occasions when the receivables due to the Company cannot be collected and, therefore, have to be written off as bad debts. While the debt collection process is being pursued, an assessment is made of the likelihood of the receivable being collectable. A provision is, therefore, made against the outstanding receivable to reflect that component that may not become collectable. The Company is in the practice of provisioning for doubtful debts based on the period outstanding as per the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Trade receivables outstanding:</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Provision</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 70%; padding-left: 10pt"><font style="font-size: 10pt">Over 24 months</font></td> <td style="width: 3%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 25%; text-align: right"><font style="font-size: 10pt">100</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Over 18 months</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">50</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Over 15 months</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">25</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Over 12 months</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">10</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Over 9 months</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5</font></td> <td><font style="font-size: 10pt">%</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b><i>Cash Equivalents</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. As of June 30, 2018 and March 31, 2018, there were no cash equivalents.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Foreign Currency Translation</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The functional currencies of the Company&#8217;s foreign subsidiaries are their local currencies. For financial reporting purposes, these currencies have been translated into United States Dollars ($) and/or USD as the reporting currency. All assets and liabilities denominated in foreign functional currencies are translated into U.S. dollars at the closing exchange rate on the balance sheet date and equity balances are translated at historical rates. Revenues, costs and expenses in foreign functional currencies are translated at the average rate of exchange during the period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of shareholders&#8217; deficit as &#8220;accumulated other comprehensive income (loss).&#8221; Gains and losses resulting from foreign currency transactions are included in the statement of operations and comprehensive income /(loss) as other income (expense).</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Property and Equipment</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fixed assets (including leasehold improvements) are stated at cost, net of accumulated depreciation and amortization. Depreciation is computed utilizing the straight-line method over the estimated useful lives of the related assets. The estimated salvage value is considered as NIL. Amortization of leasehold improvements is computed utilizing the straight-line method over the estimated benefit period of the related assets, which may not exceed 15 years, or the lease term, if shorter. Repairs and maintenance expenditures, which are not considered improvements and do not extend the useful life of the property and equipment, are expensed as incurred. In case of sale or disposal of an asset, the cost and related accumulated depreciation are removed from the consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Useful lives of the fixed assets are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%"><font style="font-size: 10pt">Furniture &#38; Fittings</font></td> <td style="width: 1%">&#160;</td> <td style="width: 20%; text-align: center"><font style="font-size: 10pt">5 years</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Improvements to lease hold assets</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">Lease term</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Office equipment</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">5 years</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Computer equipment (Data Processing Equipment)</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">3 years</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Website development</font></td> <td>&#160;</td> <td style="text-align: center"><font style="font-size: 10pt">4 years</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><b><i>Impairment of Long-Lived Assets</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reviews long-lived assets, such as property, plant, and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of by sale would be separately presented in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of a group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Fair Value Measurements and Fair Value of Financial Instruments</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The estimated fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost bases, which approximates their fair values because of the short-term nature of these instruments.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Post Retirement Benefit Plan</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has gratuity as it post-employment plan for all the eligible employees. The recognition for the gratuity plan is as below:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The expected post-retirement benefit obligation (&#8220;EPBO&#8221;) is the actuarial present value (&#8220;APV&#8221;) as of a specific date of the benefits expected to be paid to the employee, beneficiaries, and covered dependents.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Measurement of the EPBO is based on the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1. Expected amount and timing of future benefits</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">2. Expected future costs</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">3. Extent of cost sharing</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The EPBO includes an assumed salary progression for a pay-related plan. Future compensation levels represent the best estimate after considering the individual employees involved, general price levels, seniority, productivity, promotions, indirect effects, and the like.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accumulated post-retirement benefit obligation (&#8220;APBO&#8221;) is the APV as of a specific date of all future benefits attributable to service by an employee to that date. It represents the portion of the EPBO earned to date. After full eligibility is attained, the APBO equals the EPBO. The APBO also includes an assumed salary progression for a pay-related plan.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Revenue Recognition, Deferred &#38; Accrued Revenue</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes revenue from the sale of software licenses and related services. The Company&#8217;s revenue recognition policy follows guidance from Accounting Standards Codification(&#8220;ASC&#8221;) 606, Revenue from contracts with customers. Revenue is recognized when the Company transfers promised goods and services to the customer and in the amount that reflects the consideration to which the Company expected to be entitled in exchange for those goods and services.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following five steps are applied in recognizing revenue from contracts:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px">&#160;</td> <td style="width: 24px"><font style="font-size: 10pt">&#9679;</font></td> <td style="text-align: justify"><font style="font-size: 10pt">Identify the contract, or contract with the customer;</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td><font style="font-size: 10pt">&#9679;</font></td> <td style="text-align: justify"><font style="font-size: 10pt">Identify the performance obligation of the contract;</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td><font style="font-size: 10pt">&#9679;</font></td> <td style="text-align: justify"><font style="font-size: 10pt">Determine the transaction price;</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td><font style="font-size: 10pt">&#9679;</font></td> <td style="text-align: justify"><font style="font-size: 10pt">Allocate the transaction price to the performance obligations in the contract; and</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td><font style="font-size: 10pt">&#9679;</font></td> <td style="text-align: justify"><font style="font-size: 10pt">Recognize revenue when or as the Company satisfies a performance obligation.</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company typically licenses its products on a per server, per user basis with the price per customer varying based on the selection of the products licensed, the number of site installations and the number of authorized users. Currently, Duo is offering two products from which it generates its revenue they are &#8220;Duo Subscribe&#8221; and &#8220;Facetone.&#8221; Duo sells its software license along with software implementation and annual maintenance services under an agreement with various clients. The Company raises invoice on key milestone basis, as defined in the agreement and recognizes revenue after satisfying the performance obligations. Revenues from consulting and training services are typically recognized as the services are performed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company offers annual maintenance programs on its licenses that provide for technical support and updates to the Company&#8217;s software products. Initial Annual Maintenance fees are bundled with license fees in the initial licensing period and recognized when the performance obligation of license fee is met. However, subsequent renewals of annual maintenance are charged separately for renewals. Fair value for maintenance is based upon either renewal rates stated in the contracts or separate sales of renewals to customers. Revenue is recognized ratably, or daily, over the term of the maintenance period, which is typically one year.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three months ended June 30, 2018 and 2017, the Company received only cash as consideration for sale of licenses and related services rendered.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three months ended June 30, 2018 and 2017, the Company had the following concentrations of revenues with customers:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Customer</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2017</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%"><font style="font-size: 10pt">DEN Networks</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">51.33</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">51.88</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">LOLC</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">26.17</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.00</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Mediatama</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8.37</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.58</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Meghbela</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">3.74</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2.90</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Topas TV</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2.58</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.52</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Sri Lanka Telecom</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2.29</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.29</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Commercial Bank</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.04</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">12.21</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Bank of Ceylon</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.07</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8.49</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Development services</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">0.00</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.26</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Other misc. customers</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">3.41</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">%</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">6.87</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>100.00</b></font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt"><b>%</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>100.00</b></font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt"><b>%</b></font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the years ended June 30, 2018 and 2017, the Company had the following sales by products:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Product</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2017</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%"><font style="font-size: 10pt">Duo Subscriber</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">82,480</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">138,342</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Facetone</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">60,648</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">54,445</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Software hosting and reselling</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">6,075</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,719</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Development Services</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">15,306</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>149,203</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>210,812</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Significant Judgments</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s contract with customers includes multiple software products and services to deliver and in most of the contracts, the price of the separately identifiable features are stated separately. In the event the price of the multiple product and services are not mentioned in the agreement, the Company allocates transaction price estimating the standalone selling price of the promised products and the services. The determination of standalone selling price for each performance obligation requires judgments. The Company determines standalone selling price for performance obligations based on overall pricing strategies, which consider the market in which the Company operates, historical data analysis, number of users of the product or services, size of the customer and the market price of the hardware used.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Contract Balances</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">When the timing of revenue recognition differs from the timing of invoicing for contracts with customers deferred revenue and accrued revenue/ unbilled accounts receivables recognized by the Company. Revenue under Software Implementation contracts are invoiced on stages of completion as stipulated in the agreement and the revenue recognized when the performance obligations are met and the customer signs the user acceptance test (UAT). The Company invoices software license fees and royalty fees at the end of the period according to the customer agreement and accrued revenue/unbilled revenue recognized for the relevant period. The maintenance fee is invoiced beginning of the period and the Company recognizes as deferred revenue in the financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognized $46,324 in revenue as at June 30, 2018 from the contract with LOLC as the performance obligations are completed in this year, and has a contract balance of $133,061 from the same customer as at June 30, 2018. The Company is waiting for the customer confirmation to deliver the balance of product and services.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Refer to Note- 5 for &#8220;Accounts receivables and Provision for doubtful debts&#8221;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Segment Information </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>&#160;</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has determined that its Chief Executive Officer is its Chief Operating Decision Maker. The Company&#8217;s Chief Executive Officer reviews financial information presented on a consolidated basis for the purposes of assessing the performance and making decisions on how to allocate resources. Accordingly, the Company has determined that it operates in a single reportable segment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Deferred Revenue - </i></b>Deferred revenue represents advance payments for software licenses, services, and maintenance billed in advance of the time revenue is recognized. As at March 31, 2018, there were no deferred revenue recognized and as at June 30, 2018, deferred revenue recognized was $14,074.</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 100%">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Accrued Revenue/Unbilled Accounts Receivable - </i></b>Accrued revenue/Unbilled accounts receivable primarily occur due to the timing of the respective billings, which occur subsequent to the end of each reporting period. As at June 30, 2018 and March 31, 2018 unbilled/accrued revenues were $122,561 and $148,714, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company had no contract liabilities and asset recognized for cost to fulfill a requirement of a customer as at June 30, 2018.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Cost of Revenue</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of Revenue mainly includes purchases, product implementation costs, amortization of product development, developer support and implementation, and consultancy fees related to the products offered by Duo. The aggregate cost related to the software implementations, including support and consulting services pertaining to the revenue recognized during the reporting period, is recognized as Cost of Revenue.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Product research and development</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Product research and development expenses consist primarily of salary and benefits for the Company&#8217;s development and technical support staff, contractors&#8217; fees and other costs associated with the enhancements of existing products and services and development of new products and services. Costs incurred for software development prior to technological feasibility are expensed as product research and development costs in the period incurred. Once the point of technological feasibility is reached, which is generally upon the completion of a working prototype that has no critical bugs and is a release candidate, development costs are capitalized until the product is ready for general release and are classified within &#8220;Intangibles assets&#8221; in the accompanying consolidated balance sheets. The Company amortizes capitalized software development costs using the greater of the ratio of the products&#8217; current gross revenues to the total of current gross revenues and expected gross revenues or on a straight-line basis over the estimated economic life of the related product, which is typically four years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended June 30, 2018 and 2017, product research and development cost of $67,102 and $$65,426, respectively, were capitalized as &#8220;Intangible assets.&#8221;</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Advertising Costs</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company expenses advertising costs as incurred. No advertising expenses were incurred during the three months ended June 30, 2018 and 2017.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Income Taxes</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Comprehensive Income</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Comprehensive Income Topic of the FASB Accounting Standards Codification establishes standards for reporting and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income from April 1, 2015 through March 31, 2018, includes only foreign currency translation gains (losses), and is presented in the Company&#8217;s consolidated statements of comprehensive income.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Changes in Accumulated Other Comprehensive Income (Loss) by Component during the periods ending on June 30, 2018 and March 31, 2018, were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Foreign Currency Translation gains (losses)</b></font></td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%"><font style="font-size: 10pt"><b>Balance, March 31, 2017</b></font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt"><b>$</b></font></td> <td style="width: 21%; text-align: right"><font style="font-size: 10pt"><b>112,761</b></font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Translation rate gain (loss)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(42,780</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt"><b>Balance, March 31, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>69,981</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Translation rate gain (loss)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">38,779</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt"><b>Balance, June 30, 2018</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>108,760</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Recent Accounting Pronouncements</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers: Topic 606 and issued subsequent amendments to the initial guidance in August 2015, March 2016, April 2016, May 2016, September 2017 and November 2017 within ASU 2015-04, ASU 2016-08, ASU 2016-10 and ASU 2016-12, ASU 2017-13 and ASU 2017-14, respectively (collectively, Topic 606). Topic 606 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers and will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. Topic 606 defines a five-step process to achieve this core principle and, in doing so, more judgment and estimates will be required within the revenue recognition process than are required under current GAAP (Accounting Standards Codification 605). Topic 606 is effective for the Company&#8217;s annual and interim reporting periods beginning January 1, 2018 (&#8220;effective date&#8221;).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The Company adopted the new standard effective January 1, 2018 using the modified retrospective method.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has adopted implementation of ASC 606 with effect from April 1, 2018 as a result of it $0.21 million impact which was provided as at March 31, 2018 has been reversed.</p> <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the years ended June 30, 2018 and 2017, the Company had the following sales by products:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Product</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2017</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%"><font style="font-size: 10pt">Duo Subscriber</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">82,480</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">138,342</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Facetone</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">60,648</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">54,445</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Software hosting and reselling</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">6,075</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,719</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Development Services</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">15,306</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>149,203</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt"><b>210,812</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 255654 252383 10 133061 5000000 5000000 <p style="margin: 0pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following is the summery of selling and distribution expenses for the three months ending June 30, 2018 and 2017;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2018</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>June 30, 2017</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Vehicle hire charges</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">1,517</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">1,560</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Vehicle running expense</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,138</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,170</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Travel expenses</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">29</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Marketing expenses</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">325</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>2,684</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt"><b>$</b></font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt"><b>3,055</b></font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="margin: 0pt"></p> EX-101.SCH 7 duuo-20180630.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Disclosure - Organization and Nature of Operations link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Basis of Presentation link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Reverse Recapitalization link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Accounts Receivable link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Prepaid Expenses and Other Current Assets link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Property and Equipment link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Intangible Assets link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Short-term Borrowings link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Due to Related Parties link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Taxes Payables link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Accruals and Other Payables link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Cost of Revenue link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - General and Administrative Expenses link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Selling and Distribution Expenses link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Equity link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - General link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Accounts Receivable (Tables) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Prepaid Expenses and Other Current Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Property and Equipment (Tables) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Intangible Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Short-term Borrowings (Tables) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Taxes Payables (Tables) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Accruals and Other Payables (Tables) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Cost of Revenue (Tables) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - General and Administrative Expenses (Tables) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Selling and Distribution Expenses (Tables) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Commitments and Contingencies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Basis of Presentation (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000041 - Disclosure - Summary of Significant Accounting Policies - Schedule of Provision for Doubtful Debts Based On Period Outstanding (Details) link:presentationLink link:calculationLink link:definitionLink 00000042 - Disclosure - Summary of Significant Accounting Policies - Schedule of Estimated Useful Lives of Fixed Assets (Details) link:presentationLink link:calculationLink link:definitionLink 00000043 - Disclosure - Summary of Significant Accounting Policies - Schedule of Concentrations of Revenue (Details) link:presentationLink link:calculationLink link:definitionLink 00000044 - Disclosure - Summary of Significant Accounting Policies - Schedule of Sales by Products (Details) link:presentationLink link:calculationLink link:definitionLink 00000045 - Disclosure - Summary of Significant Accounting Policies - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) link:presentationLink link:calculationLink link:definitionLink 00000046 - Disclosure - Reverse Recapitalization (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000047 - Disclosure - Accounts Receivable - Schedule of Accounts Receivables (Details) link:presentationLink link:calculationLink link:definitionLink 00000048 - Disclosure - Accounts Receivable - Schedule of Concentrations of Accounts Receivable (Details) link:presentationLink link:calculationLink link:definitionLink 00000049 - Disclosure - Prepaid Expenses and Other Current Assets (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000050 - Disclosure - Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) link:presentationLink link:calculationLink link:definitionLink 00000051 - Disclosure - Property and Equipment (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000052 - Disclosure - Property and Equipment - Schedule of Property and Equipment (Details) link:presentationLink link:calculationLink link:definitionLink 00000053 - Disclosure - Intangible Assets - Schedule of Intangible Assets (Details) link:presentationLink link:calculationLink link:definitionLink 00000054 - Disclosure - Short-term Borrowings (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000055 - Disclosure - Short-term Borrowings - Summary of Short-term Borrowings (Details) link:presentationLink link:calculationLink link:definitionLink 00000056 - Disclosure - Due to Related Parties (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000057 - Disclosure - Taxes Payables - Schedule of Taxes Payable (Details) link:presentationLink link:calculationLink link:definitionLink 00000058 - Disclosure - Accruals and Other Payables - Schedule of Accruals and Other Payables (Details) link:presentationLink link:calculationLink link:definitionLink 00000059 - Disclosure - Cost of Revenue - Summary of Cost of Revenue (Details) link:presentationLink link:calculationLink link:definitionLink 00000060 - Disclosure - General and Administrative Expenses - Schedule of General and Administrative Expenses (Details) link:presentationLink link:calculationLink link:definitionLink 00000061 - Disclosure - Selling and Distribution Expenses - Schedule of Selling and Distribution Expenses (Details) link:presentationLink link:calculationLink link:definitionLink 00000062 - Disclosure - Equity (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000063 - Disclosure - Equity - Schedule of Common Shares Issued (Details) link:presentationLink link:calculationLink link:definitionLink 00000064 - Disclosure - Commitments and Contingencies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000065 - Disclosure - Commitments and Contingencies - Schedule of Guarantee Provided by Existed Company (Details) link:presentationLink link:calculationLink link:definitionLink 00000066 - Disclosure - Subsequent Events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 duuo-20180630_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 duuo-20180630_def.xml XBRL DEFINITION FILE EX-101.LAB 10 duuo-20180630_lab.xml XBRL LABEL FILE Receivable Type [Axis] Trade Receivables Outstanding [Member] Award Date [Axis] Over 24 Months [Member] Over 18 Months [Member] Over 15 Months [Member] Over 12 Months [Member] Over 9 Months [Member] Property, Plant and Equipment, Type [Axis] Furniture & Fittings [Member] Improvements to Lease Hold Assets [Member] Office Equipment [Member] Computer Equipment (Data Processing Equipment) [Member] Website Development [Member] Customer [Axis] Megamedia [Member] Concentration Risk Benchmark [Axis] Accounts Receivable [Member] DEN Networks [Member] Topas [Member] Website Development [Member] Legal Entity [Axis] PAN Asia Bank - Short Term Overdraft [Member] Commercial Bank [Member] Income Tax Authority [Axis] Stamp Duty Payable [Member] PAYE [Member] Tax Payable [Member] Revenue [Member] Development Services [Member] Other Misc. customers [Member] Meghbela [Member] Bank of Ceylon [Member] Other Receivables [Member] LOLC [Member] Mediatama [Member] Duo Software (Pvt.) Limited and Duo Software Pte Limited [Member] Duo Software India (Private) Limited [Member] Senkadagala Finance [Member] Sri Lanka Telecom [Member] Topas TV [Member] Product and Service [Axis] Duo Subscriber [Member] Software Hosting and Reselling [Member] FaceTone [Member] Duo Software (Pvt.) Limited (DSSL) [Member] Equity Components [Axis] Common Stock [Member] Class of Stock [Axis] Series A Preferred Stock [Member] Duo Software Pte Limited (DSS) [Member] Duo Software (Pvt.) Limited (DSSL) and Duo Software Pte Limited (DSS) [Member] Pan Asia Banking Corporation PLC [Member] Credit Facility [Axis] Interest Rate of 15.25% Per Annum [Member] Range [Axis] Maximum [Member] Interest Rate of 15.86% Per Annum [Member] PAN Asia Bank - Loan [Member] Lease Arrangement, Type [Axis] Sri Lanka Office [Member] Happy Building Management [Member] Report Date [Axis] April 1, 2018 [Member] Indian Office [Member] Regus Office Center Services Pvt. Limited [Member] 06/30/2017 [Member] Stock Issued as a Dividend Payment [Member] Subsequent Event Type [Axis] Subsequent Event [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Filer Category Entity Common Stock, Shares Outstanding Trading Symbol Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS Current Assets Cash and cash equivalents Accounts receivable - trade Prepaid expenses and other current assets Accrued Revenue Total Current Assets Non-Current Assets Property and equipment, net of accumulated depreciation of $252,383 and $255,654 respectively Intangible assets Total Non-Current Assets Total Assets LIABILITIES and SHAREHOLDER' DEFICIT Current Liabilities Accounts payable Short term borrowings Payroll, employee benefits, severance Due to related parties Payable for acquisition Taxes payable Accruals and other payables Lease creditors Deferred revenue Total Current Liabilities Long Term Liabilities Due to related parties Lease creditors Employee Benefit Obligation Total Long Term liabilities Total Liabilities Commitments and contingencies (Note 16) Shareholders' Deficit Ordinary shares: $0.001 par value per share; 400,000,000 shares authorized; 65,738,320 and 52,590,654 shares issued and outstanding, respectively Convertible series A preferred shares: $0.001 par value per share; 10,000,000 shares authorized; 5,000,000 and 5,000,000 shares issued and outstanding, respectively Additional paid in capital Accumulated deficit Accumulated other comprehensive income Total Shareholders' Deficit Total Liabilities and Shareholders' Deficit Accumulated depreciation, property and equipment Ordinary stock, par value Ordinary stock, shares authorized Ordinary stock, shares issued Ordinary stock, shares outstanding Convertible series "A" preferred stock, par value Convertible series "A" preferred stock, shares authorized Convertible series "A" preferred stock, shares issued Convertible series "A" preferred stock, shares outstanding Income Statement [Abstract] Revenue Cost of sales (exclusive of depreciation presented below) Gross income Operating Expenses General and administrative expenses Salaries and benefits Professional services- Investment advisory Selling and distribution expenses Depreciation Amortization of web site development Allowance for bad debts Total operating expenses Loss from operations Other income (expenses): Gain / (Loss) on disposals Other income Bank charges Exchange gain / (loss) Interest expense Total other expenses Loss before provision for income taxes Provision for income taxes Net loss Net loss per common share - basic and diluted Basic and Diluted Weighted Average Number of Common Shares Outstanding Comprehensive Income / (Loss): (Loss) / gain on foreign currency translation Net loss Comprehensive Loss Statement of Cash Flows [Abstract] Cash flows from operating activities: Loss before provision for income taxes Adjustments to reconcile loss before provision for income taxes to cash provided by / (used in) operating activities: Depreciation Gain on disposals of property and equipment Product development cost written off Stock issued for services Prior year adjustments Changes in assets and liabilities: Accounts receivable - trade Prepayments Accounts Payable Short term borrowing Payroll, employee benefits, severance Due to relates parties Taxes payable Accruals and other payables Employee benefit obligation Deferred taxes Net cash provided by / (used in) operating activities Cash Flows used in investing activities: Acquisition of Property and Equipment Sale proceeds of disposal of Property and Equipment Intangible assets Net cash used in investing activities Cash flows from financing activities: Net cash provided by financing activities Net increase / (decrease) in cash Effect of exchange rate changes on cash Cash, beginning of period Cash, end of period Supplemental disclosure of cash flow information: Cash paid for interest Cash paid for income taxes Supplemental disclosure of non-cash investing and financing activities: Common shares issued for services received Common shares issued as a Dividend payment Organization, Consolidation and Presentation of Financial Statements [Abstract] Organization and Nature of Operations Basis of Presentation Accounting Policies [Abstract] Summary of Significant Accounting Policies Reverse Recapitalization Reverse Recapitalization Accounts Receivable, Net [Abstract] Accounts Receivable Prepaid Expense and Other Assets, Current [Abstract] Prepaid Expenses and Other Current Assets Property, Plant and Equipment [Abstract] Property and Equipment Goodwill and Intangible Assets Disclosure [Abstract] Intangible Assets Debt Disclosure [Abstract] Short-term Borrowings Related Party Transactions [Abstract] Due to Related Parties Taxes Payable [Abstract] Taxes Payables Payables and Accruals [Abstract] Accruals and Other Payables Cost of Revenue [Abstract] Cost of Revenue General And Administrative Expenses General and Administrative Expenses Selling And Distribution Expenses Selling and Distribution Expenses Equity [Abstract] Equity Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Subsequent Events [Abstract] Subsequent Events General General Basis of Consolidation Use of Estimates and Assumptions Risks and Uncertainties Concentrations of Credit Risk Provisions Accounts Receivable and Provision for Doubtful Accounts Cash Equivalents Foreign Currency Translation Property and Equipment Impairment of Long-Lived Assets Fair Value Measurements and Fair Value of Financial Instruments Post Retirement Benefit Plan Revenue Recognition, Deferred & Accrued Revenue Cost of Revenue Product Research and Development Advertising Costs Income Taxes Comprehensive Income Recent Accounting Pronouncements Schedule of Provision for Doubtful Debts Based On Period Outstanding Schedule of Estimated Useful Lives of Fixed Assets Schedule of Concentrations of Revenue Schedule of Sales by Products Schedule of Accumulated Other Comprehensive Income (Loss) Schedule of Accounts Receivables Schedule of Concentrations of Accounts Receivable Schedule of Prepaid Expenses and Other Current Assets Schedule of Property and Equipment Schedule of Intangible Assets Summary of Short-term Borrowings Schedule of Taxes Payable Schedule of Accruals and Other Payables Summary of Cost of Revenue Schedule of General and Administrative Expenses Schedule of Selling and Distribution Expenses Schedule of Common Shares Issued Schedule of Guarantee Provided by Existed Company Net loss Net cash provided by operating activities Working capital deficit Employee provident fund and employee trust fund Stockholders' deficit Statement [Table] Statement [Line Items] Ownership interest Cash equivalents Property, plant and equipment, depreciation methods Estimated useful life Revenue recognized from contract with customer Contract balance Deferred revenue Unbilled receivables Product research and development cost Advertising expense Changes in accumulated deficit Provisioning for trade receivables outstanding percentage over period Estimated useful Lives of property and equipment Estimated useful Lives of property and equipment, description Concentrations of revenue percentage Foreign Currency Translation gains (losses),beginning Translation rate gain (loss) Foreign Currency Translation gains (losses),ending Number of stock issued during period, shares Cash consideration on exchange of DSSL's Common stock, shares issued Common stock, shares outstanding Shareholder acquisition, percent Accounts receivable - Trade Less: Provision for doubtful debts Accounts receivable Concentrations of accounts receivable Written off Withholding Tax receivables Security deposits ESC receivable OTCQB Annual Fee Prepayments Supplier advance Prepayment for other professional services Insurance prepayment Other receivables Prepaid expenses and other current assets Depreciation and amortization expense Fixed assets gross Accumulated depreciation and amortization Net fixed assets Opening Balance Add: Costs capitalized during the period Less: Amount Written -off Translational gain Net Intangible Assets Bank overdraft facility interest rate Bank overdrafts Short Term Borrowings Due to related parties, short term Due to related parties, long term Audit fee payable Accruals Other payables Accrued interest Accruals and other payables Purchases Implementation cost Product development cost written off Consultancy, contract basis employee cost Support services Other external Services Cost of development services Cost of revenue General And Administrative Expenses - Schedule Of General And Administrative Expenses Directors remuneration EPF ETF Vehicle allowance Office rent Electricity charges Office maintenance Telephone charges Audit fees Staff welfare Computer maintenance Professional fees Legal Fee Internet charges Irrecoverable tax Software Rentals Other professional services OTC market Fees Transfer agent fees Gratuity Printing and stationery Office expenses Courier and postage Security charges Insurance expense Travelling expense Secretarial fees Consulting Fee Penalties / Late payment charges Filling fee and subscription Stamp duty expenses Other expenses General and administrative expenses Selling And Distribution Expenses - Schedule Of Selling And Distribution Expenses Vehicle hire charges Vehicle running expense Marketing Expenses Travel expenses Selling and distribution expenses Common stock, shares authorized Common stock, par value Series "A" preferred stock, shares authorized Series "A" preferred stock, par value Number of preferred shares converted into common shares Preferred stock conversion description Number of common stock issued, shares Value of common stock issued Lease commitment amount Lease term Guarantee Description Guarantee Amount Number of preferred stock authorized Reduction in preferred stock Treasury shares, authorized Preferred stock, par value Accounts Receivables Disclosure [Text Block] April 1, 2017 [Member] Bank of Ceylon [Member] Commercial Bank [Member] Commercial Bank of Ceylon PLC [Member] Computer Equipment and Website Development [Member] Cost of Revenue [Text Block] DEN Networks [Member] DFCC [Member] Development Services [Member] Dish Media [Member] Duo Software India (Private) Limited [Member] Duo Software (Pvt.) Limited and Duo Software Pte Limited [Member] 08/23/2017 [Member] FaceTone [Member] Fair Value Measurements and Fair Value of Financial Instruments [Policy Text Block] General And Administrative Expenses Disclosure [Text Block] General [Text Block] Happy Building Management [Member] HelloCorp [Member] Hutchison [Member] Indian Office [Member] Interest Rate of 11.35% Per Annum [Member] LOLC [Member] MediaNet [Member] Mediatama [Member] Megamedia [Member] Meghbela [Member] 09/18/2017 [Member] Other misc. customers [Member] Other Receivables [Member] Over 18 months [Member] Over 15 months [Member] Over 9 months [Member] Over 12 months [Member] Over 24 months [Member] PAN Asia Bank - Short term overdraft [Member] PAYE [Member] Pan Asia Banking Corporation PLC [Member] Prepaid Expenses And Other Current Assets [Text Block] Professional services - Investment advisory. Prosperous Capital [Member] Provisioning for trade receivables outstanding percentage over period. Provisions [Policy Text Block] Regus Office Center Services Pvt. Limited [Member] Risks and Uncertainties [Policy Text Block] Schedule of Concentration of Accounts Receivable [Table Text Block] Schedule of Estimated Useful lives of Fixed Assets [Table Text Block] Schedule Of Provision For Doubtful Debts Based On Period Outstanding [Table Text Block] Schedule of Taxes Payable [Table Text Block] Selling and Distribution Expenses [Text Block] Senkadagala Finance [Member] Stock issued to Consulting for Strategic Growth 1, Ltd. [Member] 06/30/2017 [Member] Sri Lanka Office [Member] Sri Lanka Telecom [Member] Stamp Duty Payable [Member] Stock issued to Consulting for Strategic Growth 1, Ltd. [Member] Stock issued to Dayspring Capital LLC. [Member] Stock issued to Maxim Partners LLC. [Member] Stock issued to Yenom (Pvt), Limited. [Member] Summary of Cost of Revenue [Table Text Block] Schedule of General and Administrative Expenses [Table Text Block] Schedule of Selling and Distribution Expenses [Table Text Block] Tax Payable [Member] Taxes Payables Disclosure [Text Block] Topas [Member] Topaz [Member] Trade Receivables Outstanding [Member] 12/19/2017 [Member] 2017 Employee Stock Ownership Plan [Member] VAT Payable [Member] Website Development [Member] Bank charges. Gain loss on sale of securities. Reverse Recapitalization [Text Block] Schedule of Sales by Products [Table Text Block] Topas TV [Member] Duo Subscriber [Member] Duo Contact [Member] Software Hosting and Reselling [Member] Prior to Adoption of New Revenue Standard [Member] Adjustment for New Revenue Standard [Member] Duo Software (Pvt.) Limited (DSSL) [Member] Duo Software Pte Limited (DSS) [Member] Duo Software (Pvt.) Limited (DSSL) and Duo Software Pte Limited (DSS) [Member] Other 8 Receivables [Member] Written off with holding tax receivables. ESC receivable. Interest Rate of 15.25% Per Annum [Member] Interest Rate of 15.86% Per Annum [Member] PAN Asia Bank - Short Term Overdraft [Member] PAN Asia Bank - Loan [Member] Accruals. Cost of goods purchases. Consultancy, contract basis employee cost. Employees Provident Fund. Exchange Traded Fund. Consulting fee. Irrecoverable tax. Audit fees. Software Rentals. Staff Welfare. Electricity Charges. Internet Charges. Office Expenses. Computer Maintenance. Security Charges. Gratuity Expenses. Other Professional Services. Fee and subscription. OTC market fees. Stamp Duty Expenses. Penalties Late Payment Charges. Vehicle Hire Charges. Vehicle running expenses. Current Taxes Nevada [Member] Sri Lanka [Member] Singapore [Member] Stock issued for Services One [Member] Stock issued for Services Two [Member] Stock issued for Services Three [Member] Stock issued for Services Four [Member] 01/02/2018 [Member] Stock issued for Services [Member] April 1, 2018 [Member] Stock Issued to Employees Under ESOP plan [Member] Short term borrowing. Common shares issued as a Dividend payment. Working capital deficit. Annual Fee. Support services. Other external Services. Transfer agent fees. Travel expenses. Stock Issued as a Dividend Payment [Member] Software Development [Member] Assets, Current Long-Lived Assets Assets Liabilities, Current Capital Lease Obligations, Noncurrent Liabilities, Noncurrent Liabilities Liabilities and Equity Cost of Revenue [Default Label] Gross Profit Operating Expenses [Default Label] Operating Income (Loss) BankCharges Interest Expense, Other Other Nonoperating Income (Expense) Income Tax Expense (Benefit) Comprehensive Income (Loss), Net of Tax, Attributable to Parent Restatement of Prior Year Income, Gross Increase (Decrease) in Accounts Receivable Increase (Decrease) in Prepaid Expense and Other Assets Increase (Decrease) in Employee Related Liabilities Increase (Decrease) in Income Taxes Payable Increase (Decrease) in Accrued Liabilities Increase (Decrease) in Deferred Income Taxes Payments to Acquire Property, Plant, and Equipment Payments to Acquire Intangible Assets Net Cash Provided by (Used in) Investing Activities Cash and Cash Equivalents, Period Increase (Decrease) ReverseRecapitalizationTextBlock GeneralDisclosureTextBlock Property, Plant and Equipment, Policy [Policy Text Block] Cost of Sales, Policy [Policy Text Block] Deferred Revenue Allowance for Doubtful Accounts Receivable Accounts Receivable, Net Research and Development in Process EX-101.PRE 11 duuo-20180630_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.10.0.1
Document and Entity Information - shares
3 Months Ended
Jun. 30, 2018
Aug. 20, 2018
Document And Entity Information    
Entity Registrant Name DUO WORLD INC  
Entity Central Index Key 0001635136  
Document Type 10-Q  
Document Period End Date Jun. 30, 2018  
Amendment Flag false  
Current Fiscal Year End Date --03-31  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   65,738,320
Trading Symbol DUUO  
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2019  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Mar. 31, 2018
Current Assets    
Cash and cash equivalents $ 7,779 $ 25,798
Accounts receivable - trade 301,670 369,232
Prepaid expenses and other current assets 94,331 523,000
Accrued Revenue 122,561 148,714
Total Current Assets 526,341 1,066,744
Non-Current Assets    
Property and equipment, net of accumulated depreciation of $252,383 and $255,654 respectively 40,611 43,494
Intangible assets 766,491 732,939
Total Non-Current Assets 807,102 776,433
Total Assets 1,333,443 1,843,177
Current Liabilities    
Accounts payable 391,422 367,620
Short term borrowings 663,561 690,139
Payroll, employee benefits, severance 557,392 458,717
Due to related parties 563,219 524,955
Payable for acquisition 185,762 185,762
Taxes payable 132,098 126,716
Accruals and other payables 156,206 131,550
Lease creditors 13,454 9,696
Deferred revenue 14,073
Total Current Liabilities 2,677,187 2,495,155
Long Term Liabilities    
Due to related parties 1,344,464 1,348,193
Lease creditors 7,169 10,129
Employee Benefit Obligation 148,478 154,032
Total Long Term liabilities 1,500,111 1,512,354
Total Liabilities 4,177,298 4,007,509
Commitments and contingencies (Note 16)
Shareholders' Deficit    
Ordinary shares: $0.001 par value per share; 400,000,000 shares authorized; 65,738,320 and 52,590,654 shares issued and outstanding, respectively 65,738 52,591
Convertible series A preferred shares: $0.001 par value per share; 10,000,000 shares authorized; 5,000,000 and 5,000,000 shares issued and outstanding, respectively 5,000 5,000
Additional paid in capital 11,539,358 5,767,533
Accumulated deficit (14,562,711) (8,059,437)
Accumulated other comprehensive income 108,760 69,981
Total Shareholders' Deficit (2,843,855) (2,164,332)
Total Liabilities and Shareholders' Deficit $ 1,333,443 $ 1,843,177
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets (Parenthetical) - USD ($)
Jun. 30, 2018
Mar. 31, 2018
Statement of Financial Position [Abstract]    
Accumulated depreciation, property and equipment $ 252,383 $ 255,654
Ordinary stock, par value $ 0.001 $ 0.001
Ordinary stock, shares authorized 400,000,000 400,000,000
Ordinary stock, shares issued 65,738,320 52,590,654
Ordinary stock, shares outstanding 65,738,320 52,590,654
Convertible series "A" preferred stock, par value $ 0.001 $ 0.001
Convertible series "A" preferred stock, shares authorized 10,000,000 10,000,000
Convertible series "A" preferred stock, shares issued 5,000,000 5,000,000
Convertible series "A" preferred stock, shares outstanding 5,000,000 5,000,000
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]    
Revenue $ 149,203 $ 210,812
Cost of sales (exclusive of depreciation presented below) (61,820) (86,750)
Gross income 87,383 124,062
Operating Expenses    
General and administrative expenses 119,112 148,569
Salaries and benefits 70,338 84,251
Professional services- Investment advisory 438,598
Selling and distribution expenses 2,684 3,055
Depreciation 6,937 7,091
Amortization of web site development 446 381
Allowance for bad debts 100,562 30,601
Total operating expenses 738,677 273,948
Loss from operations (651,294) (149,886)
Other income (expenses):    
Gain / (Loss) on disposals 32
Other income 266 602
Bank charges (730) (994)
Exchange gain / (loss) (4,085) 6,225
Interest expense (53,939) (17,851)
Total other expenses (58,488) (11,986)
Loss before provision for income taxes (709,782) (161,872)
Provision for income taxes
Net loss $ (709,782) $ (161,872)
Net loss per common share - basic and diluted $ (0.01) $ (0.00)
Basic and Diluted Weighted Average Number of Common Shares Outstanding 56,780,570 38,567,467
Comprehensive Income / (Loss):    
(Loss) / gain on foreign currency translation $ 38,779 $ (5,962)
Net loss (709,782) (161,872)
Comprehensive Loss $ (671,003) $ (167,834)
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Loss before provision for income taxes $ (709,782) $ (161,872)
Adjustments to reconcile loss before provision for income taxes to cash provided by / (used in) operating activities:    
Depreciation 7,383 7,472
Allowance for bad debts 100,562 30,601
Gain on disposals of property and equipment (32)
Product development cost written off 19,536 27,384
Stock issued for services 51,800
Prior year adjustments 4,465
Changes in assets and liabilities:    
Accounts receivable - trade (33,000) (113,385)
Prepayments 428,669 41,587
Accounts Payable 23,802 44,272
Short term borrowing (26,578) (14,503)
Payroll, employee benefits, severance 98,675 29,763
Due to relates parties 38,264 151,105
Taxes payable 5,382 4,009
Accruals and other payables 52,695 (12,010)
Employee benefit obligation (5,554)
Deferred taxes 53
Net cash provided by / (used in) operating activities 4,519 86,244
Cash Flows used in investing activities:    
Acquisition of Property and Equipment (945)
Sale proceeds of disposal of Property and Equipment 29 282
Intangible assets (67,102) (65,426)
Net cash used in investing activities (68,018) (65,144)
Cash flows from financing activities:    
Net cash provided by financing activities
Net increase / (decrease) in cash (63,499) 21,100
Effect of exchange rate changes on cash 45,480 (752)
Cash, beginning of period 25,798 25,084
Cash, end of period 7,779 45,432
Supplemental disclosure of cash flow information:    
Cash paid for interest 22,837 16,276
Cash paid for income taxes
Supplemental disclosure of non-cash investing and financing activities:    
Common shares issued for services received 51,800
Common shares issued as a Dividend payment $ 5,784,973
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Organization and Nature of Operations
3 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Nature of Operations

Note 1 - Organization and Nature of Operations

 

Duo World Inc. (hereinafter referred to as “Successor” or “Duo”) a reporting company since September 26, 2016, was organized under the laws of the state of Nevada on September 19, 2014. Duo Software (Pvt.) Limited (hereinafter referred to as “DSSL” or “Predecessor”), a Sri Lanka based company, was incorporated on September 22, 2004, in the Democratic Socialist Republic of Sri Lanka, as a limited liability company. Duo Software (Pte.) Limited (hereinafter referred to as “DSS” or “Predecessor”), a Singapore based company, was incorporated on June 5, 2007 in the Republic of Singapore as a limited liability company. DSS also includes its wholly-owned subsidiary, Duo Software India (Private) Limited (India), which was incorporated on August 30, 2007, under the laws of India.

 

On December 3, 2014, Duo Software (Pvt.) Limited (DSSL) and Duo Software Pte. Limited (DSS) executed a reverse recapitalization with Duo World Inc. (Duo). See Note 4. Duo (Successor) is a holding company that conducts operations through its wholly owned subsidiaries, DSSL and DSS (Predecessors), in Sri Lanka, Singapore and India. The consolidated entity is referred to as the “Company.” The Company, having its development center in Colombo, has been in the space of developing products and services for the subscription-based industry. The Company’s applications (“Duo Subscribe,” “Duo Contact,” “Digin,” “Facetone,” “CloudCharge” and “SmoothFlow”) provide solutions in the space of Data Analytics, Customer Life Cycle Management, Subscriber Billing and Work Flow.

XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation
3 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation

Note 2 - Basis of Presentation

 

The Company has prepared the accompanying consolidated financial statements and accompanying notes in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). All amounts in the consolidated financial statements are stated in U.S. dollars.

 

We have recast certain prior period amounts to conform to the current period presentation, with no impact on consolidated net income or cash flows.

 

Going Concern

 

The accompanying 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 consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

 

As reflected in the accompanying consolidated financial statements, the Company had a net loss of $708,549 and $161,872 for the three months ended June 30, 2018 and 2017, respectively; net cash provided by operations of $4,507 and $86,244 for the three months ended June 30, 2018 and 2017, respectively; working capital deficit of $2,150,846 and $1,428,411 as of June 30, 2018 and March 31, 2018, respectively; outstanding statutory dues towards employee provident fund and employee trust fund of $410,089 and $388,630 as of June 30, 2018 and March 31, 2018, respectively; and a stockholders’ deficit of $2,842,610 and $2,164,332 as of June 30, 2018 and March 31, 2018, respectively.

  

Operating losses during the three months ended June 30, 2018 were mainly due to a one-time expenditure incurred for general financial advisory and investment banking services, on account of the agreement signed with Maxim Group LLC on July 3, 2017.

 

Furthermore, the Company has entered into contracts with the clients for the products launched during the fiscal year 2017-18 and our management is confident that these projects shall generate sufficient revenues to offset the operating losses in the recent future.

XML 19 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies
3 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

Note 3 - Summary of Significant Accounting Policies

 

Basis of Consolidation

 

The accompanying consolidated Financial Statements include the accounts and transactions of DSSL and DSS (Predecessors) and Duo (Successor). Duo World, Inc. is the parent company of its 100% subsidiaries, Duo Software (Pvt.) Limited (DSSL) and Duo Software Pte. Limited (DSS). Duo Software Pte. Limited is the parent company of its 100% subsidiary, Duo Software India (Private) Limited (India). All significant inter-company accounts and transactions have been eliminated in consolidation.

 

Use of Estimates and Assumptions

 

The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect 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. Making estimates and assumptions requires management to exercise significant judgment. It is least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future non-confirming events. Accordingly, the actual results could differ from those estimates and assumptions. The most significant estimates relate to the timing and amounts of revenue recognition, the recognition and disclosure of contingent liabilities and the collectability of accounts receivable.

 

Risks and Uncertainties

 

The Company’s operations are subject to significant risk and uncertainties including financial, operational, competition and potential risk of business failure. Product revenues are concentrated in the application software industry, which is highly competitive and rapidly changing. Significant technological changes in the industry or customer requirements, or the emergence of competitive products with new capabilities or technologies could adversely affect operating results.

  

Concentrations of Credit Risk

 

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains cash and cash equivalents with various high quality financial institutions and we monitor the credit ratings of those institutions. The Company’s sales are primarily to the companies located in Sri Lanka, Singapore, Indonesia and India. The Company performs ongoing credit evaluations of our customers, and the risk with respect to trade receivables is further mitigated by the diversity, both by geography and by industry, of the customer base. Accounts receivable are due principally from the companies under stated contract terms.

 

Provisions

 

A provision is recognized when the Company has present obligations because of past events. It is probable that an outflow of resources embodying economic benefits will be required to settle the obligations and reliable estimates can be made of amount of the obligation. Provisions are not discounted at their present value and are determined based on the best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

 

Accounts Receivable and Provision for Doubtful Accounts

 

The Company recognizes accounts receivable in connection with the products sold and services provided and has strong policies and procedures for the collection of receivables from its clients. However, there are inevitably occasions when the receivables due to the Company cannot be collected and, therefore, have to be written off as bad debts. While the debt collection process is being pursued, an assessment is made of the likelihood of the receivable being collectable. A provision is, therefore, made against the outstanding receivable to reflect that component that may not become collectable. The Company is in the practice of provisioning for doubtful debts based on the period outstanding as per the following:

 

Trade receivables outstanding:   Provision  
Over 24 months     100 %
Over 18 months     50 %
Over 15 months     25 %
Over 12 months     10 %
Over 9 months     5 %

 

Cash Equivalents

 

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. As of June 30, 2018 and March 31, 2018, there were no cash equivalents.

 

Foreign Currency Translation

 

The functional currencies of the Company’s foreign subsidiaries are their local currencies. For financial reporting purposes, these currencies have been translated into United States Dollars ($) and/or USD as the reporting currency. All assets and liabilities denominated in foreign functional currencies are translated into U.S. dollars at the closing exchange rate on the balance sheet date and equity balances are translated at historical rates. Revenues, costs and expenses in foreign functional currencies are translated at the average rate of exchange during the period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of shareholders’ deficit as “accumulated other comprehensive income (loss).” Gains and losses resulting from foreign currency transactions are included in the statement of operations and comprehensive income /(loss) as other income (expense).

 

Property and Equipment

 

Fixed assets (including leasehold improvements) are stated at cost, net of accumulated depreciation and amortization. Depreciation is computed utilizing the straight-line method over the estimated useful lives of the related assets. The estimated salvage value is considered as NIL. Amortization of leasehold improvements is computed utilizing the straight-line method over the estimated benefit period of the related assets, which may not exceed 15 years, or the lease term, if shorter. Repairs and maintenance expenditures, which are not considered improvements and do not extend the useful life of the property and equipment, are expensed as incurred. In case of sale or disposal of an asset, the cost and related accumulated depreciation are removed from the consolidated financial statements.

 

Useful lives of the fixed assets are as follows:

 

Furniture & Fittings   5 years
Improvements to lease hold assets   Lease term
Office equipment   5 years
Computer equipment (Data Processing Equipment)   3 years
Website development   4 years

 

Impairment of Long-Lived Assets

 

The Company reviews long-lived assets, such as property, plant, and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of by sale would be separately presented in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of a group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet.

  

Fair Value Measurements and Fair Value of Financial Instruments

 

The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability.

 

The estimated fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost bases, which approximates their fair values because of the short-term nature of these instruments.

 

Post Retirement Benefit Plan

 

The Company has gratuity as it post-employment plan for all the eligible employees. The recognition for the gratuity plan is as below:

 

The expected post-retirement benefit obligation (“EPBO”) is the actuarial present value (“APV”) as of a specific date of the benefits expected to be paid to the employee, beneficiaries, and covered dependents.

 

Measurement of the EPBO is based on the following:

 

1. Expected amount and timing of future benefits

 

2. Expected future costs

 

3. Extent of cost sharing

 

The EPBO includes an assumed salary progression for a pay-related plan. Future compensation levels represent the best estimate after considering the individual employees involved, general price levels, seniority, productivity, promotions, indirect effects, and the like.

 

The accumulated post-retirement benefit obligation (“APBO”) is the APV as of a specific date of all future benefits attributable to service by an employee to that date. It represents the portion of the EPBO earned to date. After full eligibility is attained, the APBO equals the EPBO. The APBO also includes an assumed salary progression for a pay-related plan.

 

Revenue Recognition, Deferred & Accrued Revenue

 

The Company recognizes revenue from the sale of software licenses and related services. The Company’s revenue recognition policy follows guidance from Accounting Standards Codification(“ASC”) 606, Revenue from contracts with customers. Revenue is recognized when the Company transfers promised goods and services to the customer and in the amount that reflects the consideration to which the Company expected to be entitled in exchange for those goods and services.

 

The following five steps are applied in recognizing revenue from contracts:

 

  Identify the contract, or contract with the customer;
     
  Identify the performance obligation of the contract;
     
  Determine the transaction price;
     
  Allocate the transaction price to the performance obligations in the contract; and
     
  Recognize revenue when or as the Company satisfies a performance obligation.

  

The Company typically licenses its products on a per server, per user basis with the price per customer varying based on the selection of the products licensed, the number of site installations and the number of authorized users. Currently, Duo is offering two products from which it generates its revenue they are “Duo Subscribe” and “Facetone.” Duo sells its software license along with software implementation and annual maintenance services under an agreement with various clients. The Company raises invoice on key milestone basis, as defined in the agreement and recognizes revenue after satisfying the performance obligations. Revenues from consulting and training services are typically recognized as the services are performed.

 

The Company offers annual maintenance programs on its licenses that provide for technical support and updates to the Company’s software products. Initial Annual Maintenance fees are bundled with license fees in the initial licensing period and recognized when the performance obligation of license fee is met. However, subsequent renewals of annual maintenance are charged separately for renewals. Fair value for maintenance is based upon either renewal rates stated in the contracts or separate sales of renewals to customers. Revenue is recognized ratably, or daily, over the term of the maintenance period, which is typically one year.

 

For the three months ended June 30, 2018 and 2017, the Company received only cash as consideration for sale of licenses and related services rendered.

 

For the three months ended June 30, 2018 and 2017, the Company had the following concentrations of revenues with customers:

 

Customer   June 30, 2018     June 30, 2017  
             
DEN Networks     51.33 %     51.88 %
LOLC     26.17 %     0.00 %
Mediatama     8.37 %     1.58 %
Meghbela     3.74 %     2.90 %
Topas TV     2.58 %     7.52 %
Sri Lanka Telecom     2.29 %     1.29 %
Commercial Bank     1.04 %     12.21 %
Bank of Ceylon     1.07 %     8.49 %
Development services     0.00 %     7.26 %
Other misc. customers     3.41 %     6.87 %
      100.00 %     100.00 %

 

For the years ended June 30, 2018 and 2017, the Company had the following sales by products:

 

Product   June 30, 2018     June 30, 2017  
             
Duo Subscriber   $ 82,480     $ 138,342  
Facetone     60,648       54,445  
Software hosting and reselling     6,075       2,719  
Development Services     -       15,306  
    $ 149,203     $ 210,812  

 

Significant Judgments

 

The Company’s contract with customers includes multiple software products and services to deliver and in most of the contracts, the price of the separately identifiable features are stated separately. In the event the price of the multiple product and services are not mentioned in the agreement, the Company allocates transaction price estimating the standalone selling price of the promised products and the services. The determination of standalone selling price for each performance obligation requires judgments. The Company determines standalone selling price for performance obligations based on overall pricing strategies, which consider the market in which the Company operates, historical data analysis, number of users of the product or services, size of the customer and the market price of the hardware used.

 

Contract Balances

 

When the timing of revenue recognition differs from the timing of invoicing for contracts with customers deferred revenue and accrued revenue/ unbilled accounts receivables recognized by the Company. Revenue under Software Implementation contracts are invoiced on stages of completion as stipulated in the agreement and the revenue recognized when the performance obligations are met and the customer signs the user acceptance test (UAT). The Company invoices software license fees and royalty fees at the end of the period according to the customer agreement and accrued revenue/unbilled revenue recognized for the relevant period. The maintenance fee is invoiced beginning of the period and the Company recognizes as deferred revenue in the financial statements.

 

The Company recognized $46,324 in revenue as at June 30, 2018 from the contract with LOLC as the performance obligations are completed in this year, and has a contract balance of $133,061 from the same customer as at June 30, 2018. The Company is waiting for the customer confirmation to deliver the balance of product and services.

 

Refer to Note- 5 for “Accounts receivables and Provision for doubtful debts”

 

Segment Information

 

The Company has determined that its Chief Executive Officer is its Chief Operating Decision Maker. The Company’s Chief Executive Officer reviews financial information presented on a consolidated basis for the purposes of assessing the performance and making decisions on how to allocate resources. Accordingly, the Company has determined that it operates in a single reportable segment.

 

Deferred Revenue - Deferred revenue represents advance payments for software licenses, services, and maintenance billed in advance of the time revenue is recognized. As at March 31, 2018, there were no deferred revenue recognized and as at June 30, 2018, deferred revenue recognized was $14,074.

 

 

Accrued Revenue/Unbilled Accounts Receivable - Accrued revenue/Unbilled accounts receivable primarily occur due to the timing of the respective billings, which occur subsequent to the end of each reporting period. As at June 30, 2018 and March 31, 2018 unbilled/accrued revenues were $122,561 and $148,714, respectively.

 

The Company had no contract liabilities and asset recognized for cost to fulfill a requirement of a customer as at June 30, 2018.

 

Cost of Revenue

 

Cost of Revenue mainly includes purchases, product implementation costs, amortization of product development, developer support and implementation, and consultancy fees related to the products offered by Duo. The aggregate cost related to the software implementations, including support and consulting services pertaining to the revenue recognized during the reporting period, is recognized as Cost of Revenue.

 

Product research and development

 

Product research and development expenses consist primarily of salary and benefits for the Company’s development and technical support staff, contractors’ fees and other costs associated with the enhancements of existing products and services and development of new products and services. Costs incurred for software development prior to technological feasibility are expensed as product research and development costs in the period incurred. Once the point of technological feasibility is reached, which is generally upon the completion of a working prototype that has no critical bugs and is a release candidate, development costs are capitalized until the product is ready for general release and are classified within “Intangibles assets” in the accompanying consolidated balance sheets. The Company amortizes capitalized software development costs using the greater of the ratio of the products’ current gross revenues to the total of current gross revenues and expected gross revenues or on a straight-line basis over the estimated economic life of the related product, which is typically four years.

 

During the three months ended June 30, 2018 and 2017, product research and development cost of $67,102 and $$65,426, respectively, were capitalized as “Intangible assets.”

 

Advertising Costs

 

The Company expenses advertising costs as incurred. No advertising expenses were incurred during the three months ended June 30, 2018 and 2017.

 

Income Taxes

 

The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 

Comprehensive Income

 

The Comprehensive Income Topic of the FASB Accounting Standards Codification establishes standards for reporting and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income from April 1, 2015 through March 31, 2018, includes only foreign currency translation gains (losses), and is presented in the Company’s consolidated statements of comprehensive income.

 

Changes in Accumulated Other Comprehensive Income (Loss) by Component during the periods ending on June 30, 2018 and March 31, 2018, were as follows:

 

Foreign Currency Translation gains (losses)      
       
Balance, March 31, 2017   $ 112,761  
Translation rate gain (loss)     (42,780 )
Balance, March 31, 2018   $ 69,981  
Translation rate gain (loss)     38,779  
Balance, June 30, 2018   $ 108,760  

 

Recent Accounting Pronouncements

 

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers: Topic 606 and issued subsequent amendments to the initial guidance in August 2015, March 2016, April 2016, May 2016, September 2017 and November 2017 within ASU 2015-04, ASU 2016-08, ASU 2016-10 and ASU 2016-12, ASU 2017-13 and ASU 2017-14, respectively (collectively, Topic 606). Topic 606 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers and will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. Topic 606 defines a five-step process to achieve this core principle and, in doing so, more judgment and estimates will be required within the revenue recognition process than are required under current GAAP (Accounting Standards Codification 605). Topic 606 is effective for the Company’s annual and interim reporting periods beginning January 1, 2018 (“effective date”).

 

The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The Company adopted the new standard effective January 1, 2018 using the modified retrospective method.

 

The Company has adopted implementation of ASC 606 with effect from April 1, 2018 as a result of it $0.21 million impact which was provided as at March 31, 2018 has been reversed.

XML 20 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
Reverse Recapitalization
3 Months Ended
Jun. 30, 2018
Reverse Recapitalization  
Reverse Recapitalization

Note 4 – Reverse Recapitalization

 

Duo (Successor) merged with DSSL (Predecessors) on December 3, 2014, and merged with DSS (Predecessors) on December 3, 2014 (Predecessors), and DSSL and DSS became the surviving corporations, in a transaction treated as a reverse recapitalization. Duo did not have any material operations and majority-voting control was transferred to DSSL.

 

In the recapitalization, Duo issued 28,000,000 shares of common stock, 5,000,000 series “A” preferred shares and $310,000 in cash in exchange for all of DSSL’s 5,000,000 issued and outstanding shares of common stock. Duo also issued 2,000,000 shares of common stock in exchange for all of DSS’s 10,000 issued and outstanding shares of common stock. The transaction resulted in DSSL’s shareholder and DSS’s shareholder acquiring approximately 100% control.

 

The transaction also required a recapitalization of DSSL and DSS. Since DSSL and DSS acquired a controlling voting interest, they were deemed the accounting acquirer, while Duo was deemed the legal acquirer. The historical financial statements of the Company are those of combined financial statements of DSSL & DSS and of the consolidated entities from the date of recapitalization and subsequent.

 

Since the transaction is considered a reverse recapitalization, the presentation of pro-forma financial information was not required. All share and per share amounts have been retroactively restated to the earliest periods presented to reflect the transaction.

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accounts Receivable
3 Months Ended
Jun. 30, 2018
Accounts Receivable, Net [Abstract]  
Accounts Receivable

Note 5 – Accounts Receivable

 

The following is a summary of accounts receivable as at June 30, 2018 and March 31, 2018;

 

    June 30, 2018     March 31, 2018  
Accounts receivable – Trade   $ 606,818     $ 576,775  
Less: Provision for doubtful debts     (305,148 )     (207,543 )
    $ 301,670     $ 369,232  


 

As at June 30, 2018 and March 31, 2018, the Company had the following concentrations of accounts receivables with customers:

 

Customer   June 30, 2018     March 31, 2018  
Megamedia     39.47 %     56.37 %
Topas     17.73 %     14.83 %
Commercial Bank     8.95 %     7.85 %
LOLC     7.75 %     0.00 %
DEN Networks     5.81 %     1.86 %
Development Services     5.52 %     5.04 %
Bank of Ceylon     5.24 %     4.61 %
Meghbela     3.88 %     2.05 %
Other receivables     5.63 %     7.39 %
      100.00 %     100.00 %

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
Prepaid Expenses and Other Current Assets
3 Months Ended
Jun. 30, 2018
Prepaid Expense and Other Assets, Current [Abstract]  
Prepaid Expenses and Other Current Assets

Note 6 – Prepaid Expenses and Other Current Assets

 

The following is a summary of prepaid expenses and other current assets as at June 30, 2018 and March 31, 2018;

 

    June 30, 2018     March 31, 2018  
Security deposits   $ 67,441     $ 67,348  
ESC receivable     9,378       5,688  
OTCQB Annual Fee     9,000       -  
Prepayments     490       1,370  
Supplier advance     134       136  
Prepayment for other professional services     -       438,598  
Insurance prepayment     -       1,160  
Other receivables     7,888       8,700  
    $ 94,331     $ 523,000  

 

During the year ended March 31, 2018, the Company has written off WHT receivables of $189,121 as the recoverability of the WHT asset is uncertain.

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Property and Equipment
3 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 7– Property and Equipment

 

The following table illustrates net book value of property and equipment as at June 30, 2018 and March 31, 2018;

 

    June 30, 2018     March 31, 2018  
Office equipment   $ 2,015     $ 2,054  
Furniture & fittings     136,136       138,752  
Computer equipment (Data Processing Equipment)     119,595       122,443  
Improvements to lease hold assets     20,821       21,221  
Website Development     14,427       14,678  
      292,994       299,148  
Accumulated depreciation and amortization     (252,383     (255,654
Net fixed assets   $ 40,611     $ 43,494  

 

Depreciation and amortization expense for the three months ended June 30, 2018 and 2017 was $7,383 and $7,472, respectively.

 

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
Intangible Assets
3 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 8 – Intangible assets

 

Intangible assets are comprised of capitalization of certain costs pertaining to product development, which meets the criteria as set forth above under Note 3. The following table illustrates the movement in intangible assets as at June 30, 2018 and March 31, 2018:

 

    June 30, 2018     March 31, 2018  
Opening Balance   $ 732,939     $ 580,899  
Add: Costs capitalized during the year     67,102       277,812  
Less: Amount Written-off     (19,536 )     (113,363 )
Translational gain     (14,014 )     (12,409 )
Net Intangible Assets   $ 766,491     $ 732,939  

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
Short-term Borrowings
3 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Short-term Borrowings

Note 9 – Short-term borrowings

 

The following is a summary of short-term borrowings as at June 30, 2018 and March 31, 2018;

 

    June 30, 2018     March 31, 2018  
PAN Asia Bank – Short term overdraft   $ 441,623     $ 440,609  
PAN Asia Bank – Loan     134,914       162,636  
Commercial bank     62,202       53,571  
Senkadagala Finance     24,822       33,323  
    $ 663,561     $ 690,139  

 

Bank overdraft facility, obtained from Pan Asia Banking Corporation PLC, contains an interest rate of 15.25% per annum up to $ 235,244 and 15.86% per annum up to $425,821.

XML 26 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
Due to Related Parties
3 Months Ended
Jun. 30, 2018
Related Party Transactions [Abstract]  
Due to Related Parties

Note 10 – Due to Related Parties

 

Due to Related Parties – Short term

 

From time to time, the Company receives advances from related parties such as management, directors or principal shareholders in the normal course of business. Loans and advances received from related parties are unsecured and non-interest bearing. Balances outstanding to these persons for less than 12 months are presented under current liabilities in the accompanying consolidated financial statements. As of June 30, 2018 and March 31, 2018, the Company owed directors $563,219 and $524,955, respectively.

 

Due to Related Parties – Long term

 

Balances outstanding to related parties for more than 12 months are presented under long-term liabilities in the accompanying consolidated financial statements. As of June 30, 2018 and March 31, 2018, the Company owed directors $1,344,464 and $1,348,193, respectively.

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
Taxes Payables
3 Months Ended
Jun. 30, 2018
Taxes Payable [Abstract]  
Taxes Payables

Note 11 – Taxes Payable

 

The taxes payable is comprised of items listed below as at June 30, 2018 and March 31, 2018;

 

    June 30, 2018     March 31, 2018  
PAYE   $ 127,295     $ 117,805  
Stamp Duty Payable     29       34  
Tax payable     4,774       8,877  
    $ 132,098     $ 126,716  

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accruals and Other Payables
3 Months Ended
Jun. 30, 2018
Payables and Accruals [Abstract]  
Accruals and Other Payables

Note 12 – Accruals and Other Payables

 

The following is a summary of accruals and other payables as at June 30, 2018 and March 31, 2018;

 

    June 30, 2018     March 31, 2018  
Audit fee payable   $ 17,005     $ 22,260  
Accruals     17,215       29,128  
Other payables     117,224       78,745  
Accrued interest     4,762       1,417  
    $ 156,206     $ 131,550  

XML 29 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Cost of Revenue
3 Months Ended
Jun. 30, 2018
Cost of Revenue [Abstract]  
Cost of Revenue

Note 13 – Cost of Revenue

 

The following is the summary of cost of revenue for the three months ending June 30, 2018 and 2017;

 

    June 30, 2018     June 30, 2017  
Purchases   $ 9,613     $ 11,252  
Implementation cost     9,986       9,202  
Product development cost written off     19,536       27,384  
Consultancy, contract basis employee cost     -       6,825  
Support services     20,519       17,206  
Other external Services     25       3,250  
Cost of development services     2,141       11,631  
    $ 61,820     $ 86,750  

XML 30 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
General and Administrative Expenses
3 Months Ended
Jun. 30, 2018
General And Administrative Expenses  
General and Administrative Expenses

Note 14 – General and Administrative Expenses

 

The following is the summary of general and administrative expenses for the three months ending June 30, 2018 and 2017;

 

    June 30, 2018     June 30, 2017  
Directors remuneration   $ 37,067     $ 38,123  
EPF     8,902       11,078  
ETF     2,226       2,769  
Vehicle allowance     9,196       9,457  
Office rent     14,256       18,701  
Electricity charges     3,201       3,796  
Office maintenance     3,032       2,987  
Telephone charges     2,347       2,573  
Audit fees     2,643       3,178  
Staff welfare     1,955       3,907  
Computer maintenance     1,446       1,726  
Professional fees     1,290       5,010  
Legal Fee     4,500       1,500  
Internet charges     2,989       3,309  
Irrecoverable tax     8,678       10,087  
Software Rentals     4,469       7,526  
Other professional services     2,373       2,244  
OTC market Fees     3,000       -  
Transfer agent fees     2,175       450  
Gratuity     -       3,640  
Printing and stationery     154       266  
Office expenses     358       551  
Courier and postage     238       84  
Security charges     500       1,005  
Insurance expense     -       525  
Travelling expense     560       776  
Secretarial fees     169       186  
Consulting Fee     -       8,550  
Penalties / Late payment charges     814       -  
Filling fee and subscription     395       2,860  
Stamp duty expenses     6       493  
Other expenses     173       1,212  
    $ 119,112     $ 148,569  

XML 31 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
Selling and Distribution Expenses
3 Months Ended
Jun. 30, 2018
Selling And Distribution Expenses  
Selling and Distribution Expenses

Note 15 – Selling and Distribution Expenses

 

The following is the summery of selling and distribution expenses for the three months ending June 30, 2018 and 2017;

 

    June 30, 2018     June 30, 2017  
Vehicle hire charges   $ 1,517     $ 1,560  
Vehicle running expense     1,138       1,170  
Travel expenses     29       -  
Marketing expenses     -       325  
    $ 2,684     $ 3,055  

XML 32 R21.htm IDEA: XBRL DOCUMENT v3.10.0.1
Equity
3 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Equity

Note 17 - Equity

 

(A) Common Stock

 

As at June 30, 2018, the Company had 400,000,000 authorized common shares having a par value of $0. 001. The ordinary shares have been designated with the following rights:

 

  ●  Voting rights: Common shareholders can attend at annual general meeting to cast vote or use a proxy.
     
  Right to elect board of directors: Common shareholders control the Company through their right to elect the company’s board of directors.
     
  Right to share income and assets: Common shareholders have the right to share company’s earnings equally on a per-share basis in the form of dividend. Similarly, in the event of liquidation, shareholders have claim on assets that remain after meeting the obligation to accrued taxes, accrued salary and wages, creditors including bondholders (if any) and preferred shareholders. Thus, common shareholders are residual claimants of the company’s income and assets.

  

During the three months ended June 30, 2018, the Company issued following common shares:

 

Date   Type   No. of Shares     Valuation  
06/30/2017   Stock issued as a Dividend payment     13,147,666     $ 5,784,973  
                $ 5,784,973  

 

(B) Preferred Stock

 

As at June 30, 2018, the Company had 10,000,000 authorized series “A” preferred shares having a par value of $0.001 per share.

 

The preferred shares have been designated with the following conversion rights:

 

  ●  One preferred share will convert into ten (10) common shares no earlier than 24 months and 1 day after the issuance.

XML 33 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies
3 Months Ended
Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 18 - Commitments and Contingencies

 

The Company consults with legal counsel on matters related to litigation and other experts both within and outside the Company with respect to matters in the ordinary course of business. The Company does not have any contingent liabilities in respect of legal claims arising in the ordinary course of business.

 

Duo entered into a lease commitment for its Sri Lanka office amounting to $114,890 with Happy Building Management Company for a period of 3 years. Duo entered in to another lease commitment for its Indian office amounting to $1,189 on April 1, 2018 with Regus Office Center Services Pvt Limited for a period of 1 year.

 

Guarantees provided by the company existed on the balance sheet date are as follows:

 

Date   Description   Amount  
9/23/2011   Performance Bond for BOC Tender   $               9,587  
5/15/2013   Guarantee for Lanka Clear     2,014  
7/31/2014   Guarantee for SLT     543  
8/10/2015   Guarantee for LOLC     1,532  
1/25/2018   Security deposit- Senkadagala Finance     47,871  
5/23/2018   Rent deposit for Delhi apartment     1,480  
        $ 63,027  

XML 34 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Subsequent Events
3 Months Ended
Jun. 30, 2018
Subsequent Events [Abstract]  
Subsequent Events

Note 19 - Subsequent Events

 

On July 27, 2018, Duo World, Inc. filed an Amendment to its Certificate of Designation of its Series A Preferred Stock with the Secretary of State of Nevada. This amendment reduced the number of shares of Series A Preferred Stock from 10,000,000 to 5,000,000 and returned 5,000,000 treasury shares of Series A Preferred Stock to the status of authorized, but unissued, Preferred Stock, par value $0.001 per share.

XML 35 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
General
3 Months Ended
Jun. 30, 2018
General  
General

Note 20 - General

 

Figures have been rounded off to the nearest dollar and the comparative figures have been re-arranged / reclassified, wherever necessary, to facilitate comparison.

XML 36 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Policies)
3 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Basis of Consolidation

Basis of Consolidation

 

The accompanying consolidated Financial Statements include the accounts and transactions of DSSL and DSS (Predecessors) and Duo (Successor). Duo World, Inc. is the parent company of its 100% subsidiaries, Duo Software (Pvt.) Limited (DSSL) and Duo Software Pte. Limited (DSS). Duo Software Pte. Limited is the parent company of its 100% subsidiary, Duo Software India (Private) Limited (India). All significant inter-company accounts and transactions have been eliminated in consolidation.

Use of Estimates and Assumptions

Use of Estimates and Assumptions

 

The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect 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. Making estimates and assumptions requires management to exercise significant judgment. It is least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future non-confirming events. Accordingly, the actual results could differ from those estimates and assumptions. The most significant estimates relate to the timing and amounts of revenue recognition, the recognition and disclosure of contingent liabilities and the collectability of accounts receivable.

Risks and Uncertainties

Risks and Uncertainties

 

The Company’s operations are subject to significant risk and uncertainties including financial, operational, competition and potential risk of business failure. Product revenues are concentrated in the application software industry, which is highly competitive and rapidly changing. Significant technological changes in the industry or customer requirements, or the emergence of competitive products with new capabilities or technologies could adversely affect operating results.

Concentrations of Credit Risk

Concentrations of Credit Risk

 

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains cash and cash equivalents with various high quality financial institutions and we monitor the credit ratings of those institutions. The Company’s sales are primarily to the companies located in Sri Lanka, Singapore, Indonesia and India. The Company performs ongoing credit evaluations of our customers, and the risk with respect to trade receivables is further mitigated by the diversity, both by geography and by industry, of the customer base. Accounts receivable are due principally from the companies under stated contract terms.

Provisions

Provisions

 

A provision is recognized when the Company has present obligations because of past events. It is probable that an outflow of resources embodying economic benefits will be required to settle the obligations and reliable estimates can be made of amount of the obligation. Provisions are not discounted at their present value and are determined based on the best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

Accounts Receivable and Provision for Doubtful Accounts

Accounts Receivable and Provision for Doubtful Accounts

 

The Company recognizes accounts receivable in connection with the products sold and services provided and has strong policies and procedures for the collection of receivables from its clients. However, there are inevitably occasions when the receivables due to the Company cannot be collected and, therefore, have to be written off as bad debts. While the debt collection process is being pursued, an assessment is made of the likelihood of the receivable being collectable. A provision is, therefore, made against the outstanding receivable to reflect that component that may not become collectable. The Company is in the practice of provisioning for doubtful debts based on the period outstanding as per the following:

 

Trade receivables outstanding:   Provision  
Over 24 months     100 %
Over 18 months     50 %
Over 15 months     25 %
Over 12 months     10 %
Over 9 months     5 %

Cash Equivalents

Cash Equivalents

 

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. As of June 30, 2018 and March 31, 2018, there were no cash equivalents.

Foreign Currency Translation

Foreign Currency Translation

 

The functional currencies of the Company’s foreign subsidiaries are their local currencies. For financial reporting purposes, these currencies have been translated into United States Dollars ($) and/or USD as the reporting currency. All assets and liabilities denominated in foreign functional currencies are translated into U.S. dollars at the closing exchange rate on the balance sheet date and equity balances are translated at historical rates. Revenues, costs and expenses in foreign functional currencies are translated at the average rate of exchange during the period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of shareholders’ deficit as “accumulated other comprehensive income (loss).” Gains and losses resulting from foreign currency transactions are included in the statement of operations and comprehensive income /(loss) as other income (expense).

Property and Equipment

Property and Equipment

 

Fixed assets (including leasehold improvements) are stated at cost, net of accumulated depreciation and amortization. Depreciation is computed utilizing the straight-line method over the estimated useful lives of the related assets. The estimated salvage value is considered as NIL. Amortization of leasehold improvements is computed utilizing the straight-line method over the estimated benefit period of the related assets, which may not exceed 15 years, or the lease term, if shorter. Repairs and maintenance expenditures, which are not considered improvements and do not extend the useful life of the property and equipment, are expensed as incurred. In case of sale or disposal of an asset, the cost and related accumulated depreciation are removed from the consolidated financial statements.

 

Useful lives of the fixed assets are as follows:

 

Furniture & Fittings   5 years
Improvements to lease hold assets   Lease term
Office equipment   5 years
Computer equipment (Data Processing Equipment)   3 years
Website development   4 years

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

 

The Company reviews long-lived assets, such as property, plant, and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of by sale would be separately presented in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated. The assets and liabilities of a group classified as held for sale would be presented separately in the appropriate asset and liability sections of the balance sheet.

Fair Value Measurements and Fair Value of Financial Instruments

Fair Value Measurements and Fair Value of Financial Instruments

 

The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability.

 

The estimated fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost bases, which approximates their fair values because of the short-term nature of these instruments.

Post Retirement Benefit Plan

Post Retirement Benefit Plan

 

The Company has gratuity as it post-employment plan for all the eligible employees. The recognition for the gratuity plan is as below:

 

The expected post-retirement benefit obligation (“EPBO”) is the actuarial present value (“APV”) as of a specific date of the benefits expected to be paid to the employee, beneficiaries, and covered dependents.

 

Measurement of the EPBO is based on the following:

 

1. Expected amount and timing of future benefits

 

2. Expected future costs

 

3. Extent of cost sharing

 

The EPBO includes an assumed salary progression for a pay-related plan. Future compensation levels represent the best estimate after considering the individual employees involved, general price levels, seniority, productivity, promotions, indirect effects, and the like.

 

The accumulated post-retirement benefit obligation (“APBO”) is the APV as of a specific date of all future benefits attributable to service by an employee to that date. It represents the portion of the EPBO earned to date. After full eligibility is attained, the APBO equals the EPBO. The APBO also includes an assumed salary progression for a pay-related plan.

Revenue Recognition, Deferred & Accrued Revenue

Revenue Recognition, Deferred & Accrued Revenue

 

The Company recognizes revenue from the sale of software licenses and related services. The Company’s revenue recognition policy follows guidance from Accounting Standards Codification(“ASC”) 606, Revenue from contracts with customers. Revenue is recognized when the Company transfers promised goods and services to the customer and in the amount that reflects the consideration to which the Company expected to be entitled in exchange for those goods and services.

 

The following five steps are applied in recognizing revenue from contracts:

 

  Identify the contract, or contract with the customer;
     
  Identify the performance obligation of the contract;
     
  Determine the transaction price;
     
  Allocate the transaction price to the performance obligations in the contract; and
     
  Recognize revenue when or as the Company satisfies a performance obligation.

  

The Company typically licenses its products on a per server, per user basis with the price per customer varying based on the selection of the products licensed, the number of site installations and the number of authorized users. Currently, Duo is offering two products from which it generates its revenue they are “Duo Subscribe” and “Facetone.” Duo sells its software license along with software implementation and annual maintenance services under an agreement with various clients. The Company raises invoice on key milestone basis, as defined in the agreement and recognizes revenue after satisfying the performance obligations. Revenues from consulting and training services are typically recognized as the services are performed.

 

The Company offers annual maintenance programs on its licenses that provide for technical support and updates to the Company’s software products. Initial Annual Maintenance fees are bundled with license fees in the initial licensing period and recognized when the performance obligation of license fee is met. However, subsequent renewals of annual maintenance are charged separately for renewals. Fair value for maintenance is based upon either renewal rates stated in the contracts or separate sales of renewals to customers. Revenue is recognized ratably, or daily, over the term of the maintenance period, which is typically one year.

 

For the three months ended June 30, 2018 and 2017, the Company received only cash as consideration for sale of licenses and related services rendered.

 

For the three months ended June 30, 2018 and 2017, the Company had the following concentrations of revenues with customers:

 

Customer   June 30, 2018     June 30, 2017  
             
DEN Networks     51.33 %     51.88 %
LOLC     26.17 %     0.00 %
Mediatama     8.37 %     1.58 %
Meghbela     3.74 %     2.90 %
Topas TV     2.58 %     7.52 %
Sri Lanka Telecom     2.29 %     1.29 %
Commercial Bank     1.04 %     12.21 %
Bank of Ceylon     1.07 %     8.49 %
Development services     0.00 %     7.26 %
Other misc. customers     3.41 %     6.87 %
      100.00 %     100.00 %

 

For the years ended June 30, 2018 and 2017, the Company had the following sales by products:

 

Product   June 30, 2018     June 30, 2017  
             
Duo Subscriber   $ 82,480     $ 138,342  
Facetone     60,648       54,445  
Software hosting and reselling     6,075       2,719  
Development Services     -       15,306  
    $ 149,203     $ 210,812  

 

Significant Judgments

 

The Company’s contract with customers includes multiple software products and services to deliver and in most of the contracts, the price of the separately identifiable features are stated separately. In the event the price of the multiple product and services are not mentioned in the agreement, the Company allocates transaction price estimating the standalone selling price of the promised products and the services. The determination of standalone selling price for each performance obligation requires judgments. The Company determines standalone selling price for performance obligations based on overall pricing strategies, which consider the market in which the Company operates, historical data analysis, number of users of the product or services, size of the customer and the market price of the hardware used.

 

Contract Balances

 

When the timing of revenue recognition differs from the timing of invoicing for contracts with customers deferred revenue and accrued revenue/ unbilled accounts receivables recognized by the Company. Revenue under Software Implementation contracts are invoiced on stages of completion as stipulated in the agreement and the revenue recognized when the performance obligations are met and the customer signs the user acceptance test (UAT). The Company invoices software license fees and royalty fees at the end of the period according to the customer agreement and accrued revenue/unbilled revenue recognized for the relevant period. The maintenance fee is invoiced beginning of the period and the Company recognizes as deferred revenue in the financial statements.

 

The Company recognized $46,324 in revenue as at June 30, 2018 from the contract with LOLC as the performance obligations are completed in this year, and has a contract balance of $133,061 from the same customer as at June 30, 2018. The Company is waiting for the customer confirmation to deliver the balance of product and services.

 

Refer to Note- 5 for “Accounts receivables and Provision for doubtful debts”

 

Segment Information

 

The Company has determined that its Chief Executive Officer is its Chief Operating Decision Maker. The Company’s Chief Executive Officer reviews financial information presented on a consolidated basis for the purposes of assessing the performance and making decisions on how to allocate resources. Accordingly, the Company has determined that it operates in a single reportable segment.

 

Deferred Revenue - Deferred revenue represents advance payments for software licenses, services, and maintenance billed in advance of the time revenue is recognized. As at March 31, 2018, there were no deferred revenue recognized and as at June 30, 2018, deferred revenue recognized was $14,074.

 

 

Accrued Revenue/Unbilled Accounts Receivable - Accrued revenue/Unbilled accounts receivable primarily occur due to the timing of the respective billings, which occur subsequent to the end of each reporting period. As at June 30, 2018 and March 31, 2018 unbilled/accrued revenues were $122,561 and $148,714, respectively.

 

The Company had no contract liabilities and asset recognized for cost to fulfill a requirement of a customer as at June 30, 2018.

Cost of Revenue

Cost of Revenue

 

Cost of Revenue mainly includes purchases, product implementation costs, amortization of product development, developer support and implementation, and consultancy fees related to the products offered by Duo. The aggregate cost related to the software implementations, including support and consulting services pertaining to the revenue recognized during the reporting period, is recognized as Cost of Revenue.

Product Research and Development

Product research and development

 

Product research and development expenses consist primarily of salary and benefits for the Company’s development and technical support staff, contractors’ fees and other costs associated with the enhancements of existing products and services and development of new products and services. Costs incurred for software development prior to technological feasibility are expensed as product research and development costs in the period incurred. Once the point of technological feasibility is reached, which is generally upon the completion of a working prototype that has no critical bugs and is a release candidate, development costs are capitalized until the product is ready for general release and are classified within “Intangibles assets” in the accompanying consolidated balance sheets. The Company amortizes capitalized software development costs using the greater of the ratio of the products’ current gross revenues to the total of current gross revenues and expected gross revenues or on a straight-line basis over the estimated economic life of the related product, which is typically four years.

 

During the three months ended June 30, 2018 and 2017, product research and development cost of $67,102 and $$65,426, respectively, were capitalized as “Intangible assets.”

Advertising Costs

Advertising Costs

 

The Company expenses advertising costs as incurred. No advertising expenses were incurred during the three months ended June 30, 2018 and 2017.

Income Taxes

Income Taxes

 

The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Comprehensive Income

Comprehensive Income

 

The Comprehensive Income Topic of the FASB Accounting Standards Codification establishes standards for reporting and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income from April 1, 2015 through March 31, 2018, includes only foreign currency translation gains (losses), and is presented in the Company’s consolidated statements of comprehensive income.

 

Changes in Accumulated Other Comprehensive Income (Loss) by Component during the periods ending on June 30, 2018 and March 31, 2018, were as follows:

 

Foreign Currency Translation gains (losses)      
       
Balance, March 31, 2017   $ 112,761  
Translation rate gain (loss)     (42,780 )
Balance, March 31, 2018   $ 69,981  
Translation rate gain (loss)     38,779  
Balance, June 30, 2018   $ 108,760  

Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers: Topic 606 and issued subsequent amendments to the initial guidance in August 2015, March 2016, April 2016, May 2016, September 2017 and November 2017 within ASU 2015-04, ASU 2016-08, ASU 2016-10 and ASU 2016-12, ASU 2017-13 and ASU 2017-14, respectively (collectively, Topic 606). Topic 606 requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers and will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. Topic 606 defines a five-step process to achieve this core principle and, in doing so, more judgment and estimates will be required within the revenue recognition process than are required under current GAAP (Accounting Standards Codification 605). Topic 606 is effective for the Company’s annual and interim reporting periods beginning January 1, 2018 (“effective date”).

 

The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The Company adopted the new standard effective January 1, 2018 using the modified retrospective method.

 

The Company has adopted implementation of ASC 606 with effect from April 1, 2018 as a result of it $0.21 million impact which was provided as at March 31, 2018 has been reversed.

XML 37 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Schedule of Provision for Doubtful Debts Based On Period Outstanding

The Company is in the practice of provisioning for doubtful debts based on the period outstanding as per the following:

 

Trade receivables outstanding:   Provision  
Over 24 months     100 %
Over 18 months     50 %
Over 15 months     25 %
Over 12 months     10 %
Over 9 months     5 %

Schedule of Estimated Useful Lives of Fixed Assets

Useful lives of the fixed assets are as follows:

 

Furniture & Fittings   5 years
Improvements to lease hold assets   Lease term
Office equipment   5 years
Computer equipment (Data Processing Equipment)   3 years
Website development   4 years

Schedule of Concentrations of Revenue

For the three months ended June 30, 2018 and 2017, the Company had the following concentrations of revenues with customers:

 

Customer   June 30, 2018     June 30, 2017  
             
DEN Networks     51.33 %     51.88 %
LOLC     26.17 %     0.00 %
Mediatama     8.37 %     1.58 %
Meghbela     3.74 %     2.90 %
Topas TV     2.58 %     7.52 %
Sri Lanka Telecom     2.29 %     1.29 %
Commercial Bank     1.04 %     12.21 %
Bank of Ceylon     1.07 %     8.49 %
Development services     0.00 %     7.26 %
Other misc. customers     3.41 %     6.87 %
      100.00 %     100.00 %

Schedule of Sales by Products

For the years ended June 30, 2018 and 2017, the Company had the following sales by products:

 

Product   June 30, 2018     June 30, 2017  
             
Duo Subscriber   $ 82,480     $ 138,342  
Facetone     60,648       54,445  
Software hosting and reselling     6,075       2,719  
Development Services     -       15,306  
    $ 149,203     $ 210,812  

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated Other Comprehensive Income (Loss) by Component during the periods ending on June 30, 2018 and March 31, 2018, were as follows:

 

Foreign Currency Translation gains (losses)      
       
Balance, March 31, 2017   $ 112,761  
Translation rate gain (loss)     (42,780 )
Balance, March 31, 2018   $ 69,981  
Translation rate gain (loss)     38,779  
Balance, June 30, 2018   $ 108,760  

XML 38 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accounts Receivable (Tables)
3 Months Ended
Jun. 30, 2018
Accounts Receivable, Net [Abstract]  
Schedule of Accounts Receivables

The following is a summary of accounts receivable as at June 30, 2018 and March 31, 2018;

 

    June 30, 2018     March 31, 2018  
Accounts receivable – Trade   $ 606,818     $ 576,775  
Less: Provision for doubtful debts     (305,148 )     (207,543 )
    $ 301,670     $ 369,232  

Schedule of Concentrations of Accounts Receivable

As at June 30, 2018 and March 31, 2018, the Company had the following concentrations of accounts receivables with customers:

 

Customer   June 30, 2018     March 31, 2018  
Megamedia     39.47 %     56.37 %
Topas     17.73 %     14.83 %
Commercial Bank     8.95 %     7.85 %
LOLC     7.75 %     0.00 %
DEN Networks     5.81 %     1.86 %
Development Services     5.52 %     5.04 %
Bank of Ceylon     5.24 %     4.61 %
Meghbela     3.88 %     2.05 %
Other receivables     5.63 %     7.39 %
      100.00 %     100.00 %

XML 39 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Prepaid Expenses and Other Current Assets (Tables)
3 Months Ended
Jun. 30, 2018
Prepaid Expense and Other Assets, Current [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets

The following is a summary of prepaid expenses and other current assets as at June 30, 2018 and March 31, 2018;

 

    June 30, 2018     March 31, 2018  
Security deposits   $ 67,441     $ 67,348  
ESC receivable     9,378       5,688  
OTCQB Annual Fee     9,000       -  
Prepayments     490       1,370  
Supplier advance     134       136  
Prepayment for other professional services     -       438,598  
Insurance prepayment     -       1,160  
Other receivables     7,888       8,700  
    $ 94,331     $ 523,000  


XML 40 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Property and Equipment (Tables)
3 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

The following table illustrates net book value of property and equipment as at June 30, 2018 and March 31, 2018;

 

    June 30, 2018     March 31, 2018  
Office equipment   $ 2,015     $ 2,054  
Furniture & fittings     136,136       138,752  
Computer equipment (Data Processing Equipment)     119,595       122,443  
Improvements to lease hold assets     20,821       21,221  
Website Development     14,427       14,678  
      292,994       299,148  
Accumulated depreciation and amortization     (252,383     (255,654
Net fixed assets   $ 40,611     $ 43,494  

XML 41 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Intangible Assets (Tables)
3 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

The following table illustrates the movement in intangible assets as at June 30, 2018 and March 31, 2018:

 

    June 30, 2018     March 31, 2018  
Opening Balance   $ 732,939     $ 580,899  
Add: Costs capitalized during the year     67,102       277,812  
Less: Amount Written-off     (19,536 )     (113,363 )
Translational gain     (14,014 )     (12,409 )
Net Intangible Assets   $ 766,491     $ 732,939  


XML 42 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Short-term Borrowings (Tables)
3 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Summary of Short-term Borrowings

The following is a summary of short-term borrowings as at June 30, 2018 and March 31, 2018;

 

    June 30, 2018     March 31, 2018  
PAN Asia Bank – Short term overdraft   $ 441,623     $ 440,609  
PAN Asia Bank – Loan     134,914       162,636  
Commercial bank     62,202       53,571  
Senkadagala Finance     24,822       33,323  
    $ 663,561     $ 690,139  

XML 43 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Taxes Payables (Tables)
3 Months Ended
Jun. 30, 2018
Taxes Payable [Abstract]  
Schedule of Taxes Payable

The taxes payable is comprised of items listed below as at June 30, 2018 and March 31, 2018;

 

    June 30, 2018     March 31, 2018  
PAYE   $ 127,295     $ 117,805  
Stamp Duty Payable     29       34  
Tax payable     4,774       8,877  
    $ 132,098     $ 126,716  


XML 44 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accruals and Other Payables (Tables)
3 Months Ended
Jun. 30, 2018
Payables and Accruals [Abstract]  
Schedule of Accruals and Other Payables

The following is a summary of accruals and other payables as at June 30, 2018 and March 31, 2018;

 

    June 30, 2018     March 31, 2018  
Audit fee payable   $ 17,005     $ 22,260  
Accruals     17,215       29,128  
Other payables     117,224       78,745  
Accrued interest     4,762       1,417  
    $ 156,206     $ 131,550  

XML 45 R34.htm IDEA: XBRL DOCUMENT v3.10.0.1
Cost of Revenue (Tables)
3 Months Ended
Jun. 30, 2018
Cost of Revenue [Abstract]  
Summary of Cost of Revenue

The following is the summary of cost of revenue for the three months ending June 30, 2018 and 2017;

 

    June 30, 2018     June 30, 2017  
Purchases   $ 9,613     $ 11,252  
Implementation cost     9,986       9,202  
Product development cost written off     19,536       27,384  
Consultancy, contract basis employee cost     -       6,825  
Support services     20,519       17,206  
Other external Services     25       3,250  
Cost of development services     2,141       11,631  
    $ 61,820     $ 86,750  

XML 46 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
General and Administrative Expenses (Tables)
3 Months Ended
Jun. 30, 2018
General And Administrative Expenses  
Schedule of General and Administrative Expenses

The following is the summary of general and administrative expenses for the three months ending June 30, 2018 and 2017;

 

    June 30, 2018     June 30, 2017  
Directors remuneration   $ 37,067     $ 38,123  
EPF     8,902       11,078  
ETF     2,226       2,769  
Vehicle allowance     9,196       9,457  
Office rent     14,256       18,701  
Electricity charges     3,201       3,796  
Office maintenance     3,032       2,987  
Telephone charges     2,347       2,573  
Audit fees     2,643       3,178  
Staff welfare     1,955       3,907  
Computer maintenance     1,446       1,726  
Professional fees     1,290       5,010  
Legal Fee     4,500       1,500  
Internet charges     2,989       3,309  
Irrecoverable tax     8,678       10,087  
Software Rentals     4,469       7,526  
Other professional services     2,373       2,244  
OTC market Fees     3,000       -  
Transfer agent fees     2,175       450  
Gratuity     -       3,640  
Printing and stationery     154       266  
Office expenses     358       551  
Courier and postage     238       84  
Security charges     500       1,005  
Insurance expense     -       525  
Travelling expense     560       776  
Secretarial fees     169       186  
Consulting Fee     -       8,550  
Penalties / Late payment charges     814       -  
Filling fee and subscription     395       2,860  
Stamp duty expenses     6       493  
Other expenses     173       1,212  
    $ 119,112     $ 148,569  


XML 47 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Selling and Distribution Expenses (Tables)
3 Months Ended
Jun. 30, 2018
Selling And Distribution Expenses  
Schedule of Selling and Distribution Expenses

The following is the summery of selling and distribution expenses for the three months ending June 30, 2018 and 2017;

 

    June 30, 2018     June 30, 2017  
Vehicle hire charges   $ 1,517     $ 1,560  
Vehicle running expense     1,138       1,170  
Travel expenses     29       -  
Marketing expenses     -       325  
    $ 2,684     $ 3,055  

XML 48 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
Equity (Tables)
3 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Schedule of Common Shares Issued

During the three months ended June 30, 2018, the Company issued following common shares:

 

Date   Type   No. of Shares     Valuation  
06/30/2017   Stock issued as a Dividend payment     13,147,666     $ 5,784,973  
                $ 5,784,973  

XML 49 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies (Tables)
3 Months Ended
Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Guarantee Provided by Existed Company

Guarantees provided by the company existed on the balance sheet date are as follows:

 

Date   Description   Amount  
9/23/2011   Performance Bond for BOC Tender   $               9,587  
5/15/2013   Guarantee for Lanka Clear     2,014  
7/31/2014   Guarantee for SLT     543  
8/10/2015   Guarantee for LOLC     1,532  
1/25/2018   Security deposit- Senkadagala Finance     47,871  
5/23/2018   Rent deposit for Delhi apartment     1,480  
        $ 63,027  

XML 50 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation (Details Narrative) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Net loss $ 709,782 $ 161,872  
Net cash provided by operating activities 4,519 $ 86,244  
Working capital deficit 2,150,846   $ 1,428,411
Employee provident fund and employee trust fund 410,089   388,630
Stockholders' deficit $ (2,843,855)   $ (2,164,332)
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Details Narrative) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Mar. 31, 2018
Cash equivalents  
Property, plant and equipment, depreciation methods Straight-line method    
Estimated useful life 15 years    
Revenue recognized from contract with customer $ 149,203 $ 210,812  
Deferred revenue 14,074  
Unbilled receivables 122,561   148,714
Product research and development cost 67,102 65,426  
Advertising expense  
Changes in accumulated deficit     $ 210,000
LOLC [Member]      
Revenue recognized from contract with customer 46,324    
Contract balance $ 133,061    
Duo Software India (Private) Limited [Member]      
Ownership interest 100.00%    
Duo Software (Pvt.) Limited and Duo Software Pte Limited [Member]      
Ownership interest 100.00%    
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies - Schedule of Provision for Doubtful Debts Based On Period Outstanding (Details) - Trade Receivables Outstanding [Member]
3 Months Ended
Jun. 30, 2018
Over 24 Months [Member]  
Provisioning for trade receivables outstanding percentage over period 100.00%
Over 18 Months [Member]  
Provisioning for trade receivables outstanding percentage over period 50.00%
Over 15 Months [Member]  
Provisioning for trade receivables outstanding percentage over period 25.00%
Over 12 Months [Member]  
Provisioning for trade receivables outstanding percentage over period 10.00%
Over 9 Months [Member]  
Provisioning for trade receivables outstanding percentage over period 5.00%
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies - Schedule of Estimated Useful Lives of Fixed Assets (Details)
3 Months Ended
Jun. 30, 2018
Estimated useful Lives of property and equipment 15 years
Furniture & Fittings [Member]  
Estimated useful Lives of property and equipment 5 years
Improvements to Lease Hold Assets [Member]  
Estimated useful Lives of property and equipment, description Lease term
Office Equipment [Member]  
Estimated useful Lives of property and equipment 5 years
Computer Equipment (Data Processing Equipment) [Member]  
Estimated useful Lives of property and equipment 3 years
Website Development [Member]  
Estimated useful Lives of property and equipment 4 years
XML 54 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies - Schedule of Concentrations of Revenue (Details) - Revenue [Member]
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Concentrations of revenue percentage 100.00% 100.00%
DEN Networks [Member]    
Concentrations of revenue percentage 51.33% 51.88%
LOLC [Member]    
Concentrations of revenue percentage 26.17% 0.00%
Mediatama [Member]    
Concentrations of revenue percentage 8.37% 1.58%
Meghbela [Member]    
Concentrations of revenue percentage 3.74% 2.90%
Topas TV [Member]    
Concentrations of revenue percentage 2.58% 7.52%
Sri Lanka Telecom [Member]    
Concentrations of revenue percentage 2.29% 1.29%
Commercial Bank [Member]    
Concentrations of revenue percentage 1.04% 12.21%
Bank of Ceylon [Member]    
Concentrations of revenue percentage 1.07% 8.49%
Development Services [Member]    
Concentrations of revenue percentage 0.00% 7.26%
Other Misc. customers [Member]    
Concentrations of revenue percentage 3.41% 6.87%
XML 55 R44.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies - Schedule of Sales by Products (Details) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Revenue $ 149,203 $ 210,812
Duo Subscriber [Member]    
Revenue 82,480 138,342
FaceTone [Member]    
Revenue 60,648 54,445
Software Hosting and Reselling [Member]    
Revenue 6,075 2,719
Development Services [Member]    
Revenue $ 15,306
XML 56 R45.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
3 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Mar. 31, 2018
Accounting Policies [Abstract]      
Foreign Currency Translation gains (losses),beginning $ 69,981 $ 112,761 $ 112,761
Translation rate gain (loss) 38,779 $ (5,962) (42,780)
Foreign Currency Translation gains (losses),ending $ 108,760   $ 69,981
XML 57 R46.htm IDEA: XBRL DOCUMENT v3.10.0.1
Reverse Recapitalization (Details Narrative) - USD ($)
Dec. 03, 2014
Jun. 30, 2018
Mar. 31, 2018
Common stock, shares issued   65,738,320 52,590,654
Common stock, shares outstanding   65,738,320 52,590,654
Duo Software (Pvt.) Limited (DSSL) [Member]      
Cash consideration on exchange of DSSL's $ 310,000    
Common stock, shares issued 5,000,000    
Common stock, shares outstanding 5,000,000    
Duo Software (Pvt.) Limited (DSSL) [Member] | Series A Preferred Stock [Member]      
Number of stock issued during period, shares 5,000,000    
Duo Software (Pvt.) Limited (DSSL) [Member] | Common Stock [Member]      
Number of stock issued during period, shares 28,000,000    
Duo Software Pte Limited (DSS) [Member]      
Common stock, shares issued 10,000    
Common stock, shares outstanding 10,000    
Duo Software Pte Limited (DSS) [Member] | Common Stock [Member]      
Number of stock issued during period, shares 2,000,000    
Duo Software (Pvt.) Limited (DSSL) and Duo Software Pte Limited (DSS) [Member]      
Shareholder acquisition, percent 100.00%    
XML 58 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accounts Receivable - Schedule of Accounts Receivables (Details) - USD ($)
Jun. 30, 2018
Mar. 31, 2018
Accounts Receivable, Net [Abstract]    
Accounts receivable - Trade $ 606,818 $ 576,775
Less: Provision for doubtful debts (305,148) (207,543)
Accounts receivable $ 301,670 $ 369,232
XML 59 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accounts Receivable - Schedule of Concentrations of Accounts Receivable (Details) - Accounts Receivable [Member]
3 Months Ended 12 Months Ended
Jun. 30, 2018
Mar. 31, 2018
Concentrations of accounts receivable 100.00% 100.00%
Megamedia [Member]    
Concentrations of accounts receivable 39.47% 56.37%
Topas [Member]    
Concentrations of accounts receivable 17.73% 14.83%
Commercial Bank [Member]    
Concentrations of accounts receivable 8.95% 7.85%
LOLC [Member]    
Concentrations of accounts receivable 7.75% 0.00%
DEN Networks [Member]    
Concentrations of accounts receivable 5.81% 1.86%
Development Services [Member]    
Concentrations of accounts receivable 5.52% 5.04%
Bank of Ceylon [Member]    
Concentrations of accounts receivable 5.24% 4.61%
Meghbela [Member]    
Concentrations of accounts receivable 3.88% 2.05%
Other Receivables [Member]    
Concentrations of accounts receivable 5.63% 7.39%
XML 60 R49.htm IDEA: XBRL DOCUMENT v3.10.0.1
Prepaid Expenses and Other Current Assets (Details Narrative)
Mar. 31, 2018
USD ($)
Prepaid Expense and Other Assets, Current [Abstract]  
Written off Withholding Tax receivables $ 189,121
XML 61 R50.htm IDEA: XBRL DOCUMENT v3.10.0.1
Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($)
Jun. 30, 2018
Mar. 31, 2018
Prepaid Expense and Other Assets, Current [Abstract]    
Security deposits $ 67,441 $ 67,348
ESC receivable 9,378 5,688
OTCQB Annual Fee 9,000
Prepayments 490 1,370
Supplier advance 134 136
Prepayment for other professional services 438,598
Insurance prepayment 1,160
Other receivables 7,888 8,700
Prepaid expenses and other current assets $ 94,331 $ 523,000
XML 62 R51.htm IDEA: XBRL DOCUMENT v3.10.0.1
Property and Equipment (Details Narrative) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Property, Plant and Equipment [Abstract]    
Depreciation and amortization expense $ 7,383 $ 7,472
XML 63 R52.htm IDEA: XBRL DOCUMENT v3.10.0.1
Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)
Jun. 30, 2018
Mar. 31, 2018
Fixed assets gross $ 292,994 $ 299,148
Accumulated depreciation and amortization (252,383) (255,654)
Net fixed assets 40,611 43,494
Office Equipment [Member]    
Fixed assets gross 2,015 2,054
Furniture & Fittings [Member]    
Fixed assets gross 136,136 138,752
Computer Equipment (Data Processing Equipment) [Member]    
Fixed assets gross 119,595 122,443
Improvements to Lease Hold Assets [Member]    
Fixed assets gross 20,821 21,221
Website Development [Member]    
Fixed assets gross $ 14,427 $ 14,678
XML 64 R53.htm IDEA: XBRL DOCUMENT v3.10.0.1
Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]    
Opening Balance $ 732,939 $ 580,899
Add: Costs capitalized during the period 67,102 277,812
Less: Amount Written -off (19,536) (113,363)
Translational gain (14,014) (12,409)
Net Intangible Assets $ 766,491 $ 732,939
XML 65 R54.htm IDEA: XBRL DOCUMENT v3.10.0.1
Short-term Borrowings (Details Narrative) - Pan Asia Banking Corporation PLC [Member] - Maximum [Member]
Jun. 30, 2018
USD ($)
Interest Rate of 15.25% Per Annum [Member]  
Bank overdraft facility interest rate 15.25%
Bank overdrafts $ 235,244
Interest Rate of 15.86% Per Annum [Member]  
Bank overdraft facility interest rate 15.86%
Bank overdrafts $ 425,821
XML 66 R55.htm IDEA: XBRL DOCUMENT v3.10.0.1
Short-term Borrowings - Summary of Short-term Borrowings (Details) - USD ($)
Jun. 30, 2018
Mar. 31, 2018
Short Term Borrowings $ 663,561 $ 690,139
PAN Asia Bank - Short Term Overdraft [Member]    
Short Term Borrowings 441,623 440,609
PAN Asia Bank - Loan [Member]    
Short Term Borrowings 134,914 162,636
Commercial Bank [Member]    
Short Term Borrowings 62,202 53,571
Senkadagala Finance [Member]    
Short Term Borrowings $ 24,822 $ 33,323
XML 67 R56.htm IDEA: XBRL DOCUMENT v3.10.0.1
Due to Related Parties (Details Narrative) - USD ($)
Jun. 30, 2018
Mar. 31, 2018
Related Party Transactions [Abstract]    
Due to related parties, short term $ 563,219 $ 524,955
Due to related parties, long term $ 1,344,464 $ 1,348,193
XML 68 R57.htm IDEA: XBRL DOCUMENT v3.10.0.1
Taxes Payables - Schedule of Taxes Payable (Details) - USD ($)
Jun. 30, 2018
Mar. 31, 2018
Taxes payable $ 132,098 $ 126,716
PAYE [Member]    
Taxes payable 127,295 117,805
Stamp Duty Payable [Member]    
Taxes payable 29 34
Tax Payable [Member]    
Taxes payable $ 4,774 $ 8,877
XML 69 R58.htm IDEA: XBRL DOCUMENT v3.10.0.1
Accruals and Other Payables - Schedule of Accruals and Other Payables (Details) - USD ($)
Jun. 30, 2018
Mar. 31, 2018
Payables and Accruals [Abstract]    
Audit fee payable $ 17,005 $ 22,260
Accruals 17,215 29,128
Other payables 117,224 78,745
Accrued interest 4,762 1,417
Accruals and other payables $ 156,206 $ 131,550
XML 70 R59.htm IDEA: XBRL DOCUMENT v3.10.0.1
Cost of Revenue - Summary of Cost of Revenue (Details) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cost of Revenue [Abstract]    
Purchases $ 9,613 $ 11,252
Implementation cost 9,986 9,202
Product development cost written off 19,536 27,384
Consultancy, contract basis employee cost 6,825
Support services 20,519 17,206
Other external Services 25 3,250
Cost of development services 2,141 11,631
Cost of revenue $ 61,820 $ 86,750
XML 71 R60.htm IDEA: XBRL DOCUMENT v3.10.0.1
General and Administrative Expenses - Schedule of General and Administrative Expenses (Details) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
General And Administrative Expenses    
Directors remuneration $ 37,067 $ 38,123
EPF 8,902 11,078
ETF 2,226 2,769
Vehicle allowance 9,196 9,457
Office rent 14,256 18,701
Electricity charges 3,201 3,796
Office maintenance 3,032 2,987
Telephone charges 2,347 2,573
Audit fees 2,643 3,178
Staff welfare 1,955 3,907
Computer maintenance 1,446 1,726
Professional fees 1,290 5,010
Legal Fee 4,500 1,500
Internet charges 2,989 3,309
Irrecoverable tax 8,678 10,087
Software Rentals 4,469 7,526
Other professional services 2,373 2,244
OTC market Fees 3,000
Transfer agent fees 2,175 450
Gratuity 3,640
Printing and stationery 154 266
Office expenses 358 551
Courier and postage 238 84
Security charges 500 1,005
Insurance expense 525
Travelling expense 560 776
Secretarial fees 169 186
Consulting Fee 8,550
Penalties / Late payment charges 814
Filling fee and subscription 395 2,860
Stamp duty expenses 6 493
Other expenses 173 1,212
General and administrative expenses $ 119,112 $ 148,569
XML 72 R61.htm IDEA: XBRL DOCUMENT v3.10.0.1
Selling and Distribution Expenses - Schedule of Selling and Distribution Expenses (Details) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Selling And Distribution Expenses    
Vehicle hire charges $ 1,517 $ 1,560
Vehicle running expense 1,138 1,170
Marketing Expenses 29
Travel expenses 325
Selling and distribution expenses $ 2,684 $ 3,055
XML 73 R62.htm IDEA: XBRL DOCUMENT v3.10.0.1
Equity (Details Narrative) - $ / shares
3 Months Ended
Jun. 30, 2018
Mar. 31, 2018
Equity [Abstract]    
Common stock, shares authorized 400,000,000 400,000,000
Common stock, par value $ 0.001 $ 0.001
Series "A" preferred stock, shares authorized 10,000,000 10,000,000
Series "A" preferred stock, par value $ 0.001 $ 0.001
Number of preferred shares converted into common shares 10  
Preferred stock conversion description One preferred share will convert into ten (10) common shares no earlier than 24 months and 1 day after the issuance.  
XML 74 R63.htm IDEA: XBRL DOCUMENT v3.10.0.1
Equity - Schedule of Common Shares Issued (Details)
3 Months Ended
Jun. 30, 2018
USD ($)
shares
Value of common stock issued $ 5,784,973
06/30/2017 [Member] | Stock Issued as a Dividend Payment [Member]  
Number of common stock issued, shares | shares 13,147,666
Value of common stock issued $ 5,784,973
XML 75 R64.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies (Details Narrative) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Lease commitment amount $ 14,256 $ 18,701
Sri Lanka Office [Member] | Happy Building Management [Member]    
Lease commitment amount $ 114,890  
Lease term 3 years  
Indian Office [Member] | Regus Office Center Services Pvt. Limited [Member] | April 1, 2018 [Member]    
Lease commitment amount $ 1,189  
Lease term 1 year  
XML 76 R65.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies - Schedule of Guarantee Provided by Existed Company (Details) - USD ($)
May 23, 2018
Jan. 25, 2018
Aug. 10, 2015
Jul. 31, 2014
May 15, 2013
Sep. 23, 2011
Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]              
Guarantee Description Rent deposit for Delhi apartment Security deposit- Senkadagala Finance Guarantee for LOLC Guarantee for SLT Guarantee for Lanka Clear Performance Bond for BOC Tender  
Guarantee Amount $ 1,480 $ 47,871 $ 1,532 $ 543 $ 2,014 $ 9,587 $ 63,027
XML 77 R66.htm IDEA: XBRL DOCUMENT v3.10.0.1
Subsequent Events (Details Narrative) - $ / shares
Jul. 27, 2018
Jun. 30, 2018
Mar. 31, 2018
Number of preferred stock authorized   10,000,000 10,000,000
Preferred stock, par value   $ 0.001 $ 0.001
Series A Preferred Stock [Member] | Subsequent Event [Member]      
Number of preferred stock authorized 10,000,000    
Reduction in preferred stock 5,000,000    
Treasury shares, authorized 5,000,000    
Preferred stock, par value $ 0.001    
EXCEL 78 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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�],Y M:U*E(NIP10E7)R9-@:8S!D2]J H!R25*1M3QBA*OC@,?E=HTEC@H^*H)C0G. M)&:.=,"2!*SCR%A@)1 ;-36^I+.0), ACT<%'5Y$Y M=+/"_=9/XL@N<>@XFTE2SLW/G).='ZANW>@@)%FV.G&#(,M1 $<%.3% 4AG+ MC>!2)P32V4J2K;RK#4ED?@(;?^&#V*B:-#GGHF_-TN9M=;YC7_P-02P,$% @ ;%(4358%UTA4 @ M7@@ !@ !X;"]W;W)K_GT!>RP'F$GR$'/9^[".00<7 V4O MO")$>*]MT_&U7PG1KP#@AXJTF#_1GG1RYD19BX7LLC/@/2/XJ$UM T(($]#B MNO/+0H_M6%G0BVCJCNR8QR]MB]F_#6GHL/8#_VW@N3Y70@V LNCQF?PDXE>_ M8[('YBC'NB4=KVGG,7):^Y^"U3;0!JWX79.!+]J>2F5/Z8OJ?#NN?:B(2$,. M0H7 \G$E6](T*I+D^#L%]>8VA),AG U!_*$AF@R180 CF4[U,Q:X+!@=/#;N5H_5H0A6D7R9!S6HWYV> MD]ER.7HMD[ 5Q5GDFQ&2;B0&(JM0X%F"9#KSQ"A$R+4_F@)$;G]D=,?:7^\ M],=&$J,DU9)N0@RC+#(R<RDB6T:9-",DFRQ#'R",#!@[JEN6)"3 M!=DLB<$R2M!BE1A./X/G$>4-4^)D2FRFU&!*K)42E,K="DTD6XA"E,-W=RQU M$J4V4680I8\2V<*/B3(G4683Y091]M 9NJ>Z8,OT3B4-;":KE :/,MT7CDQ@4>C5S?L#LW/= M<6]/A;PS=&4_42J(# J?9+A*7O9SIR$GH9JI;+/QQAL[@O;3;0[F3XKR/U!+ M P04 " !L4A1-:+C>BD,$ S$P & 'AL+W=O6J?YH>N.S\F2;LY^*IH M'^JS/X7_[.JF*KIPV^R3]MSX8CL$564"0NBD*HZG^6HYM+TTJV7]UI7'DW]I M9NU;517-OVM?UI>GN9Q_-'P[[@]=WY"LEN=B[__PW9_GER;<)==>ML?*G]IC M?9HU?O_;I_FHG?D2[_I^BZ*\//N MF+MOA[VSSUG9U-?42K%3%C_'W>!I^+U/_ M'V%\ $P!< T(N3\+4%. ^AF0#H,?G0U#_5)TQ6K9U)=9,SZM<]%/"OFH0C$W M?>-0N^%_8;1M:'U?&;5,WOM^)LEZE,"-1%X52>C\F@&X#&L@X7"?(*<*D_(9 M%#L&-<2KV_B,CT_9^'2(3V_C-:K!*#&#Y#36('4@4*ER*@,IK 3>3<:ZR:@; M@]R,DNPFS4)+"P*Y8616FTSP;C3K1E,W%KG1)(TURN+24)6$5.A(:0QKQM ' M[?AXR\9;,AB+:K:VU*9T4N(IR\A2F^F(&\>Z<=2-1&X<26.$4N@!Y%1E4\@B MBU0*G@."N@$, D$2IGI.BT&)V3 MYFZM")%IO*08G1):Q SQ\)24GA;34U(N!EYI3-F $>HD#!YS!$@4)T813>NCF5HP28%" MIT!YZC!/@7)R$381@[?KG!/*\)YH8I.:1RI0I#J, M5$9#EOKGFGLG/$J!HA2_>ZPGC?G_ZC#"3ZO#HQ0,]>2PIU'C;E.)!R&Q(T,< M15[5@8RQ\80&1W8;&=O6%0]61<$J M!2;K)#)W?HW![&!DB\S%/D04SU;%L!5/1<6PE9V*G/"SJ:AXP"H*6(F_4->3 MZ&[TVH1I@K_7.*$,$T7A32BY.6JH?+,?3F7:V:9^.W7]5_U-Z_7DYWDX^$'M M:_F8C^EW77]I MPG4S'N.,-UU]GHZHDNLYV>H_4$L#!!0 ( &Q2%$V+$B; L 0 +H6 8 M >&PO=V]R:W-H965T&UL?9C;;N,V$(9?Q?"]5YP94J(" MQT#BHFB!%@BVV/9:L9G86,ER)27>OGTE6?':,\/X6ULS%!@5?^_#J;UZG@VI M/-?U]^'E]^W]W R.0ADVW1"BZ'_>PSJ4Y1"I]_'O%'1^J7,H>/W\$?W7,?D^ MF>>B#>NZ_&>_[7;W]L\]9V=35%Z:U4Q8_S[_XP_IZF^!_%] (X%^M8#(,"[JAOS,WP<6R[\7]]MFW_]7T%QBZ3]R'0I'D\ M:_!:7I)@FG![!J #L&L%]>I:X*Z,9>6+9 M*"(;2R53G632"6_:3%0"QKB4MZR4D4E-9"AZU8P79L!DS(W46"99>^%D09%& MR54?N>+#,Q^Y;)7<$6N[M51AWXV1V0-&9X!1[.0< E(DVF727+MQX(V)N(D0 M":0;,-P-B)JL31WW(T-=>;XUH[+K 5#.1(@,.=#A!"1,(._K27,[HL@8PQ-2 M= !$/D([T'$'DG< R#U9V<3HTS3GGA0=.!]K9QUXX!1'Q!TY.=C)&\X)168M MQJ@%.D!!$A1 +(P2CPM,7>:Y(T4'UAF*6-))"A*E5LP+"9;& M_.@P!86FX+@AR4KRF%IN2,K 0705!QVK(+EJQ2"2Q'0D5G%%97(EL &HB0%76RHD96OABC).O".<<[3(D50ROJ:$54W/#% M6!&)56?2W/9HQ(J.:)2(!N",1LE>ZX#34%'Y%&UD04:=SVB5520+%2G<2\GF? @J.NP7J@B)26Q#3F*27+/.>KXG M5&2+S$4F!44.T H D;.8)-K093D?@:K,Q(XDI!.0E!VJV#63W'EF628Z3-F? M.AL[KY&.4U).Y!@A,ND0) 6"Q(E,"N#0DY@34@8I9A'ND$Y"DB0$XE161'*& M?JJYM:(CD+QLWF@/Z<@BY4Q-?/.GB&0VR@8Q?HBU.OVL0C^QS$RBZ[NB_NQ@ M\XS?PBC11 ,G5S=^56A>Q\O1=K:IWP[=<+=V]?5R ?N PXTA^_X(=^OS->K/ M,.=;W3^+YG5_:&?/==?5U7AK^%+77>@MFB]]>^U"L;V\E.&E&QZS_KDYWZ:> M7[KZ.-T4)Y?KZM7_4$L#!!0 ( &Q2%$T/HUBVL0$ -(# 8 >&PO M=V]R:W-H965T&UL?5/1;MLP#/P501]0)4K:#H%MH.E0=, & M!!VV/2LV;0N51$^2X^[O)\F.YW7&7BR2YAV/%)4-:%]="^#)FU;&Y;3UOCLP MYLH6M' WV($)?VJT6OC@VH:YSH*H$D@KQC>;.Z:%-+3(4NQDBPQ[KZ2!DR6N MUUK87T=0..1T2Z^!%]FT/@98D76B@:_@OW4G&SPVLU12@W$2#;%0Y_1A>SCN M8WY*^"YA< N;Q$[.B*_1^53E=!,%@8+21P81C@L\@E*1*,CX.7'2N60$+NTK M^U/J/?1R%@X>4?V0E6]S^H&2"FK1*_^"PS-,_=Q2,C7_&2Z@0GI4$FJ4J%SZ MDK)W'O7$$J1H\3:>TJ1SF/BOL'4 GP#\'8"-A9+RC\*+(K,X$#O.OA/QBK<' M'F93QF :1?H7Q+L0O13;W6W&+I%HRCF..7R9,V>PP#Z7X&LECOP?.%^'[U85 M[A)\]Y?"NW6"_2K!/A'L_]OB6L[]NR)L,5,-MDG;Y$B)O4F;O(C."_O TYW\ M21^W_8NPC32.G-&'FTWSKQ$]!"F;F[!";7A@LZ.@]M&\#[8=UVQT/';3"V+S M,RY^ U!+ P04 " !L4A1-#U48F[$! #2 P & 'AL+W=OZ^D@9,EKM=:V%]'4#CD M=$NO@6?9M#X&6)%UHH&OX+]U)QL\-K-44H-Q$@VQ4.?T87LX[F-^2O@N87 + MF\1.SH@OT?E4Y703!8&"TD<&$8X+/()2D2C(^#EQTKED!"[M*_N'U'OHY2P< M/*+Z(2O?YO2>D@IJT2O_C,-'F/JYI61J_C-<0(7TJ"34*%&Y]"5E[SSJB25( MT>)U/*5)YS#Q7V'K #X!^!L &PLEY4_"BR*S.! [SKX3\8JW!QYF4\9@&D7Z M%\2[$+T4V]U]QBZ1:,HYCCE\F3-GL, ^E^!K)8[\'SA?A^]6%>X2?/>7PKMU M@OTJP3X1[/_;XEK.^S=%V&*F&FR3MLF1$GN3-GD1G1?V@:<[^9,^;OL781MI M'#FC#S>;YE\C>@A2-C=AA=KPP&9'0>VC^2[8=ERST?'832^(S<^X^ U02P,$ M% @ ;%(433G)J.:R 0 T@, !@ !X;"]W;W)KT7P,;O^=F8?$3S:#L 1YZ5U+:@G7/]@3%;=:"XO<(>M+]IT"CNO&E: M9GL#O(X@)5F:)!^9XD+3,H^^DRES')P4&DZ&V$$I;EZ.('$LZ(Z^.AY$V[G@ M8&7>\Q:^@_O1GXRWV,)2"P7:"M3$0%/0F]WAF(7X&/!3P&A79Q(J.2,^!N.N M+F@2!(&$R@4&[K<+W(*4@)HYZ9(R -?G5_8OL79?RYE;N$7Y2]2N*^@U M)34T?)#N <>O,-?S@9*Y^&]P >G#@Q*?HT)IXTJJP3I4,XN7HOCSM L=]W&Z MR?8S;!N0SH!T 5S'/&Q*%)5_YHZ7N<&1F*GW/0]/O#NDOC=5<,96Q#LOWGKO MI=QE2?4F1;J4XIO_!TVWX?E/A/L+W?RE\(W^V29!% M@NS=$K=B_E7)5CU58-HX3994..@XR2OO,K W:7R3/^'3M-]STPIMR1F=?]G8 M_P;1@9>27/D1ZOP'6PP)C0O'3_YLIC&;#(?]_(/8\HW+WU!+ P04 " !L M4A1-[WNDT[,! #2 P & 'AL+W=O6_>#$,^HGUV'8 G+UH95]#.^_[(F*LZT,+=8 \FW#1HM?#!M"USO051)Y!6 MC.]V;Y@6TM R3[ZS+7,ZH+LH"!14 M/C*(L%WA 92*1$'&]YF3+BDC<'U^97^?:@^U7(2#!U1/LO9=0>\HJ:$1@_*/ M.'Z N9Y;2N;B/\$55 B/2D*."I5+*ZD&YU'/+$&*%B_3+DW:Q^F&W\ZP;0"? M 7P!W*4\;$J4E+\37I2YQ9'8J?>]B$^\/_+0FRHZ4RO271#O@O=:[K-#SJZ1 M:(XY33%\';-$L,"^I.!;*4[\+SC?AA\V%1X2_/ /A;\19)L$62+(_EOB5DSV M1Q*VZJD&VZ9I@I3= M31BA+GRPQ5#0^'A\&\YV&K/)\-C//X@MW[C\"5!+ P04 " !L4A1-A/K4 MU[0! #2 P &0 'AL+W=O M8C-+)11H*U 3 W5.[[:'8QKB8\ / 8-=G$FHY(SX&HPO54XW01!(*%U@X'Z[ MP#U(&8B\C+>)D\XI W!Y_F1_C+7[6L[>'M(?&_*X(RMB'=>O/7>2[%-KS-V"413S'&, M298Q.T?^.F$=J2,SK_LK'_-:(#+V5SY4>H M]1]L-B34+AQO_-F,8S8:#KOI!['Y&Q&PO=V]R:W-H965T:,Y^>F4[ST=AG MUP%X\J*D=@7MO.]/C+FJ \7=G>E!XTUCK.(>3=LRUUO@=00IR=(D><,4%YJ6 M>?1=;)F;P4NAX6*)&Y3B]N<9I!D+NJ.OCD?1=CXX6)GWO(6OX+_U%XL66UAJ MH4 [832QT!3T?G@_&I+F@2!(&$R@<&CML-'D#* M0(0R?LR<=$D9@.OS*_N'6#O6;PWZ&;0/2&9 N@&/,PZ9$ M4?E[[GF96S,2._6^Y^&)=Z<4>U,%9VQ%O$/Q#KVW8I)US%+ M!$/V)46ZE>*<_@-/M^'[387["-__H?#=-D&V29!%@NR_)6[$')*_DK!53Q78 M-DZ3(Y49=)SDE7<9V/LTOLGO\&G:OW#;"NW(U7A\V=C_QA@/*"6YPQ'J\(,M MAH3&A^-;/-MIS";#FW[^06SYQN4O4$L#!!0 ( &Q2%$V'6-F7LP$ -(# M 9 >&PO=V]R:W-H965T MO&G5N9RVWO<'QES9@A;NRO30X4UMK!8>3=LPUUL0501IQ?AN=\.TD!TMLN@[ MV2(S@U>R@Y,E;M!:V!]'4&;,:4+?'4^R:7UPL"+K10-?P7_K3Q8MMK!44D/G MI.F(A3JG=\GAF(;X&/!=PNA69Q(J.1OS$HS'*J>[( @4E#XP"-PN< ]*!2*4 M\3ISTB5E *[/[^R?8NU8RUDXN#?J65:^S>DM)1748E#^R8P/,-=S3X M@,+PH 1SE$:YN))R<-[HF06E:/$V[;*+^SC=I,D,VP;P&< 7P&W,PZ9$4?E' MX46163,2._6^%^&)DP/'WI3!&5L1[U"\0^^E2*Z3C%T"T1QSG&+X.F:)8,B^ MI.!;*8[\+SC?AN\W%>XC?/^;PG\0I)L$:21(_UOB5LS^CR1LU5,-MHG3Y$AI MABY.\LJ[#.P=CV_R*WR:]B_"-K)SY&P\OFSL?VV,!Y2RN\(1:O&#+8:"VH?C M!SS;:::*=%JFJ?1=S)YBKV3 MK8:3(;972IA?1Y X9'1+/QQ/;=VXX&!YVHD:?H![[D[&6VQF*5L%VK:HB8$J MHW?;PS$)\3'@I87!+LXD5')&? O&MS*CFR ()!0N, B_7> >I Q$7L;/B9/. M*0-P>?Y@_Q)K][6!TL:5%+UUJ"86+T6)]W%O==R'\6:_FV#K #X!^ RXC7G8F"@J?Q!.Y*G! M@9BQ]YT(3[P]<-^;(CAC*^*=%V^]]Y)O]TG*+H%HBCF.,7P9,TJK U'&:+"FPUW&2 M%]YY8.]X?)//\'':OPM3M]J2,SK_LK'_%:(#+V5SY4>H\1]L-B14+AQO_-F, M8S8:#KOI!['Y&^>_ 5!+ P04 " !L4A1-!'3XC;4! #2 P &0 'AL M+W=O<.3,>9X-US[X%".1%*^-SVH;0 MG1CS90M:^#O;@<&;VCHM IJN8;YS(*H$THKQS>8-TT(:6F3)=W%%9ON@I(&+ M([[76KB?9U!VR.F6OCJ>9-.&Z&!%UHD&OD#XVET<6FQFJ:0&XZ4UQ$&=TX?M MZ;R/\2G@FX3!+\XD5G*U]CD:'ZN<;J(@4%"&R"!PN\$C*!6)4,:/B9/.*2-P M>7YE?Y]JQUJNPL.C5=]E%=J<'BFIH!:]"D]V^ !3/?>43,5_@ALH#(]*,$=I ME4\K*7L?K)Y84(H6+^,N3=J'\88?)M@Z@$\ /@..*0\;$R7E[T001>;L0-S8 M^T[$)]Z>./:FC,[4BG2'XCUZ;\7V_I"Q6R2:8LYC#%_&S!$,V><4?"W%F?\# MY^OPW:K"78+O_E!X7"?8KQ+L$\'^OR6NQ;S]*PE;]%2#:](T>5+:WJ1)7GCG M@7W@Z4U^AX_3_EFX1AI/KC;@RZ;^U]8&0"F;.QRA%C_8;"BH0SP>\.S&,1N- M8+OI!['Y&Q>_ %!+ P04 " !L4A1-QU"#2K,! #2 P &0 'AL+W=O MPT.*2@=C'UT#X,FSDMIEM/&^.S#F MB@:4<%>F XTWE;%*>#1MS5QG0901I"3C27+-E&@US=/H.]D\-;V7K8:3):Y7 M2M@_1Y!FR.B&OCCNV[KQP<'RM!,U_ 3_JSM9M-C,4K8*M&N-)A:JC-YL#L== MB(\!OUL8W.),0B5G8QZ#<5=F- F"0$+A X/ [0*W(&4@0AE/$R>=4P;@\OS" M_C76CK6_-\ VF>CY1,A7_'2X@,3PHP1R%D2ZN MI.B=-VIB02E*/(][J^,^C#?;_01;!_ )P&? /N9A8Z*H_(OP(D^M&8@=>]^) M\,2; \?>%,$96Q'O4+Q#[R7?7"8XQO!ES!S!D'U.P==2'/D_<+X. MWZXJW$;X]HW"_^3?K1+L(L'NPQ+78MZK9(N>*K!UG"9'"M/K.,D+[SRP-SR^ MR6OX..T_A*U;['S9V/_*& \H);G"$6KP@\V&A,J'XV<\VW',1L.;;OI! M;/[&^5]02P,$% @ ;%(433Z(-_>T 0 T@, !D !X;"]W;W)K&UL?5/;;MP@$/T5Q >$7=:;1"O;4C91U4JIM$J5Y)FU MQQ<%&!?P.OW[ G88J]DZV&DR&V5TJ87T>0 M.&1T2S\<3VW=N.!@>=J)&GZ >^Y.QEML9BE;!=JVJ(F!*J-WV\,Q"?$QX*6% MP2[.)%1R1GP+QKU MG(6%>Y2O;>F:C-Y24D(E>NF>-B:*RA^$$WEJ<"!F['TGPA-O#]SW MI@C.V(IXY\5;[[WDV^M=RBZ!:(HYCC%\&3-',,\^I^!K*8[\'SA?A^]6%>XB M?/>'PF2=(%DE2")!\M\2UV+V?R5ABYXJ,'6<)DL*['6 MU,8J[M&T#7.=!5Y%D)(LV6SV3'&A:9%%W]D6F>F]%!K.EKA>*6[_G$":(:=; M^N9X$$WK@X,56<<;> 3_LSM;M-C,4@D%V@FCB84ZIW?;XVD7XF/ +PYQ) MJ.1BS',POE4YW01!(*'T@8'C=H5[D#(0H8S?$R>=4P;@\OS&_B76CK50&!Z48([22!=74O;.&S6QH!3% M7\9=Z+@/XTV:3K!U0#(!DAEPB'G8F"@J_\P]+S)K!F+'WG<\//'VF&!ORN", MK8AW*-ZA]UIL]_N,70/1%',:8Y)ES!S!D'U.D:RE."7_P)-U>+JJ,(WP])W" MVW6"W2K!+A+L_EOB6LSA0Q*VZ*D"V\1I---/XC-W[AX!5!+ M P04 " !L4A1-!ZL>2+4! #2 P &0 'AL+W=O)0QV<2:ADC/B M2S"^E1E-0D*@H'!!0?CM O>@5!#R:?R9-.D<,A"7YS?UQUB[K^4L+-RC^BU+ MUV3TEI(2*M$K]X3#5YCJN:9D*OX[7$!Y>,C$QRA0V;B2HK<.]:3B4]'B==QE M&_=AO.'[B;9.X!.!SX3;&(>-@6+F#\*)/#4X$#/VOA/AB3<'[GM3!&=L1;SS MR5OOO>2;FR\INP2A"7,<,7R)F1',J\\A^%J((_] Y^OT[6J&VTC?+J/ODW6! MW:K +@KL/BUQ!;-_7R1;]%2#J>,T65)@W\9)7GCG@;WC\4W^P\=I_R%,+5M+ MSNC\R\;^5X@.?"K)E1^AQG^PV5!0N7#<^[,9QVPT'';3#V+S-\[_ 5!+ P04 M " !L4A1-C8YA5K0! #2 P &0 'AL+W=O?C@>9=/Z MX&!%UHL&GL#_Z$\6+;:P5%)#YZ3IB(4ZIW?[PS$-\3'@IX31K#>J&=9^3:G MMY144(M!^4RGV-SQCET TQQRG&+Z.62(8LB\I^%:*(_\'SK?AR:;"),*3/Q0FVP3I)D$: M"=+_EK@5D_Z5A*UZJL$V<9H<*>9>!O>/Q37Z'3]/^7=A&=HZ7 MC?VOC?& 4G97.$(M?K#%4%#[<+S!LYW&;#*\Z>&PO=V]R:W-H965T5=2VYRVSG4'QFS9@N+V"CO0_J9&H[CSIFF8[0SP M*H*49,EF<\,4%YH66?2=3)%A[Z30<#+$]DIQ\^L($H><;NFGXUDTK0L.5F0= M;^ %W/?N9+S%9I9**-!6H"8&ZIS>;0_'-,3'@!\"!KLXDU#)&?$U&%^JG&Z" M()!0NL# _7:!>Y R$'D9;Q,GG5,&X/+\R?X8:_>UG+F%>Y0_1>7:G-Y24D'- M>^F><7B"J9YK2J;BO\(%I \/2GR.$J6-*RE[ZU!-+%Z*XN_C+G3TA\;\K@C*V(=UZ\]=Y+L=U? M9^P2B*:8XQB3+&/F".;9YQ3)6HIC\@\\68?O5A7N(GSWA\*;=8)TE2"-!.E_ M2UR+V?^5A"UZJL T<9HL*;'7<9(7WGE@[Y+X)K_#QVG_QDTCM"5G=/YE8_]K M1 =>RN;*CU#K/]AL2*A=..[]V8QC-AH.N^D'L?D;%Q]02P,$% @ ;%(4 M30B&UL?5/; M;MP@$/T5Q <$+[MMW)5M*9NJ:J566J5J^LS:8QN%BPMXG?Y] 1/7;:R\ #/, M.7-F&(I)FR?; SCT+(6R)>Z=&XZ$V+H'R>R-'D#YFU8;R9PW34?L8( U$20% MH5GVGDC&%:Z*Z#N;JM"C$US!V2 [2LG,[Q,(/95XAU\<#[SK77"0JAA8!]_! M_1C.QEMD86FX!&6Y5LA 6^*[W?%T"/$QX)'#9%=G%"JY:/T4C"]-B;,@" 34 M+C POUWA'H0(1%[&K\2)EY0!N#Z_L'^*M?M:+LS"O18_>>/Z$N<8-="R4;@' M/7V&5,\[C%+Q7^$*PH<')3Y'K86-*ZI'Z[1,+%Z*9,_SSE7.M_YLYC&;#:>'](/(\HVK/U!+ P04 " !L4A1-C 4I M!;0! #2 P &0 'AL+W=OPT.* M2@=CGUP#X,FSDMIEM/&^.S#FB@:4<%>F XTWE;%*>#1MS5QG0901I"3CF\T- M4Z+5-$^C[V3SU/1>MAI.EKA>*6'_'$&:(:,)?7$\M'7C@X/E:2=J^ '^9W>R M:+&9I6P5:-<:32Q4&;U-#L==B(\!OUH8W.),0B5G8YZ"\;7,Z"8( @F%#PP" MMPO<@92!"&7\GCCIG#( E^<7]B^Q=JSE+!S<&?G8EK[)Z)Z2$BK12_]@AGN8 MZKFF9"K^&UQ 8GA0@CD*(UU<2=$[;]3$@E*4>![W5L=]&&^N^01;!_ )P&? M/N9A8Z*H_+/P(D^M&8@=>]^)\,3)@6-OBN",K8AW*-ZA]Y(G^R1EET TQ1S' M&+Z,F2,8LL\I^%J*(_\'SM?AVU6%VPC?OE'X'X+=*L$N$NP^+'$M9OLN"5OT M5(&MXS0Y4IA>QTE>>.>!O8V/R%[#QVG_+FS=:D?.QN/+QOY7QGA *9LK'*$& M/]AL2*A\.'["LQW';#2\Z:8?Q.9OG/\%4$L#!!0 ( &Q2%$U+##[9M $ M -(# 9 >&PO=V]R:W-H965T<"CKM_/\"NY[56OP!WW'OW[CC2 =&JM1EMG.L.C-FB 2WL%7;0^IL*C1;.FZ9FMC,@R@C2BO'-YH9I(5N: MI]%W,GF*O5.RA9,AMM=:F#]'4#AD=$M?'8^R;EQPL#SM1 T_P/WL3L9;;&8I MI8;62FR)@2JCM]O#,0GQ,>"7A,$NSB14QO/$2>>4 ;@\O[(_Q-I]+6=AX0[5;UFZ)J-[2DJH1*_<(PY?8*KGFI*I M^&]P >7#@Q*?HT!EXTJ*WCK4$XN7HL7+N,LV[L-XPS]/L'4 GP!\!NQC'C8F MBLKOA1-Y:G @9NQ])\(3;P_<]Z8(SMB*>.?%6^^]Y-M]DK)+()IBCF,,7\;, M$2,SK]L['^%Z,!+V5SY$6K\!YL- M!94+QT_^;,8Q&PV'W?2#V/R-\[]02P,$% @ ;%(43<@6!%>Q 0 T0, M !D !X;"]W;W)K&UL?5/;;MLP#/T501]0)4K: M!H%MH&DQ;, &!!VV/BLV?4$ET97DN/O[2;+CNIW7%XND#P\/*2KIT3S;&L"1 M5R6U36GM7+MGS.8U*&&OL 7M_Y1HE'#>-16SK0%1Q"0E&5^M;I@2C:99$F-' MDR78.=EH.!IB.Z6$^7, B7U*U_02>&RJVH4 RY)65/ 3W*_V:+S')I:B4:!M M@YH8*%-ZM]X?M@$? ;\;Z.W,)J&3$^)S<+X5*5T%02 A=X%!^.,,]R!E(/(R M7D9..I4,B7/[POXE]NY[.0D+]RB?FL+5*=U14D I.ND>L?\*8S_7E(S-?X=^-'D(QDG$?UZ[]=%SMM[=)NP!+ M)0[\GW2^G+Y95+B)Z9O_*'Q'L%TDV$:"[:L=CW?R!A^6_8FK$"9ZK\I:K^.K M,A&"7YR055)6))DI.)%'6]6;FVO-BMY M,V51B[V*]*VJN/J[$Z5\K&,:?RR\%I>K:1?(9M7PB_@AS,]FK^R,#"RGHA*U M+F0=*7%>QUOZO&.L#7"(7X5XZ-$X:K=RD/*MG7P]K>.DS4B4XFA:"FX?=_$B MRK)ELGG\Z4GC0;,-'(\_V#^[S=O-'+@6+[+\79S,=1WG<7029WXKS:M\?!'] MAN9QU._^F[B+TL+;3*S&49;:_4;'FS:RZEEL*A5_[YY%[9Z/[DV6]F$X@/4! M; C(G0[IA%SFG[CAFY62CTAUA]_P]H[I,[-G M$O6878=A8\R ()9]D&!(8LB((,\",(L ML<@2BBPG!-:M/!&$"5P\37 %)8#"OWH("MP]#50J!13^[4-0X/HI+-L@4![0P>5/I[7-DHG% 1!- CK8 >BTO!F=G!L" M!>R08A.@TPIG=.;K(% :T,$^0$&19Y-SFX(8#7UOV KHM,X9]0T'@@*.0[$; M4%#JU/<<" J8#L-^P$"I,]]V("CTKXK]@(%29[[O0%# =QCV P9*G?F^ T'^ M=T!&34DEU,6U8SHZREOM>L'1ZM#R;5W'1_[#NW[Q.U>7HM;101K;&KD&YBRE M$3:7Y,G6V-6VJ,.D%&?3#A=VK+H^K9L8V?0]*!D:X&PO=V]R:W-H965TL7[#N_ M>^_.YBX;I'K1#8 )7@7O=!XVQO0'0G39@&#Z3O;0V9.+5((9:ZJ:Z%X!JWR0 MX(1&44($:[NPR+SOI(I,7@UO.SBI0%^%8.K/$;@<\G 3OCF>V[HQSD&*K&4&C\"Y([)I_)XXPUG2!2[W;^R??.VVEC/3\"CYK[8R31ZF85#! MA5VY>9;#9YCJV87!5/Q7N &W<)>)U2@EU_X;E%=MI)A8;"J"O8YKV_EU&$^2 M^RD,#Z!3 )T#4J]#1B&?^1,SK,B4' (UWGW/W!-O#M3>3>F<_BK\F4U>6^^M MH#3)R,T139CCB*$+S&9&$,L^2U!,XDC?A5,\/$8SC'UXO%3??J"_10FVGF#[ M7XG[58D8)L5%=JC(#B&X7XD@F#C"11)4)$$(-BL1#//!?>]1D3U"$*]$,,P6 M%TE1D10AV*U$,$RR$B&+_UR JGV'ZZ"4U\Y/EX5W'B(/U/?)/_@X@;XQ5;>= M#L[2V&[S/7&1TH!-);JS3]?8H3<;'"[&;?=VK\;6'PTC^VFJD7FT%G\!4$L# M!!0 ( &Q2%$W@YHJZQ0$ #<$ 9 >&PO=V]R:W-H965TC5&^Z 3#H0_!.9[@QIM\3HHL&!-,WLH?.GE12"6:L MJ6JB>P6L]"3!"8VB6R)8V^$\];ZCRE,Y&-YV<%1(#T(P]?< 7(X9WN"+XZ6M M&^,<)$][5L,O,+_[H[(6653*5D"G6]DA!56&[S?[0^+P'O"GA5&O]LA5851"Q09N7N3X#',]"49S\3_@#-S"728V1B&Y]E]4#-I(,:O85 3[F-:V M\^LXG2076IA 9P)="#M/(%,@G_DC,RQ/E1R1FGK?,W?%FSVUO2F<[J]2\G9"/;L$ < M%(B]0/RIQ-U5B2',MW"0)!@D^2H01U=!0ICK3I+5Q0E0M7^R&A5RZ/RXK+S+ M5-Q3?_'_X=-(_62J;CN-3M+8Y^,ON9+2@$TENK&Y-':*%X-#9=SVSN[5])8G MP\A^'E.R_"OR?U!+ P04 " !L4A1-$76:\KO&AE7$$[[_LC8Z[J M0 MW@SV8<-.@U<('T[;,]19$G4A:,;[;O6-:2$/+//G.MLQQ\$H:.%OB!JV% M_7T"A6-!]_35\2C;SD<'*_->M/ =_(_^;(/%%I5::C!.HB$6FH+>[X^G+.(3 MX$G"Z%9G$BNY(#Y'XTM=T%U,"!14/BJ(L%WA 92*0B&-7[,F74)&XOK\JOXI MU1YJN0@'#ZA^RMIW!;VCI(9&#,H_XO@9YGIN*9F+_PI74 $>,PDQ*E0NK:0: MG$<]JX14M'B9=FG2/DXWM]E,VR;PF< 7PEV*PZ9 *?./PHLRMS@2._6^%_&) M]T<>>E-%9VI%N@O)N^"]ECSC.;M&H1ESFC!\A=DO"!;4EQ!\*\2)_T?GV_3# M9H:'1#^LHV&PO=V]R M:W-H965T- VSO0%119)6C.]VMTP+V=$BB[ZS*3(57PJ6KQ,N^SB/DXW:3+3M@E\)O"%'C%V#T(PY31B^PB0+@GGU)03?"G'B_]#Y-GV_ MF>$^TO?KZ(?_"*2; FD42/\J\?9=B5N8NW=!V*JG&DP3I\F2$H&UL;5/;;IPP$/T5RQ\0LUY(MRM RJ:J6JF55JF: M/'MA "N^$-LLZ=_7-H30E!?;,S[GS,7C?-3FV78 #KU*H6R!.^?Z(R&VZD R M>Z-[4/ZFT48RYTW3$ML;8'4D24%HDMP2R;C"91Y]9U/F>G""*S@;9 @+-<*&6@*?+<[GM* CX!' M#J-=G5&HY*+U]#C-YCKR3":B_\!5Q >'C+Q,2HM;%Q1-5BG MY:SB4Y'L==JYBOLXW63[F;9-H#.!+H1#C$.F0#'S+\RQ,C=Z1&;J?<_"$^^. MU/>F"L[8BGCGD[?>>RUI>LC)-0C-F-.$H2O,;D$0K[Z$H%LA3O0_.MVF[S MT?@F[_!IVG\RTW)ET44[_[*Q_XW6#GPJR8T?HV 0 T@, !D !X;"]W;W)K M&UL;5/M;ML@%'T5Q .4!"=;%-F6FD[3*FU2U&GK M;V)?VZA@7,!Q]_:[8-=U6_\![N6<F@Q9O*F.U\&C:FKG.@B@C22O&-YLO3 O9TCR-OK/-4]-[)5LX6^)ZK87] M=P)EAHQNZ:OC0=:-#PZ6IYVHX3?X/]W9HL5FE5)J:)TT+;%09?1V>SSM CX" M_DH8W.),0B478YZ"<5]F=!,2 @6%#PH"MRO<@5)!"--XGC3I'#(0E^=7]>^Q M=JSE(AS<&?4H2]]D]$!)"97HE7\PPP^8ZME3,A7_$ZZ@$!XRP1B%42ZNI.B= M-WI2P52T>!EWV<9]&&^29**M$_A$X#/A$..P,5#,_)OP(D^M&8@=>]^)\,3; M(\?>%,$96Q'O,'F'WFO.]]N478/0A#F-&+[ O"$8JL\A^%J($_]$Y^OT9#7# M)-*39?3]85U@MRJPBP*[=R7R#R6N89(/0=BBIQIL':?)D<+T;9SDA7<>V%L> MW^0-/D[[+V%KV3IR,1Y?-O:_,L8#IK*YP1%J\(/-AH+*A^-7/-MQS$;#FV[Z M06S^QOE_4$L#!!0 ( &Q2%$VY;G\]MP$ -(# 9 >&PO=V]R:W-H M965T"@SN@D)@83"!07AMRO<@Y1!R*?Q,FG2.60@+L]OZM]B[;Z6 MB[!PC_*I+5V3T5M*2JA$+]TC#M]AJF=/R53\#[B"]/"0B8]1H+1Q)45O':I) MQ:>BQ.NXMSKNPWC##Q-MG< G I\)MS$.&P/%S+\*)_+4X$#,V/M.A"?>'KGO M31&:\WV2LFL0FC"G$<,7F.V,8%Y]#L'70ISX?W2^3M^M9KB+ M]-TR^B%9%TA6!9(HD'PH&UL;5/M;ML@%'T5Q .4A+A-%MF6FD[3)FU2U&G=;V)? MVZC@ZP&.N[$)U4]9NB:C!TI*J$2OW#,.GV&JYYZ2J?BO< 7EX2$3'Z- 9>-*BMXZU).* M3T6+MW&7;=R'\2:YT=8)?"+PF7"(!#8&BIE_%$[DJ<&!F+'WG0A/O#URWYLB M.&,KXIU/WGKO->?W^Y1=@]"$.8T8OL!L9P3SZG,(OA;BQ/^C\W7Z;C7#7:3O MEM$?]NL"R:I $@62?TH\O"MQ#?/A71"VZ*D&4\=ILJ3 OHV3O/#. _O(XYO\ MA8_3_DV86K:67-#YEXW]KQ =^%0V=WZ$&O_!9D-!Y<)Q[\]F'+/1<-A-/XC- MWSC_ U!+ P04 " !L4A1-5?UJI;8! #2 P &0 'AL+W=O-)TD!TMLN@[FR+#P2G9P=D0.V@MS)\3*!QS MFM(WQ[-L6A<$3U2U:NS>D])1748E#N&X@O+A08G/4:*R<27E8!WJF<5+ MT>)UVF47]W&ZX8<9M@W@,X O@/N8ATV)HO)/PHDB,S@2,_6^%^&)TR/WO2F# M,[8BWGGQUGNO!;]+,G8-1'/,:8KAJYATB6">?4G!MU*<^']PO@W?;2K<1?AN MG?V0;!/L-PGVD6#_3XGIAQ*W8CZJ9*N>:C!-G"9+2ARZ.,DK[S*P#SR^R7OX M-.W?A&ED9\D%G7_9V/\:T8&7DMSX$6K]!UL,!;4+QX,_FVG,)L-A/_\@MGSC MXB]02P,$% @ ;%(439\.=Q.W 0 T@, !D !X;"]W;W)K&UL;5/;;MP@$/T5Q >$7>PDJY5M*9LH:J566J5J^\S:8QL% M/"[@=?KW!>RX;NH78(9SSEP8LA'-JVT!''G3JK,Y;9WKCXS9L@4M[ WVT/F; M&HT6SINF8;8W(*I(THKQW>Z.:2$[6F31=S9%AH-3LH.S(7;06IC?)U XYG1/ MWQTOLFE=<+ BZT4#W\!][\_&6VQ1J:2&SDKLB($ZIP_[XRD-^ CX(6&TJS,) ME5P07X/QN?4E!-\*<>+_T?DV/=G,,(GT9!W] M/MD62#<%TBB0_E-B^J'$+>5=!O:!QS?Y"Y^F M_:LPC>PLN:#S+QO[7R,Z\*GL;OP(M?Z#+8:"VH7CO3^;:?<#R[9H,V+;0$<>I5"V1RWSG5'0FS9@F3V1G>@_$VM MC63.FZ8AMC/ JDB2@M#-)B62<86++/K.ILAT[P17<#;(]E(R\^\$0@\YWN)W MQR-O6A<DH"/@#\N78/RHW]4?8NV^E@NS<*_% M,Z]'A(1,?H]3"QA65O75:3BH^% MQYVKN _C39).M'4"G0AT)AQB'#(&BIE_8XX5F=$#,F/O.Q:>>'NDOC=E<,96 MQ#N?O/7>:T'3-"/7(#1A3B.&+C#;&4&\^AR"KH4XT?_H=)V^6\UP%^F[9?1] MNBZ0K HD42#Y5.+^2XEKF,.7(&314PFFB=-D4:E[%2=YX9T']H[&-_F C]/^ MBYF&*XLNVOF7C?VOM7;@4]G<^!%J_0>;#0&U"\>]/YMQS$;#Z6[Z063^QL4; M4$L#!!0 ( &Q2%$T!^MKHMP$ -(# 9 >&PO=V]R:W-H965T9).5;2F;J&JE5EJE:OO,VF,;!8P+ M>)W^?0?LN%;J%V"&<\Y<&++1V%?7 GCRIE7G$T:W.)%1R M,>8U&%^JG"8A(5!0^J @<+O"$R@5A#"-W[,F74(&XOK\KOXIUHZU7(2#)Z-^ MR,L$8I5$NKJ0\>,G8-0C/F-&'X"K-;$ S5EQ!\*\2)_T?GV_1T,\,TTM-U],/# MML!^4V ?!?;K^(?D0XE;F(]%LE5/-=@F3I,CI1FZ.,DK[S*PCSR^R3_X-.W? MA&UDY\C%>'S9V/_:& ^82G*#(]3B!UL,!;4/QP.>[31FD^%-/_\@MGSCXB]0 M2P,$% @ ;%(436663/ZW 0 T@, !D !X;"]W;W)K&UL=5/;;MP@$/T5Q >$7=9)5BO;4C95E$JMM$K4]IFUQS8*& ?P M.OW[#-AQW=1] 68XY\R%(1V,?7$-@"=O6K4NHXWWW8$Q5S2@A;LR';1X4QFK MA4?3ULQU%D0925HQOMG<,"UD2_,T^DXV3TWOE6SA9(GKM1;V]Q&4&3*ZI1^. M)UDW/CA8GG:BAF?P/[J318O-*J74T#II6F*ARNC=]G!, CX"?DH8W.),0B5G M8UZ"\;7,Z"8D! H*'Q0$;A>X!Z6"$*;Q.FG2.60@+L\?Z@^Q=JSE+!S<&_5+ MEK[)Z)Z2$BK1*_]DAD>8ZKFF9"K^&UQ (3QD@C$*HUQ<2=$[;_2D@JEH\3;N MLHW[,-Y<\XFV3N 3@<^$?8S#QD Q\R_"BSRU9B!V['TGPA-O#QQ[4P1G;$6\ MP^0=>B\YO^4INP2A"7,<,7R!V>&=!_8N/B+[ Q^G_;NP MM6P=.1N/+QO[7QGC 5/97.$(-?C!9D-!YP\P!GP10;H$5:W42M%5;9\=X@1T!E/;"=>_ MKVT(QQGW7L!>9F9G%UCG ^,OHB9$>J\M[<36KZ7L-T$@JIJT6#RPGG3JR9GQ M%DNUY9= ])S@DR&U- !AF 8M;CJ_R$WLP(N<725M.G+@GKBV+>9_=X2R8>M' M_CWPW%QJJ0-!D??X0GX0^;,_<+4+9I53TY).-*SS.#EO_:=H4R*--X!?#1G$ M8NWI2HZ,O>C-U]/6#[4A0DDEM0)6MQO9$TJUD++Q9]+TYY2:N%S?U3^;VE4M M1RS(GM'?S4G66Q_YWHF<\97*9S9\(5,]B>]-Q7\C-T(57#M1.2I&A;EZU55( MUDXJRDJ+7\=[TYG[,.G?:6X"F A@)JC<'Q'BB1"_$>"'!#@1H$4(QE),;THL M<9%S-GA\?+L]UA]1M(&J^Y4.FF:;9ZH]0D5O!TCI$$G<)F)GG;'AQ\L:XM0M )T"T C A< CLOHT M0C(#Z<8RPL<,V=6N85$:H0RXW21.-\G*#'5K5_4F5':/$^A=+%S!*81S;GT^PF MX1U.HCF#25GJ9>96O-Q'(\;R?KII GFXZ[X!U!+ P04 " !L4A1-*O29 MM-D" #6"@ &0 'AL+W=OBU@O^4559<->A"SLIL!.ME M2T_L)U._VA>A5\'@Y5#6K)$E;SS!CBO_&2VV*#,&%O%6LIN\N_=,*CO.W\WB MVV'EAX81J]A>&1=47ZYLPZK*>-(\_O1._2&F,;R___3^Q2:OD]E1R3:\^ET> MU'GE9[YW8$=ZJ=0KOWUE?4*Q[_79?V=75FFX8:)C['DE[;^WOTC%Z]Z+IE+3 MC^Y:-O9ZZYZD46\&&^#> \&&#\TB'J#:#! Y*$!Z0V(8Q!TJ=C:;*FBZZ7@ M-T]TQ]M2TT5H073U]V;3%ML^T^61>O>ZQEFX#*[&48\I.@R^PZ !$6CO0P@, MA2CPQ!R/ VRFB)2,(5O 20R3B, \(VM/1GDB)\\IAJ0.C8>0$0T"TB #:<: M!82)X" Q&"0&'#CU+"#,3$$3,$@".$B<(!TFM9BF:QR2XS!RCG\*PRC,$(;I MI""=='HP+IL.$H_8A)-& QS-G' &$LF NCA=5&13)AC'B=./6P!&LA01F$X. MTLD!.IE#)Y_$25(4NB\I@(H)3F R*(35)@3HY*[<3$'N>[AYC!E3F1$^-*62 M.\JW[4%.:^K?3"A0 )\1!D+-2"B"Y0M!^N4V> ^Z/R*21'BF7Q"L4 B0G]R5 MJ!XT>K.C*$SFDH)U"@$BE,\H'8)5" $RE+M:!X)FQ [!\H*FLH#SN=Z'A0$! MRC"E"H%# MBE/92&_'E1X][(!PY%PQS3%\TL=VUD/FL*C849G;5-^+;M+J%HJW_109#*/L M^A]02P,$% @ ;%(436EU,>D/ @ &ULC57MCILP$'P5Q .MOAVP".AM3 MVPG7MZ]M"*67C90_V%YF9V9MO&2MTF^F!+#1NQ2U6<>EM9.EM1U;#3D3E+R?6?+0C5 MKN,DO@9>JE-I?8#D6<-/\ /LSV:GW8H,+(=*0FTJ54<:CNMXDZRV"?,) ?%: M06M&\\B7LE?JS2^^'M8Q]8Y 0&$]!7?#!9Y!",_D?/SN2>-!TR>.YU?VSZ%X M5\R>&WA6XE=UL.4Z7L31 8[\+.R+:K] 7] TCOKJO\$%A(-[)TZC4,*$9U2< MC56R9W%6)'_OQJH.8]OS7]/P!-8GL"'!:?M:.J'@_!.W/,^T:B/=;7[#_1DG M*^;VIO#!L!7AG3-O7/22L^4\(Q=/U&.V'8:-,,F ((Y]D&"8Q);=I#,\/44= MIB%]\I_#!4XP00DF",'R0XD89HJ+3%&1Z0U!2BE.,$,)9@^XO,6D],Y1S%&1 M.4)PYS 6*,'B 9>WF)2FN,@2%5DB!!.<(*'X5TT?\(F 4GKGT),[MR=!*&9W M*-#;L4G8(U9O02F=?] AHSLO09]"MS-1H&ULC57MCILP$'P5Q .V$ MZ]O7-H2FR2+E3["7V9G9)5YGK=+OI@2PT8<4M5G%I;7-,R&F*$%R\Z0:J-V; M@]*26[?51V(:#7P?DJ0@+$GF1/*JCO,LQ+8ZS]3)BJJ&K8[,24JN_VQ J'85 MT_@2>*V.I?4!DF<-/\(/L#^;K78[,K#L*PFUJ50=:3BLXC5]WM")3PB(MPI: M<[6.?"D[I=[]YNM^%2?>$0@HK*?@[G&&%Q#",SD?OWO2>-#TB=?K"_OG4+PK M9L<-O"CQJ]K;_I.$)K$]@0X+3]K5T0L'Y)VYYGFG51KIK?L/]-Z;/ MS/6F\,'0BO#.F3LXG29J1LR?J,9L.PZXP=$ 0QSY(,$QBP^[2&9X^01U. M0OKT/X?+&X?W&);.<)$I*C*]%Z$)3C!#"68/N$0P=*23#?UOW-]K&H3[91U RZ,H8-2%IR7Y,F=EM)=-,-&P,'ZY<*M=3=MNXU537^3 MD.$ZR_\"4$L#!!0 ( &Q2%$TM9[_-QP( # , 9 >&PO=V]R:W-H M965TR%I5]LY.JY,9.U3[1M1)\VP2514+3=)R4/*_BY;Q9>U3+N3R:(J_$ MHXKTL2RY^K<2A3PO8A)?%I[R_<&XA60YK_E>_!+F=_VH["SI6;9Y*2J=RRI2 M8K>('\C]FC(7T"">HR$H78&$?![>,DUJ(H')/- MXV]'&O=[NL#K\87]:R/>BGGA6JQE\2??FL,BGL;15NSXL3!/\OQ-=()&<=2I M_R%.HK!PEXG=8R,+W?Q&FZ,VLNQ8;"HE?VN?>=4\SQW_)0P'T"Z ]@%V[\\" M6!? W@.R1GR;62/U"S=\.5?R'*GV:]7<70IRS^QA;MQB8#XED,)$,)$(QP0@2C 8H01CF*4&8P)&.82)CA!H&D@&FP"Y=0'&0E<6VP 9X@,(E*6^'@0*6!+!5D" %V2A*XO-@ QQ M P3*?(N&H(!'4^P'%/A!%KBR%/L!'>('$#3V]"!0%KC\%/L!!7Z0!;R:8C^@ M0_P @3+?KB'(O_S)59]5"K5O6E(=;>2Q,JZCN5KMV]X'ZOHT;WUEV^&V>7VG M:7OIGUSM\TI'+]+8+K#IU792&F%S3.]LC1]L^]Y/"K$S;CBQ8]7VL.W$R+KK MSY/^3\+R/U!+ P04 " !L4A1->6I6FE," !=!P &0 'AL+W=O)T?6/_;,UK,PZ_T2ME&FZ4 MZ!H%9]+^>L5%*EX/+%I*3=[Z9]789S?PW]+<"7!(@&."KOV_!#0DH/<$;,WW MRJS53T21/!.\\T3_M5IB_A1@C?1A%B9HS\Z^TVZECEYS%(59<#5$ V;;8^ $ M T9$H-G'$M!58@L7Z?!C@=T2D6!W!>0T@6P^GN;',P\])+&0IO> 5S!$,R5+ M& 1A"J!;#7:JP0LU*+IS8)&3('ILIX=$$YTIQ.GLP^V6*(!2A.^XB9UB8H>; M.P2)DR!Y["99Z(S#&*5F" M8 )6;B4@=-_<<&GFWFF .YL_B8XSXAF:IC:+;\WLL,WNG:8?/-^).%>-] YI9]VX8?2DS#+1:]$W_'ZC>#L,LV"&PO=V]R:W-H965TSCG^,P8#VG# M^)LH *3U3DDE-G8A9;U&2.0%4"R>60V5>G-FG&*IEOR"1,T!GPR)$N0Y3H0H M+BL[2TWLP+.4724I*SAP2UPIQ?S/%@AK-K9KWP.OY:60.H"RM,87^ [R1WW@ M:H5ZE5-)H1(EJRP.YXW]XJ[WD<8;P,\2&C&86SJ3(V-O>O'EM+$=;0@(Y%(K M8#7<8 >$:"%EXW>G:?=;:N)P?E?_9')7N1RQ@!TCO\J3+#9V8ELG..,KD:^L M^0Q=/J%M=!W! MZPEJ[X\(?D?P'X3@0T+0$8('P90?M:F8VNRQQ%G*66/Q]G1KK#\B=QVHZNPQ2#GH;WI*-K3<3\,9; M[.:(>.)SOR#R#Q/^8BU\P_>'>0;NLD"P*! 8@6!4AFA2S!83&TQE,-%JE4P* MNINC7->+HVG=_PL;F0X738<+IN.)Z183#O;QDSA>34R',S=/X2J:'.1^KO44 M>''B+'N.%CU'"YZ3B>=H7ALGB2-G8F<.&Y]'ZP8-[A,%?C&]2E@YNU92?W*# M:-\.7SQ]'R?QK;O>M5WM(=/VV&^87\I*6$2U5W?1OW/(_L+4$L#!!0 ( &Q2%$V?($@Q?P( ,@) M 9 >&PO=V]R:W-H965T$ M".N]KAJ^L LAVF?'X;N"U)@_T98T\LV!LAH+V65'A[>,X+T.JBO'<]W(J7'9 MV'FFQS8LS^A)5&5#-LSBI[K&[-^25+1;V,B^#+R4QT*H 2?/6GPDOXCXW6Z8 M[#D#R[ZL2<-+VEB,'!;V%_2\1HD*T(C7DG3\JFVI4K:4OJG.]_W"=I4B4I&= M4!18/LYD1:I*,4D=?PVI/>14@=?M"_M77;PL9HLY6='J3[D7Q<).;&M/#OA4 MB1?:?2.FH-"V3/4_R)E4$JZ4R!P[6G'];^U.7-#:L$@I-7[OGV6CGYWAOX3! M 9X)\(8 %-P-\$V _VA 8 *"48#3EZ+G9HT%SC-&.XOUR]MBM8O0F+I1&,"2?%"2#T@:E;WR'Y4T!=Z7 M%("2 D"2#Q.$($$($ 2C#=%CXBNI/G+E#\X3@7FBCY=S&4VGQ'7G$\5@HOCC M15K>N4@(D2(-',#D]!@A0@B$9*T\\I12[L>A=(%<]0S'PXT -J#>A:KI?< MU0M['T'F3V8H8*\BR*SC#8>F)KRSL1%L001Y<+SC#.C13+!7$636=(8"MB&" M?#A9QJD1O;NK"#L1 5:,YRA@CR' 9/%D%:<@+QT[T;DZ(=4=YR=FQ[+AUI8* M>=CJ(_% J2"2T'V2E1?R6C5T*G(0JAG+-NOO%GU'T-;T! #V! &0 'AL+W=OQ<%T>E$37:G:=JD32;;;/O,Z)W1+(H%9MS^?0%= M8UVZ+\*]G',X1Y%\%/)9-0 Z>.EXKXJPT7K8(Z2J!CJF[L0 O5DY"]DQ;4IY M06J0P&I'ZCC"492BCK5]6.:N=Y1E+JZ:MST<9:"N7 'Z*?A*$V%%I6Z[:!7K>@#">_&<5K)Z$SS$_!,P LA3MXED)E -@0T.7-1/S'-RER*,9#3QQJ8/1/QGIB7 M6=FF>W=NS:15IGLK289S=+-",^9APN 59H,X>!!T@2!C8'&!O2ZPXY,5/TY2 MOP#Q"A GD/P3@VQB3)C,87J'2:-T%^\V6=[":)9FV7_R)%X[B<=.LK$S8>AJ MGP\DHG&R]>/!X2BC"?$;HEY#U&.(;@S1-\%)%*=9M/'C@:4?,<$;.VAU NV- M\)W)2]NKX"2T.0Y K0( &P+ 9 >&PO=V]R:W-H965T M)Q^)PU.U$L)PW[,!_'W_QO[5FC=FGIGB:U'^*7;ZN/ SW]OQ/3N5^E%T,SW>O<_^)F7 M!MXJ,6ML1:GLK[<]*2VJGL5(J=AK=RUJ>[WT_&]EN(#V!70H,&M_5A#U!=%[ M06+-=\JLU2],L^5G%NB M'K/J,/0*0SXBUK>(:#8;,(%1,,B@2,:*WA#0T1( X5@A@D8C6Q]_,)J.C-YB M:#X;Z?@<\T%(#(7$0$B&"6:08#;!"<+D(R< DX582 *%)(" 8((4$J03G !, M-MX;"!-A(1D4DMT21#DFR"%!/L$)P&3QR G".'87"?&!#L$&=;P5XL@$,L$- M F7).!< B"8.,3 9'@@%%-1!@8\^F7+V$2A+QWX0R'%X"3[^!)S_V/6*<0"0 M*0F 0-DX A H=V0 P2% 0 K$KO>#8X!,R0$$RF^^0PCD$H.C@* L<#T2' 9D M2AH@4!Z-_2!0C,50G ?T-@\BUP>+XCR@4_( @?)Q'D!0.A(37/4N%9<'V^8I M;RM.M>TQKV:'5O*!VM[G'=[UH3^9/!2U\IZ%-AV4[7/V0FANM(1W9N\?3>L[ M#$J^U^UM:NYEU_]U RV:OK<-A@9[^1]02P,$% @ ;%(43=R5TRFB 0 M70, !D !X;"]W;W)K&UL=9-M;YLP$,>_"O(' MJ,%D;1(!TM)IVJ1-BCJM>^W $:SZ@=E.Z+[]SC9%K,K>8-_Y?[][L*DF8U_< M ."S5R6UJ\G@_;BGU+4#*.[NS @:3WIC%?=HVC-UHP7>Q2 E*ZJXT*2I MHN]HF\I\=>3MS!HY&_1.>'FFQ)UD'/+](_F>D+S/U\(-G< M_#>X@D1YJ 1SM$:Z^,W:B_-&S10L1?'7M H=URF=W+,Y['8 FP/8$L!2+RE1 MK/P3][RIK)DRFV8_\G#%Q9[A;-K@C*.(9UB\0^^U*7?;BEX#:-8Q;:92?C<A,?^.?W-S:,4PQ6]MTTG-WZE5/\,'JR06T3A @E04OKSM\6=FXOM@6_JJ;NV%YX\MJV5/S= ML88/&Q_[]XF7^E(I,Q%LBYY>V$^F?O5[H4?!['*J6];)FG>>8.>-_PD_E]@& M6,5KS0:YZ'LFE0/G;V;P[;3QD2%B#3LJ8T%U3BT9IZ?O8UIUMA\G_'@8'A%- . ?@Z+\!9 H@3D PDME4/U-% MMX7@@R?&T^JI>2GP,]&;>323=N_L,YVMU+.W;81P$=R,T:39C9IPH0D_*DI M$<^20 /,%"%($=IXLHC'40X;$-" 6(/H0QH.Y&[4I%;364V21I&3; FI2)3! M,!$($P$PQ($9-?%BF9RDF<.R%L5)]@ E!E%B "5R4.(U"D+(00&,4A@D 4&2 M53S&[@$E*Y H=SG6&DQ2!).D($D*;$GLD*3 *LZVE9 F@4$R$"0#0!('!-"D M#D>VWC62Q?F#UR0'47( Q5EG!VA%4R\H@0M[ LC@D: 44+$JWN4M_4'&I.^D=N-*W M@*W59\X5TY[H22=7Z>M['C3LK$PWU7TQWF'C0/%^NI^#^4_"]A]02P,$% M @ ;%(436E#G2[= 0 9 0 !D !X;"]W;W)K&UL?519;MLP$+T*P0.$VERGAB0@=E&T0 L8*9I^T])H0;BH)&6EMR\715$= MH3\B.7SOS<(9Y9-4S[H#,.B%,Z$+W!DS' C150>X#+WMK,J=<092 MY@-MX0>8G\-9V1-95.J>@]"]%$A!4^"'^'#*'-X#GGJ8]&J/7"87*9_=X6M= MX,@%! PJXQ2H7:YP L:.N-Z_JG_VN=M<+E3#2;)??6VZ M]C M5$-#1V8>Y?0%YGQV&,W)?X,K, MWD5@?E63:?U$U:B/YK&)#X?0EK+WPZQ1N M=NE,VR8D,R%9"-;W_PCI3$C?"+Z:)$3F4_U$#2US)2>DPF,-U/5$?$AM,2MG M]+7S=S9;;:W7,HL^YN3JA&;,,6"2%29>$,2J+RZ2+1?'Y!T]^=?!Z3UBGVU[ M2#>32#T_70>X2[8%LDV!S MDZRK$T4T5 F;O,2($F=ZG-YEL@++];2AD]3@< M5.O[6*-*CL*X,JRLRZ@\).YQ;^Q'.T*AX]]DPOQ]IZKMA487:6SK^ =NI#1@ M8XSN;%-W=N27 X/&N.W>[E5H_' P0( ,P( 9 >&PO=V]R:W-H965TV'):U51\6_'2MYN;63?!UZ+2Z[,@),F M#;VP7TR]-7NA>\Z8Y514K)8%KRW!SEO[,]IDB)B 3O&[8*V5 M;^W(MD[L3*^E>N7M-S88\FUKS^K>-5*EX-631*13_Z M:U%WUW;(?P^# _ 0@,> ?G%6 [PAP)L%.#U99_4+531-!&\MT>]60\U#@3:> M7LRC&>S6KKNGW4H]>DL)0HES,XD&S:[7X(D&/RHR0.&/$D<#C!08I,!=/'F@ MF,VQZS5AIZG[.6(J;"#*+'YRG"\U<(DFE7 M: 4(+C%H66,\M%*D$%P4$%05%I[(HAXB0G X]P3)@G .Y$R.%7/._Z3B4M32 M.G"E3ZCN'#ESKIA.Z;[H!",'S#I?U!+ M P04 " !L4A1-)#W4:4D" "D!@ &0 'AL+W=O;+:>OZ"@@(5$)%P/)V@ST0H@))C-]C3'=*J1SGZWOT3[IV6]/I^V">I'RBB("^^F HV:G=&@F2:8%)Z,/J5 MA0[ MM')'CPGV:T4:V3.$UB)"[1_. >/8'B"R!HAT@.BA"\FB"T:3:DUG($.4A_FB MEK4LSOPLS^TXL14GMN"D"QRCB6=YDC3PEYU=JU":9@&RTR16FL1"DRUHDE6> M#T$>AXL>[FVR( R3T,Z36GE2"\_B+>Q22Z+(#Z(%CTV&(O\?+RNSXF1K'.0O M<++UMY,D41XL<"RRQT_,X'BSG[L%=M%SD#L5O79"_48SZS1JGY$:#@O[3HY@ M,S'?PYCY_0VS2]-QYTB%'#UZ0)PI%2 I_2?9KUH>&=.&P%FH92K7S Q.LQ&T M'\\$;SJ8RK]02P,$% @ ;%(430*+TJ?/ 0 T 0 !D !X;"]W;W)K M&ULC53!CML@$/T5Q ; O@R*N2O2UHZ]RP9\Q6 M+2AA'_0 /9XTVBCAT#1G9@<#H@Y!2C*^6FV9$EU/RSSXCJ;,]<7)KH>C(?:B ME#!_#R#U6- UO3F>NG/KO(.5^2#.\!/V*@*>BG]?Z0 M>7P _.Y@M'=[XBLY:?WBC6]U05<^(9!0.<\@<+G"(TCIB3"-/S,G721]X/W^ MQOXEU(ZUG(2%1RV?N]JU!=U14D,C+M(]Z?$KS/6DE,S%?X'=9SY;V'Q #X'\"6 3[5,0B'SS\*),C=Z)&;J_2#\ M+U[O.?:F\L[0BG"&R5OT7LN$KW-V]40SYC!A^!L,7S ,^1<1'A7A@2!Y0[") M$VRB!)L(0?(NRQ@FC8LD49$D0K!])S)ALH#I X9O4IXD<9TTJI-&=+(XP39* ML/U -V*875PDBXID'^A&]E\WL.6[N_F9=-C=,/J[_D.8<]=;%D-"X_PVP[V9+MED.#W,[P=;'K'R'U!+ P04 " !L4A1- MH#^H02X" #6!@ &0 'AL+W=O"6, 8;# A(I$ZJ:I6:J5HJK;/3G(3T!A,;2=,=U_;,(B"4^4%_'/N MX3L&FZ(3\E65 #IXJWFC-F&I=;M&2!U+J)EZ$BTT9N8L9,VTZ6V$%?-JP;V,E#7NF;RSS-PT6W".'P?>*DNI;8#:%NT M[ +?0?]H]]+TT.ARJFIH5"6:0,)Y$WZ(U[LXL@5.\;."3DW:@8UR$.+5=KZ< M-F%DB8##45L+9FXWV 'GULEP_!Y,P_&9MG#:?G?_Y,*;, >F8"?XK^JDRTVX M"H,3G-F5ZQ?1?88A4!H&0_JO< -NY);$/.,HN'+7X'A56M2#BT&IV5M_KQIW M[_J9+!O*_ 5X*,!C09S\MX ,!616@'HR%_4CTVQ;2-$%LG];+;,?1;PF9C&/ M=M"MG9LS:949O6T3G!?H9HT&S7.OP1,-_E>Q\RC248(,P$B!O138U2=3"A+- M*'I-YC2-TU!*4AK/4#RR/(I)[L@,4GR.)GE\<@HIH3Z<3(O3K; (?=>\,IK ML'H@SVH!2C&.YE_^4I62-+OSL>1>F-P#0_P&YL#T;N+H@3R#:+HS<++"BZV\ ME!%"\!P(30X8>^)_8_)2-2HX"&W.*G>BG(708"RC)[,\I?G)C!T.9VV;F6G+ M_J3M.UJTPU\$C;^R[5]02P,$% @ ;%(43;[V.#[1 0 9P0 !D !X M;"]W;W)K&UL?53;;IPP%/P5Y ^(%VQ(=@5(#575 M2HFT2M7TV0N'!<7&U/8NR=_'-@012ON"[>.9\8POI(-4+[H!,,&KX)W.4&-, M?\!8EPT(IF]D#YV=J:42S-BA.F/=*V"5)PF.H]TNP8*U'KL'+H<,A>BC\-2>&^,*.$][=H:?8'[U1V5'>%:I6@&=;F47**@S M]"4\%-3A/>"YA4$O^H%+9+#=YCRQ"B8PC_ %;B%.R=V MC5)R[;]!>=%&BDG%6A'L=6S;SK?#.!.3B;9-B"9"-!-"^E\"F0AD1<"C,Q_U M*S,L3Y4< C4>5L_=#D[2 MV-OCS[B6TH#5W-W8>]W85S\/.-3&=6]M7XUW?QP8V4_/&L__EOP=4$L#!!0 M ( &Q2%$T^Q$01! ( /4% 9 >&PO=V]R:W-H965T<&W?39K&^Q\X.)5U@#*>VM9)W=^K52_14B>:FBI?.(]='JEXJ*E2@_% M& "UM4='_KO$R_- MN59F A5Y3\_P'=2/_B#T",TN9=-")QO>>0*JG?\AW.XSH[>"GPT,\J;OF21' MSE_-X$NY\P,#! Q.RCA0W5QA#XP9(XWQ>_+TYU>:PMO^N_LGFUUG.5()>\Y^ M-:6J=W[F>R54],+4"Q\^PY0G\;TI_%>X M-R0Z+?<>),VJ=WNDC%V\E%H[3T M;6R;SK;#N))&4YF[ $\%>"X(X_\61%-!M"A (YF-^I$J6N2"#YX8/U9/S3\1 M;B.]F2BS@B.;H:HTGS/&KPC0;?*_8.13)+D :8*;"3 MOZ M^(YB 3%*B)5T5A)&.-AD"Q*'#*<*M&'PI#>E MUG?P/&!0*=,ENB_&FV@<*-Y/ERR:;_KB+U!+ P04 " !L4A1-178M-"I1G21A-,Z_HB?M]3JG>!7 X.ZZTES'B04"#@=M M'9AIKK %SJV1P?@S><;SDK;POG]S_^RRFRQ[IF K^._FJ.MUO(JC(YS8A>L7 M,7R!*4\>1U/X;W %;N26Q*QQ$%RY9W2X*"W:R<6@M.QM;)O.M;+N4T17-WOG119"F"-!XH3?%8IF,%OZ.6XIPAM_9,C2( M0@,H'@E=[IB\($GAL01D*3MEUJ^G*\G,:!%OUT[Z+Y\J_^ 5!+ P04 " !L4A1-Y%QT M-(0" ^" &0 'AL+W=O^$-(<)[[;N![_Q&B/$Q"'C=D![S!SJ20;XY4]9C(;?L$O"1$7S23GT7 M( "2H,?MX)>%MAU86="KZ-J!')C'KWV/V=\]Z>BT\Z'_9GAN+XU0AJ L1GPA M/XCX.1Z8W 5KE%/;DX&W=/ 8.>_\)_A80>V@%;]:,O'-VE.E'"E]49NOIYT/ M%!'I2"U4""P?-U*1KE.1),>?):B_YE2.V_5;],^Z>%G,$7-2T>YW>Q+-SL]\ M[T3.^-J)9SI](4M!L>\MU7\C-]))N2*1.6K:69<6^40(7 ')7&B)!8*!"9*8F6!>1R:++8*I6%VYY)3)TSJ M.)?<@'%HC&NL4HLDR5#L!LF<()F=) 8&2&;7"V)HX%:V"J8()&Z8W F3.V"@ M 9/;,+%!8DM"%-_Y"4'@[B3 @8+,5@)L%A@9P)5#!6$2WNDZ\$YG@PZ>T.2! MU@\V@1D")I MRY+4.J!@TW5[PBYZ0'&OIM=!J/ZVL:Y#\ FIKFW8]VHXZF[^ M'F:>K-\QN[0#]XY4R)F@._>94D$D)7B0!];(8;YN.G(6:IG*-9LGVKP1=%RF M=;#^92C_ 5!+ P04 " !L4A1-[9(BGWL$ ;%@ &0 'AL+W=O:QO[PWAUKYMO[GGJ MNNM+%+6[DZV*]DM]M1?WGT/=5$7G;IMCU%X;6^R'3E49D1!I5!7GRW*S&MK> MFLVJOG7E^6+?FD5[JZJB^7=KR_J^7LKE9\/7\_'4]0W19G4MCO8/V_UY?6O< M7?2(LC]7]M*>Z\NBL8?U\E6^Y"KM.PR*O\[VWLZN%WTI[W7]K;_Y=;]>BMZ1 M+>VNZT,4[N?#YK8L^TC.QS]3T.4C9]]Q?OT9_>>A>%?,>]':O"[_/N^[TWII MEHN]/12WLOM:WW^Q4T')[6=G4U17%6JN+[ M^'N^#+_W*?YG-]R!I@[TZ.!R_U\'-750/SK$0_&CLZ'4GXJNV*R:^KYHQJ=U M+?I)(5^4&\Q=WSB,W? _5VWK6C\V<1*OHH\^T*39CAJ::>1#$;GHCQ2$4FS) MZT[/"7)?H6.<0<$BU-!?S0UJA0/$,$ \!(B?1B%AHS!J]*"Y#!JE1:I9*4!E M) 7,)-!, LRDS,RH269I3";XL/HB*84VV$L*O:3 "RMYFWIIB(@9SH%(IQFV MHJ$5#:P89D5[63*9<2M -"_JR8J!5@RPDC$KQA_\F/ASS('*:!%87ADTD_EF M4L',9%X:1;,LHQ<@TK/!>[(B!::) &8DQXGP$PG%)R]0468"CTD&X":!'>)V MI)](Q7Q=(U42@HR$('R5!.PH;H?\1&FLN!U?I61H:4M,3:F '8_]RI^A&6=C M#E0J$Z&'A1DL 813#N%)]+RL8KZJD$I3:"IC"DN X91C6 +$4B:X'5^5""D" M=C"()2 Q?_ELI4_9.!&>'5\EYZIG.QC&$M XY326/FG=$LZX'5^EE B\&B0& ML@1$3CF1I0];DVK#[0 D"Q$$#V:R!%#6',K2!V[LNAN4P8RP2PK#F6 M"0!7:0X>I*(XL%LCC&4"6-8$H"RU)R"0.66 M7\ -9C(!)FO.9"CB7@"1TSAD!A.9 )%YT5L"K.5?$#D041J:PYC'!'BL.8_) M)ZWBF\05WEF?)$)K2:,8@(HYE3;D@]9_\4 1 Y] M2< -)C$!$FM.8BCB9GP.)Q3R@BE,@,*&4YA\OB9\_YP#D=:!^:LP@Q5@L.$, M5CY=I?=&0"(3,H,)K V#2P\MEJ),<,BA1X M&ZC 20) J^'\56BWRU\&0$0F#8T,!K " #8]'002D:2 &\Q?Y?/76]B39GX4(V4F)?_01#HWRM[A1#0[4JMLF_Y>-,?SI5V\UUU75\.Q MW*&N.^MLBB]NP$ZVV#]N2GOH^DOMKIOQN'*\Z>KK=!0;/&PO=V]R:W-H965T!'LX<^8;$X9\I.R5-P#">>M(SPNW$6+8(<3K!CK,'^@ O;QSIJS#0F[9 M!?&! 3[II(Z@P/,2U.&V=\MLP^[,'0L?"]=U[X+F] M-$(%4)D/^ (_0/P<#DSNT.)R:COH>4M[A\&Y<)_\794IO1:\M##RU=I1G1PI M?56;KZ?"]100$*B%GUW_ZQ[E[T<,8>*DE_M M232%F[G."<[X2L0S';_ W$_L.G/SW^ &1,H5B:Q14\+UKU-?N:#=[")1.OPV M7=M>7\?9_YYF3PCFA&!)D+7_EQ#.">%[0J2;G\ATJY^PP&7.Z.BPZ6$-6/TG M_%TH#[-607UV^I[LELOHK8RR-$/0,EV50)#-K*8I/:,5(K1FK! M\ T,B\9\-.F&- QB.T=FY<@V-;+0P,@VCS](LL@ V8I"+S9)T.H%[H!=]*SC M3DVOO5"ORBJZC-.G0 T ([Z78W::BN\VTXS^CMFE[;ESI$*.%ST$SI0*D(S> M@SRG1GX6E@V!LU#+5*[9-!RGC:##//?1\O$I_P)02P,$% @ ;%(43=>& MC_0L @ S 8 !D !X;"]W;W)K&ULC97;CILP M$(9?!?$ :\Z0B"!M4E6MU$K15MU>.V02T-J8VD[8OGU]8"EAK6YR$7SX9^;[ M'3(N!\9?1 ,@O5=*.K'Q&RG[-4*B;H!B\0%79XS/\ M /FSWW,U0U.68TNA$RWK/ ZGC?\8KG"YQ8&,1M[VLF!L1<]^7K<^($& M @*UU!FP>EQA!X3H1 KC]YC3GTKJP/GX+?MGXUUY.6 !.T9^M4?9;/S"]XYP MPA^-YK_!%8B2:Q)5HV9$F&^OO@C)Z)A%H5#\:I]M9YZ#W4FS M, > H($V/>DAFKG[#$5M% M=:-1LK2:::<))@53VJ43D*K&-WH4O"NP@4G5HDPC.3$F0:$$#\IIHZZ6:4+@)/4P5V-N&ZR= M2-:/=P>:+K#J+U!+ P04 " !L4A1-W6?NU^ ! "K! &0 'AL+W=O M&BV)C:9DG_OKX02E,BY05[QF?.G!D\SFV#,$AD9OQ9.M*:T@=O] M"_LG5[NIY4(5W OVLZ]U5Z!;%-30T(GI!S%_AJ6>% 5+\5_A"LS K1*3HQ), MN6]034H+OK 8*9P^^[4?W#K[$T*6L/V > F(UX X<[7X1$[Y1ZIIF4LQ!]+W M?J3V%T?'V/2FLD[7"G=FQ"OCO99I&.;X:HD6S,ECX@TF6A'8L*\IXKT4I_B_ M\#1\@^"PJ_'@"))_".)7&CTF?'&UJ,R]. MU_>I_ -02P,$% @ ;%(43&ULC57M;ILP%'T5Q /4? 82$:2&J=JD38HZ;?OMD,N' M:F-J.Z%[^]F&T#2X4_Y@^W+N.?<8^Y(-C+^(!D Z;Y1T8NLV4O8;A$39 ,7B M@?70J3<5XQ1+M>0U$CT'?#1)E*# \U:(XK9S\\S$]CS/V$F2MH,]=\2)4LS_ M[H"P8>OZ[B7PW-:-U &49SVNX2?(7_V>JQ6:68XMA4ZTK',X5%OWT=\4:XTW M@-\M#.)J[F@G!\9>].+;<>MZNB @4$K-@-5PA@((T42JC->)TYTE=>+U_,+^ M9+PK+P<(%3X1^B-$I&A'DZ MY4E(1B<650K%;^/8=F8<)OY+FCTAF!*".4%I_R\AG!+"]X3(F!\K,U:_8(GS MC+/!X>/'ZK$^$_XF5)M9ZJ#9._-.N14J>LYC+\[061--F-V(":XP_HQ BGV6 M"&P2NV"1'GP4*):()+(KA%83H)W8C M:S&1I9C$3A!;">([W,3+.OTH77MVG9559[70"?WH1L>&^<1,8A5)+&92.T%J M)4COV(W4LAOIVJZRMJJL[]B+)2;V;D70U;VCP&O3HH13LE,G]0F_BLY=\#'0 M]_8FOE/=<6QF[S1C:_V!>=UVPCDPJ;J"N;L58Q)4B=Z#.A>-ZN;S@D E]311 M&PO=V]R:W-H965TTY96F' _':'*XB0,.)A M_%&>=O]*(7P=/]RW,G>>RQ%0N,+H=WEFQ<).;>L,+^"&V#MN]U#E$]F62OX; MO$/$<1$)?\<)(RJOUNE&&:Z4"P^E I_=O:SEO57^#YE9X"N!WPN"8%(0*$'P M%*23@E )PE[@S28%D1)$3\'T&V(EB'N!'T\*$B5(GCGXDX)4"=)G2'(+.5T[ M9'_7@($\([BU2+=#&R ^!&^>\AUT$HMRP\AGO,64K][SR',SYRZ,%+/L&'_ M>$-F96+\(;,V,<&0V9B8<,AL34PT9'8F)AXR^S'SC-CA5>M+YQM+YTMY\"+W MTO\8!$:#0!J$@Q@3K?8F)M5J;V)F6NT-C*_U>6-BM#YO38S6YYV)"OF MF=[;L3RC9T'J%G;,X>>FP>QO 83V:]=WWS:>ZE,EU ;*LPZ?X">(7]V.R14: MHQSK!EI>T]9A4*[=S_YJFRJ\!CS7T/.KN:,RV5/ZHA;?CFO74X: P$&H"%@. M%]@ (2J0M/''Q'1'246\GK]%_Z)SE[GL,8<-);_KHZC6;NHZ1RCQF8@GVG\% MDT_L.B;Y[W !(N'*B=0X4,+UOW,X,@SM!%!3*88L $$TPRQ6QN,<$4L;4@_@LA:7)T&EB=!IH?35PL9RX& M3*PQK<;XWO";F7D .+$46BV%%DOIS-* 2:^4O(7G^3,_]U 3,Y'53&0Q\\D> M(+8&B.\7N(@_6+?$JI3<*H6S&RJ2&Z7X/:&E56AI$9J5OEA^3"BU"J7WGX0B M?>B.T=6;JUKO#\Q.=A7M:14@(SH+:3K2G;[<4&@%&JZE',V]+QA M(6AGVCD:ORGY/U!+ P04 " !L4A1-6OWQ005< !030$ % 'AL+W-H M87)E9%-T&UL[;UY<]M8EB?Z]^!3(')4W7($1!,@P<59G1&R;&>Y MQHO:DC.C8^+] 9&0A$J28 &@9%7,AY^SW0VX("F7.^:]>1W176D1VUW./>OO MG//GNF["W:;X^RZ_*'>;YM]^2D?)3^&W]6I3_]M/]TVS??7R9;VXS]=9/2BW M^0:NW);5.FO@S^KN9;VM\FQ9W^=YLUZ]3(;#R>7S2]_?HG/\'.C\&.Y:>YK M>&:9+]M7_[K;#,+1, J383QK7SS?W0W@@O^B'L^Y=SSMV^6.+_E=43=5!L]] MRM9YYZ5?/X>_?_[RX4WX_M-%SRLNX*-5MH*/+?-OX?_(GWI'=OVT[7PA'I[] M>^\#EWE5E#B;9?@F:SK/JL4*_MM_\RX7O&-)[WFWRN[:5V^S5=UYX\6NJNB! MHE[ E/XCSZK>KY^=#4=GH[AG5=X5J[P*+^"YN[+J+,G5.EOA]2_YMJR:8G,7 M7I3K;;;IW*C6N%RO@::NFG+Q1Q1>$6&%GW=-W0#UP>/MQZZK#'\.KY[6-^6J MNZM?/_>NN4Q=EOX=_-PAX7_O3+K]-"V<]]F+K;+/(84)P MRFHX,E^OWH2G)R_:#WW,*MCHV$_X:L_.ZQI>TKF:U?=T1!?XC_SON^(A6\'M MG1O/%PMD$W58Y8L<;KI9Y3 @H.QE9^7S3ULZ$(& MDWD' ]^H=C#O+_E#OMEUWGM=-K!V^^?SJ=R<[;_CL@)N5@'1X*APPEOA1^".-)ND8%J3>YHNF>,A7 M'?I\OP$*O"MPL?Q3YCD='C7?U[.'\N2'(KLI5D53=+FJWKUM]H1;USEP]W#. MPB:OUN%-657E(YR.[LIE3U6Y6D5AOMZNRJ<\#V_R37Y;-'44UK!E%1)KA_1W M>=B4L$B\I-NL\HWODH<5 C^&'8!-J0L?5[[.ON6]2K>ILM\G_["0BDSJN'_*=?POWDNF=S M/I3 BJYQ[??<]%:M^6M>\_#SS:JX\\HN_K!YZZK_K7)K_PW(68L&3PBOZP*$ M,]!&OEG S>'II[+)PWC2X4C$@N_+U3*OZG\-83V+1=&T;_I< 1/.JB?1!%Z% M)\/!TPO,&*BZH>,+NXPS/@]AQX4ZCAEVO'?4 MJ;Y(@V[?^CUC/E\NZ>C MA(3+C; VK<%;+/GO%BO MP\OA[QX^?10)=.B/)GO4H_LDY>EEAH?N/F\*$+^R+\ SWS)_H4Q!*D)JT;*^@P$0=3!]'WA M'*+W=(C"TP]E7;\(3[]NLAT6 M$RY9MEP7&S+%D.UIU;)SGH$/5(J-*.W$HP'>YG7-3!*E=['(ZS/8AX>\;MAF M73X4M<\NR5PS,3I4%.ZR9#WW/1IBZ5>X;[A(WP/H/7RHRABG! FU+(*&];VQ?>YUM_@@7<-;N/"K0-[@ ND=X)Y]:X:<\ M*G<.9-FH2?>L#8UA[[KP-7#P?;^3 M!K%@HY88#[""FZPN%D)YJUW3Y62O]0UO^(;P][RXN\=_G*-R#@OW:;>^@3<# ML2F+^:"I[.55:IL[1""[_Y*WB%<"!K$1PV_QA!;CIEYY#X3[J0^>]=G#8LF0 M?0>GHSZ.A=+]MW2_?0#P<*-F1:R*ILF1 M#=UV5220?TH5Q1DICME]>0%7G]"UD9EUZJP['6$4"F(1TX@M$Z4S7W(G/'E? MILW:R^/-VKT&:MUGH+YMF;QAV6M^:>NQ]^@_FP:\Q,O$+L_!_Z'T.D2_QK1& MHG%<(6_[B 9D*A'U(L^71&N*\(Y_A9[TOM$>.J&WK)[OGZ%W>7U/^AZ$LUJ1 M9P#V8YGSOU^P!57?=RCB]A9L,%R#7,DEV+<\7 B!E_['<%814-%=L=G@B/#L MDB_1?V..ME_?+5>[[79%+! V W9E 6QH5Y&:ME"+!\/73N[.:M$2DYG(K(HE MYZ&[^N7:G@%MRLT9#IC;49MZ84G"VL>*Q"GIT^X]3V; 0.L+ZN#?_GOLR09_GRU6\!J M@N9+?\<_A[#&<@E>)C^^@-6KM&-^P8YYT%S)_LZW, W4,9()62?POX^PWB4/ M&+ZWVX!5'X+V%:ZR1V(G\.^@QNGC'Y_RAVR9X>$QKXKG]*KQ@&9T5=XVCZ@2 MG5X^-(,7X8=BC:)^W_3T'*ZN/G1G!IL"A]V>]HLHR,*KJ@@_@#::H>:5+]5$ M>3YX""I8 O:,V(--$ASL+>^\$SG=WH+"(23V<1H9, T6F]))!^'D#.[K@ MO1XQ74;[Z#(X1:I[P7JY?1ONGADBW/0"!$F^(,4](\]S!9((&!M[[Q0K>BR: M^\[)AK]?#( (0<-'%C'VF08UBVO#@+S<)0'NXKT[O(8]E2A<> ]+N$6UC$@, M+F0+V4%F"49+#VXUBZL-BR.+WGYD4S:B$\*OU9(L7)IIQAH>WK.M8->*+;HD M[M@SL'K"ZWCTEHKJOFX*;1O@'(+S-8C.!9"%D/O7P=4@_/7\_%(1^R $HSK, MUJQ(RFOL*83^*< 6TI_T:7KK$H@TJ^H!V%VP0@^\>4!5"U"04&??DH+,HEQ] M,$"3H"01C6>5OBT1 [EQ:VU"Q(NR@>,!2X?:Q\8=ZH:U&!30\"FM!,"8?BTY MC HK6_%F]NZ9=\(!S>@FSS=FYU&JA7>E/$\O1BNU5B<-@P48*Z*]P*F!1K6R M/!Z6 8!7:[A0WZ(>P) M&U1E5O#B'1X.N.=F!X('F-< IU0?LW'+ M$JE-\9<0R=DR5]@.P!G);J"-!T?Q*6!)17]72](B:/ E"[/%"OXN;H'2U.A) MQ%DS:.ZS)ERC00ZK"!N%+)>#'^5NQ0N@CA=/9Y0&Q3F>U@71Q MP+68R<+]]GR'PVR@V!,<_IR%2C<3*+QG&,,@NN=S_P,:N R%7A)OLCDJ ;U[A:I N^6N#@YM,K;6V"$].&RO;?"D= Z(]K& MK1ETC<;U&ADAZ8EW&V*BB(,PDO\2.-BB']5@WW+(>AJ!?G/P@X%^FU:%7%MN MO_CT676!DC>*0^^4'D0.419Z]"54%UE;!%7XU-+.:Z-$GFI#[<7 *(,1:X,% MR]HMA4"59HWB"S7I>#C\D]&@88I[E=?P>.5UL.>&H@ZZ(PJ](WJF3L_*6VWM M(CDQSM0WU$H'G94VZDR.YLA&:7(+>Z,'X5=6,][6P&%(C<$7G=?U;KWE]US3 M:42%2$O^P[H4?P>5/C1^Z)23!NG1:_T*<(4N7G1I6.<9SN(Z^P/8H#/6S!HK M'?*,_%8!GTNTXG.MC+9TLE4K+&\<.K5,DZ$@3>]#S!:68MLS;Y+E"%KF0-]X MA-6P3%2 ,HO9&4\$Z\L#X,3$PON702U>X"X>6%_5HH#]MLGI;[OE'=XP"-\3 MQUSEJ-&C9[!$#>TIW *GH^"QXJ#ZPVK*N7849KAF#,^(,-2W8P<..;+HAD51 M+79K5!L62F/,OQ4U+M734.5:]K:DA.0*39_&"$H1@"[A$>/S4:$'JH!HJ MGDQAW!L4(>0^%VD+LA8U7A1BPL[9L8=R!(@9E_T!AS$@;HK8@KO54R1,#^:[ M0FU@MVI0].#GE@4L3D7^7:#(LMY#O:3APY?KQMD@WA1KY6/T4!-J M\? .W@FEULL/@4OK+5)O'PJV%E>H@BMG!J,(VVC)0?BEJ/_@A[YNQ":DUUB6 MM2A@M:T*DZ6YN_D;G=K2F7P%;Z07[IP7LJS!Z6L2B,NQT,4*/BS0A2;;*\9@=:LV-+.'Q$^9;8<']:D-#[@$UO6BDEZ2\(?TAD8>D,Q09FL),8(W( O3?P>DT'EO[8HHE% MYSN,<^2=)68 1TAD";U4A0M\,&#MJFE3,\30UDR"L\"OZB* MU9/VM]"MN+FK(SDE^MBH4%#L ^@ M6=[D@; /=Q8F(XG: MD/S!V\$$9LE?5'H5&&1*!Q-W)MW0Q@82SH>F(;2,(Q"A;H& MG7-7+%=XST.1/[)6DF>+^]9#@MA"IQI_4'Q4CGO3'9]%=5\LJJ.8F06G"-Z4 MNYOF=K-9HG9O\H7QI#O&-&CM['S1<47MG<)?D1+AW""N>JL, M1!*>&!M?DEJL['/1",0@L YO0*%LI"\QZ0?A7\I'=/:3'E+Q28/=?"@:TB_+ M!7!2(@U],FQ>('J9+0^ [)"";O0H>/CR?H2H1.S,A>?@)@OZ@2X=C2D;A+_? M%T(E^(,])YIQ39SH)B?=>U=A:!59&1D#=:U<#(KZV1WZ!YR2^[)<6MY4M=?\ M(JU*H<+D<@E[ OS:#%%&M?@>+'>;]5:'^#(V/H&%;U"$HC\V>PIYLJW)-6_)>9A]=M=H-(N%"KMVJ#2:(JWH% +BEZ0:T6N@M5M MW2)0&#?;K4+'F-DV:A7V:^CSEM)C6;"["LS)G"F]SNU/&W>% M")MU B7H%$ MO-YP# H1;[@R+^%+"(#+ZA9O5W@\B7[Y[?=ECC)1NT;4/+V+$]"$VV.SPF)* MOJ!9Q9A4&S6CA);@^"FOU,@2W#P@%[DJBVN^!6^^!Z6VK,@FJ%B>"+:YC@CA M5KL.A$.S\7R!+!O!459BA>LY&(=$H-P0-DG9 28@#YH_"0)\J2@Q; HCUW16 M1L!/PCU@357\D)W;957\ M0SFST'.-$<*S%6@ X3H'ZP9$Y8/("*4L+9%D4,JL8$4T5U(9=CPU%E_F";!_ M'I!R67=DU[_R"L$B?GK_ 3A!"Y"NER2PE^29PP\]PU<82B42?1,PCJRG "4T M'(H<+H(4P[B&,>1ID&1A1&&!=(\>Q J/_S8K*B8A,D_S#7$6*TBDOZ&4;MM3 M9LV8'4(<-LZ_-;E8:WH3;K6"XT?A1O0!H4Q:;A6= FN%4(*YRK; 6=GP2E&G MFDCLK+I1QD8FSN$>"B0E?0TS6!I&<] O3>[N#F'=VB#=GFH>Q3\-XF'6!?O%]TT.25'_0.!I\QPI2;E=-ON6""JZQ+ MIV^R)L-3CIHHI9&H2R_"D3SV>W[3SJ@(QWPMA($!@0C3"3!;\NP#0@@ER;9E M5Z"]@PX"N&M%=RDJK7>+>U+D9.NC< M"JHE<$F#DI/DBZO*H](O52OXJX\IR MWF&5VV,+:M\Q@:80L=B(68BC$-%&[5#@]X(Y\3[ M5?N(!,PA:L>K[?DBV2C65G"R28D$9Q)70LFE2KPJ*^MSRPCI>37U#W31N6W5I2;?QE&T/D^;>"?*\+XJ*HD&TL:N-,QX93W.[ MC*(-1L^'>>W:FH627U4N*\AQ5MEA8A=ZC15"6FG:+&VL0XO0-,1XL\MQ4V-< M)C,+'2D;@L05EYPDS>/:*ZLL^H/>#NE5:#C4-EQR#CMR =.ZOOZLL>N"CJ!H9(6GW?6JJF?.+W\S<'<.C(?HDL@4KS5I;!L+ M0%@R_V1W_OO&$A=LM*#59Q0[VF#0D#=,RO14>$Y+#Z;!2@XS"]^"!I&A$(MD M#OCPWZD,BWH9+Q1=061_;J0M/,9#B)]%+0:UJH01U>-"NV/]"FI3[9,NL"V$QP5Y;+VHV(:)"Z MA P90&EKRT1LXG2OM>&)1Y9/.KS!:-/JXRWNB0'O9@4C*#;&'<8B N.]W7'Q M7FA^"(+\ ?T1^59,5H0DL.ZLE@ =\)5W 5\%__+?YY/I_.?P/?+CXO9)S8*N MD^M!QS8-1%-6Y&?_TQ(99HW.!-V4=BZO,P^_46$]1K,8S8HYF;D12P*(>>BY M3^V7__-VO@-_GP+;ZM5?%+5HHB:BP8-9.[O'R'WRF_9\R0VG-$];U&XH7" ' M#!F:"L01Z):KZ&!MI2JB?X-64W%^@1VZPSE2MKPBR(>,[1Q'4()%8\)Q3LQ/ M!B#\:T,)\L0"T&^ *A(,T_)&FIN(*^O:)#0Z1'EP=',E.$8"C]Z*L'HLS6>) MX@0)TVBKEY=!%AMU^2>B7I."%U[M;NH%>@@I\.! MLZ(6&5VP??,'3'1=@!&*PUS$'Y #JK%BXQA; [V"P>>; M_%'*'G@6DFPI\NDX[@1<.?6DN 58X\<+]O-*QPYV6RSL4E!X09Z4B(S)^[)Y M)WGQU!<%<$3!?QDNYO(<$LKP*$;]4<0$RZR@?RG_.1EQPKX])N&*[IJT:O@0DD,]TOV7]/@S=M/X:>\P;RA.DSCP6@4_@G_.YN%?PH^ M?/YP$2:303R%'[$('/SV,5\6L(GK+)P-1OA[/$AG]/O=/=BQ&9A7TS'\G SF M>/MUN86%O/X-_L;;PND@3>!GDWQ\C9(+V%,R2.;T-OP/^L/7B%8&DJ2*.?%@ MB"^-X:X8+M-OB##,GX#'XU4OA\,D$@ !$]Z("+@5DQ M&/D87AY.!C-X6Q /Y1G]#[69[%_?FY85[-]%/CPW3YI;O0I4Z9*]FV4+R"H\ M"6=)-)X-X1\QU@8<)X$2D: _1Y/Q+$S'T7B]^E>!D_M!OZY2J1?> M6$QK%%!;K%369N<=)7V98YQ"Z^=K*>GE,*S(TJ&4O\ARP++Z2J@VD CD/7+R M7LV]%,#,MV=M^IQRW#=T:KP&RX,G%J/O'?I)1.-M_:HN^(L,!%)-*A6 MN.-J,YV!*4O'74=;FI/\#A3(3@NKWAL^&,9Q(= PB# MS59/I*T9I9@TX9:>'5K%.C#UX1]Z!QQ#TAJ(LTT@SI=([@%&IPA*S>?DM0*$ M_*[4"^/O\MGAC+$0$)Y[.VNC"LC59TRCR]XI#>OX<^6WEZ 6WQ2KEL7W" MMKP/Q/-_H5HY=;H&$Q!>C1M.I#,G0JP4I')%J T/L*0/Z39BV>S;?:$S15@P=Q3_D0;,9N:]*C2'6<7Q:!0- M)['M>EO;.T7[ZPRT \A\S(I&G5=GFR4;27N;E"BTPX.,WNS((CR!&/B"IS!= M]"Q,Z?7* :>R">W3W,$HMU"@RAB_RHG=.TT0VH$5"\M-9A\:@A?W17X;OJ72 M(# -P4A41&7ZLLFJ?I,O>"0?LS\0!^/3,UJO#-4K%,SVI3$R!S*U5O*H*EJUGWY2(G=RJ^EX?IN4EE+A?0MGA9< M%*?$$D5W*P6"S+C@JR3W:?^Q8L!G0:L8_6$\&UAV?Y?!0'0/QFPZX?4P*D(P_V)*!& M+9,>]JJU$SJ5CDP,@BX3PLRR+ [>H$/'DM 5F+0FAI)E4MQ 1XO4X6PS _NM M))4Z[B60-;>WD2;GTB!*M60F$&8@0-NZ+ADD8ORT^>8>S[RNUDE9K:S0^NR7 M]FSA"H"U$G%JFF,H2(V2E8 M.RV>@+=DC<%,D1>I'3%0M*_RF.ZHQK55$8,$4\-5AF_[;E-H=(IYM:[!6I*$ M=>&T+&(]:%J=NB9(5$GMEY@IC]KK';S%-$1RUF#QACU56%Q)$V@OSG''@ZK( M3*91/$SH^LG))(W&6!_0K@P3<;J&O64&I]YIHZ)#'.=+JMY> M:Z4-0W2%01^NCFVEHK((AD9%N"B6/T[E&99C.&S.OJ6/XK2H[)*E[1U8$X6! M#9A#@(G'(6IXBM5*.VJ-(6;.*HY5XI"?2\QB*$6!?*6D,E MA$P\/! H+QKYE:1OBO&IJDMLCMII5B--C0<]$U=GH0J]UN@#E7Y">K52(%FP MPYK0SC)0Q%LN7%%]]T*YY0*1^*IWYU>O Q\8(K3!$,CX8'D+X/S*0X:W<'A' M:6*G66O7FD9! ;&J3.T.U63)&NDA1#K_1?>%['>,Y0,]8A9R+EB*G*'=W M]YT4-;V*%%%II\P$5IETJJ5>LYZY-( [!R'WK M%", <1)-)W%@/TR!.JI4+^E$IV.X:38,^UXT@Q=-YM%\=N ]HUDTG<[-2]Q9 MPV"&<,-D2!9DJ]15!<)\IU7E]VC'/TF5475(5!WC\ZNOX:=R0%?/AO,H#5PJ=,E4)')9I8#K_3+]\[]E M\/ OJT(N;@A^^1/FA>A?1#?$2>$[S["$KOPQ.8/U,G](*3KS=T(7 ZYU-K(O MPM]C5\\(3U4>,VL=>C'0':D71GOI$4C'/0:EWC_C81H#=S*NYD CFXI&&'C= MPC.9"H8*8LWV- (I=)YWRCN%O=%CG+XGO+!*ET:8I4'E&T. M7UQ2"8RZC+A@D(IXL/*K"PI(H053H4 HP6-Z.\GG((Q4HI,\R%YST;@#FNKI M88$R&:;.WA?6@O1:S0(\X.@:F S%NN,(J /C_/UK!K>#F%=L1$'ZS(>02YN2 MM"@Q]=YMT:V%I/18BEK'@GQ9$CS^%>QX Q:$(7',OZ$0%!F\[7%9@N.4Y)SS MN'SA!:'?]-N22$%U]G?"&%^]E V/ 20Q^6*-E1Q?ZG'@N/7 M(?3V9Q60D*1T,E,] @/5D.Q6-PKB1F56%T%N9Z:"%\ID;C+ ML V\Q5"R5*?4A0_,I_R="D/_&'DANVYVHGU"M2T^O@7,,6*Z0 6XDZP!*IS*700/>SM!A:CF4=(@A*MS H MUD1#ENI0/G^:GIE:A()VVB.D4TB,K_'3MP,&*.LA@KW357@^JPA<2\YB7/[<*2KM7 M@W//B]4PN2S/"65>S,B*2Z<3,//2X ,(HU=[8\#AZ6B81O%X%H*-F0RG43H> M@9%Y @.)H\D4$6HCL"N348*ID4?,@\@MN"B/AT%ZD2A'0B);J_01#O\:88[A M:#X8([(PG1#64=",\70P19AD/![,1AZPXFPP3PEK.$L5B!*>2 V&T@5=#F8Q M 1]GDQ9X4VG2P61$ M@QS-?6#'OI[G;^V>Y^(X.=".W'G0>NY<*@RHYP\Q_R/T7@6O 4-VSJ;\V@TG8'&,YG-@L_7 M%__^6H'9W^5X$?6!L\#J'Q>.YT-0PT?384"MJ@H4V,L'LD[BT1C^?V+=3@=9 M&HG[6H:&9^%X-(O2^2QXOP%=4W#\^O$S^%0\&7J(:QK-@/IFT13TN)-PCO7T M<9)I,J(Q6\$8*N+. 8;]'*!V"KG]_I=KMX(80FYF\RA.8E,+JET0 G_%!SF< M4-2FJFQ',!S7]NU2U\3 -.*F58FGEY[]_=6)R*>&QKW5?5R";KCJWVJU8_!C M395[;LKR#Y/Y[2_9\F,HNE/.Y 0UW3CE_Z;C3O646U4]!0@Q@O\GW/(T39Y; M_R2.YT"6:1@G"9R?T1%%6))A! L;)G$$-H*NFV)S6[#9QLD4_S.9SH)DGD3S M^3A,YG.4:T%?.^RP70L)Y%^:1",0#"@*TY1ZM+\(4&-P"LVE4AA49:JK!5 (&#HRX&QHOWD>I,U&Z= MU'#@/F@'$]HT)]Z)5?]N@.P"]LMQ_X5VHB9'$>TSRBZ9!VE2@9&H]@R/.YRO M#AQ.H!<<@&H=?Q).1T#3(.Z!$<_@.,SGP?ER^4K"RG9@>MGBSQ+<3J93!/R+ M/GC.[N'?F2N?(5<^Q6,)IQHH/XY'T6B"2J 52$ /.T41X)"AKP/O@P,\G,L! MZ9(1#'HR@=,16\/W-D'E$A"O51-43Z/JF^8HHF3ZFROZ"ZRWZQ:K7<4BS )+ ML:B]S_P0EGMY_@G6!LB0M$!U2*P^L"CSEE5VB\P85(MHDHSH7\!LAO.>QS^4 MV0;U@V@.FQ)/DF@">H*EU6+7F!!^3H (TE&43F-09C9_9,L,K.1,*LOD83(& M'IN$(]CY9 1R?S*!>R>DWA1,O)! MN[?"RP\7C-62*GW:\-=5"V-0B=,_D7&);NQUN-OB,0>A-$JIS1*N.MPTFU@W M!7+3.$E14G0T FFC^T5P)Y?^-KKV90GDJ;J A]I>#C7)^3\5NC\'ZFS"![$K@][XFYSJ=PQ,OH3M&F./04UQ MAAIWXE:78<4(BZX1&W"^D7(C.,&65J^V ^@M?T3]8''70.N])C,%BU";13]) MX4@EL73'2N' S4'#:(GR W2"E>"83/I6J[WZ6)>: ESN>H6^]:(*^*@34T!LUNPJ>>_IQ%\7S46K7VF60XD[3=[AQSY^IW*3B@^&G'B_,R M\IS2+U)1*9!ZE%JY 3UDC?G3-9>:Q*+O/TBT_,=;C-TGTRB9IP0I 'D_3+'T M[GH+9 4<38TRF8>C<0 CUW6?QM%T.@:3;S:=8I8@R.KAG* R22:QI..U";X M.:8-&X= WVJKWSGPK9[[KE5/;*]-40_XUXX1-FR1@ MQ8]CVK1T B)^0NFD<92FP\ZFM8#>!RY_WQ:-]!:U7]?9%HZ!Z8U18$P%%.@S ME2A@[;65VAOCIM]>JH0"6*$YV&XC.B,1V'M!)X$-1H(XFDF(V;*)SN[M8$=M MIX9HSPG::N/@PJ01&&RZH&1U[2-ZQUDX 94E)9*]3$M7RCE5RE+ M14=VN09;B\P?C#LKMUW?(^='/[*/C$R8MW\H@?8@'B*M._..('/'IKV'/YK< MWF@A5N7KW4:5(3@)1\ +)HCY&H$D TW[[>4[8+QS4,YA>X;36?#V^AWL5Y), M,*=[,@]^R\&81?,2)TBJ.G"+.=+F.)TJ+TXE3I DG80QNN[BX"T&43"]MGF2 MDA,UDLHPAO^=SB?J23L__X,$'7HQZQCR<1FFB3IO?KPK+,!WA#HW'Z-95*<'O MZQJ5U)9+UBF>IN$8CNJOJHK@&3PP&0]A[L5&0T-K9D,YHD'2<9A,]%9I8AVE MLS!-8UA4L/4EY(OUW;"&=C*:A<" M+]:+0VO&H@ARQVLW%)G80H<" ;]()G< MZD(Z&8;3Z03?5N4-ER3DO8&EBF<3Q>?P&=R<,UAC$#W!)6SPBI3'E^$'-.R4 MUUF-9@9'_"QX5_#G4%JJB.>B*@@X%([F6-5@!N*259@EJC!Z"2;A>#[27%%^ MC&%C@&KB!.4A,.085 8L>@"#FGA<#S)9BE C2T#8.'ZYC\>I!\Z/?& ?AS,1 MQKYA[.=OI-/DXK&PWK"TQ_6?QMT43[HO*L,?3O!4,IP5UGNH;ZIV##-31!5' M,= H_.]T*#1G!@JJZ5GPD4Z4D^L )P4H%#W3D]D8F6GKAGM];+F%$BA'^Q:F\I2 =C/.ZS!]HJM,^, MG_]D. B'PYC=CY1$RLVWU2/276.98^:ZF[QF"*/"=!RK/MQO#*UH__R%NGPC M"H^B[#L;&Q]Y]/Q;@U$L10! &8S%0O5P[#_MI(^B$ MW*GU&H*(6O3P>=-Y+Z->^9F&FZ6@FGL:#U^TR'E3"IBC8O^":?A#;KIPF3U) MW3-":L,.H>#I&.QXV K5@@0>O% M+7V-E??>_,_&+H#5G876%X+N%VS(I>3H M"EB!@4<(90"6' *-KC.P#RJ=1$S1+6Z*IZ)/I99@%?9DPJYX@C!6(+%"^C*K M3[9;\*EOB)M&^K+,:QH[P;-<945:],NQO]M MA$:9;R.L+K8Q,7J$]) *.;SA9N&]DW/)YTS.L* ;M$S;6 M1=32*+_D=[M::AF$%_118\1=/C2Z=S0--C"#C:5&VJ^[#)2V!I4OC;B]4;4_ M54(AN96"/>V*6MDKQ&7?Y$;IXKA0,'^9C)"UQN&E51/A=;GA\;W^?!%>4YDT M,J934*?3EW&*3XS,0.E6WL6+%;5[Q[A1,'TYBE\26M:]\^K#=9B.1\'L94QL M/6V_":$XH%F,D@">IX_-PC8LXRSTQ3: \<^F,8R19S4CG5\]0B]_DZ_NBS!# MIRF+"RS-A98R*!K)M*LZFGR4M]0CX^ -!]6/.?5^;S_U&9.25D_H5A#ATVZH M?EM0*9]-<*X28Y 6J?@&IHS>+D-JP*V]GZ.P@9&B. &#WJ7:.GFSHYK/YF=$ M10.7?S+O#WK?KPHPP/AWM5L:-0+NV(2[#2L/4?O1R)+*'9' MH-#I]'8,BN<$$(4W(RJ#VMEC20^.XW'5"M5(I3.W*^-.L4O&VRIS1&&T(LZ;=V;*^%7F[C_.EG M-Z=@T#F%XG2"U6/G("?[RS$C=+7=?X]/L?9 G +_'[S0$N 41V.^JV^[Q!16 M^R89A_^&@MMMN",*O2-Z:HV'9!PN0_$ 2VD-C"Z\$!RP107DDCY3WU K'716 MVM!IOBJLWGT+>Z,[I/>5(Y!OG=[KYZ8!QW/O5YHT'R.5?^N+9P46S)N'B;(0 MQ0TQ2,I9,T4PN(Q8OK31ZCKM3/>XM4.RK+[]L:>O/)?+D+[=C2[HDCM]X_N2 MQ#=VIWA)+] :7M]#3NY3T),I;RH1^L9C5Y_3%OR>HC0#+ =%YG[O,O0L7OX- M00ZPWS8UJDP^U6T9=3E$L6? UZAK+8C]NM#MEQNK7H4"&JJ\]5O.5EAR(?\ MM(6=D$RE$K#==ECT1M'#VGED?6MIFLGIJ=F]W@BRS0EMF[O [A\5 MQ 9'B*7[+KIPL8HPQH"E: +&WZ4.&2V[-*>V"U@)SVQVU .4;1SZ7,#% %0. M0UGOH5ZI0$==.JP-LOL^KZ@X/$L\J7H$D_MN\Y<[LQ"RL7KJ[^1MF+*+3Q5HR M:KZ.+]PY+S2%HS1A1>:-^ >U,6G,(FU+;)Y"G5WQE99UB(UZ5KO*%( *3#T8 M@N@IT+[)Z;Z[>BP/S!NJ;%LL5T],P 0!L52+P"U&9#6@ MXYQO_@AU.U!Y 59),M.",:AZ3<3+,2]S ?J_:1-66>60WT MNBD84HV$J$+*=AF,$!?NZFTOQ4?6[?H"4!ST4$' 8<26=R/2]29Q"K:]Q1$KJ,.']0SDW: M$2R I--?3'L?VJ&V$ZCIM.7&BH>[BIP9:W8Y&8?!LB!G(&+?R>,$/]_E6.%_ M>R]UV9ZL8]RNA8N%;0:A+QN)*ECMVO$JOI;]YG.-G,K$YO.9%M4%Y1,9!4"7G^3:8T!_3^[!OLULGR2 M"I# :F[*)9DFNNJ5+G G=00"G49)+9&P5 Y[SNS"I63PKJBTM24KX=QB(0+5 MLMYM\&CW,K$61A6O-DTNI?UB4;5:BV52#\VJ4^GT*'&:76EEMG\:2ODQNAYW M>+HF,)^E,5")!*SLR0H3E09P'Q*L(3:I[B8(*HB?.[YC<@7IM6Y>W!N5%Z=N M_Z[7!)W7]+5X\K#,@.V,C32$L7K)B+2J2^F%J@/2)@%_PU5MX=@B3'"K#'(N M.%0N\B79 ;HDK90:80O(XAV,**7*0ZI#BFYUT5#S>I;SL&W4$"(L%\#(B>#T M>;-9D2BBMC@"8I8^L#(*'KZ\'PL.10%9BURAQ ;:8$&!;,FIBX/P=TH")J:& M('%K3JH2![;,R,G8V%7LXY$6C'7-(/Y:GRE\#79/6Q7W)?:VOFU-15ZD=4=L M7>OR'GL"_-J,B@ QL=I03>NM#DEGC=4K75I+JJ:Y%'YSOFX35F%*/2)#E0KE M>G2J&G$K^=,YY%DHD(QI5#2C_%, M_9B:WU+U6Y+JWQ+SL/IMKA_M)CM>H$[QUN@4AZYWXCD% :$QB5_TUE4!=Z/ M?P &PYXE.I?47+0 S96:O#3LB":BL2*A&JY,A-Q6>(X %IN@(P;F<] M[5GNJTOUG'L9? !6AZ2 2 TP*=?6=)6H0%4+LQU>DD^/8@?5)_LUW&;%:'>6 M" +<^;1Q)JA29!)6"KQMR59$3L :&CK[3.CP](7_:2_C2UZLW)LE0 M?4I5-F/75H]K9)FC3-=.*S5/[^(0'+TU-O87+65(JELV6*R,=! SGO,@^B,X MD@@(E':C$."M;V6-W0F!TI9,.ZE(59BT?3.'9M/] IM_"*[20[[5E+MZGFN2]0> MN&+?IB E6@%NX1;OB%Y*93=LT$D:OQJI[/"+(U-DP<"TDAQ/C7>!PJ&4D5E8 MR9HO JO?2L:8V(BR6-F=Y %+@*3D+ M%(3B;459,EJ&"^5R@=96NV6P^QZ0D%D5;E75J,-/[S\,,#+JU!G72Q+82_+, MX?LJYJK&K"8$W)V <1D^!:@:<&=W%)\4V=;.#PYCHT8?A86DMF%%E"^8.U^I M4D &D$GTLJ2D7]/266P(VR=IS9B\_,LRY&$TN5BI>A-N[78VGF3FJ%/6VE2H M?K_AAMY<-)S+V=0?U.95#+/AV1^OQ![V W85N]Y9GYUP)_T'G4-F)\S-P#)7SYTXN=VX/.[2USB-LZ4.[1BNY2-(XY; %7&)-,?6RRVT2M;'B" M9I@OH@E"84XVXFRA+>U(EC]T2P(%%9I8B'EK0X@%U(G6+%QUFVS4#&^IDV^K;:WJ MXZG=0/1&.&7>K]H'+&#^PCT]K"[U[2^2:65M!2-#6RX9]7'^"OQE6CIYAH!0 M5YZY&@.=.M,A4=9,YG)N+SSS"LZ[NGEB%O)(;MP;IY=8IU:MHW<%S%-4F(O) M!&9K*K%WAFTWO6?MGY6NACN>1MK;LBF)[N%5FD&ITLE&"0TZ-9+OJG*WM4O7 MPR$A*M-=#O4TS=SLYFG:?0\GJRI(K_14Z:[9DJZ5(>PL2]?BP"G_1E.V.L2S MC+&NP;N,&_N]<6-_W^N"OM:2V;%6H7!T;G33*]';GE=1:-IF M4X9@0]T-Y8($,F2&7<4>/_LE;U1KGM>B36*-F^?J>25E!#:RC=Y(PS MV0C[A9)9%S\DA795<#$(E>XF6K<=M56>2/UN>DM!F9B4&_N*]UX=0OIH90:L M5&7C=@Y4[=JWEZ\_ZW[T@LZA<#;EL+B^;]W"_O(W_4@FK!8C+!@T*.@/6W%<+Q^X/L(HZ6A97$Y]!R>A6_ZJ\V^\<&$\H-23 MA<%?<)1(]PT4":W'FU@/*.E-DFF$%QKY-)$NFLSXEFL]#E43/I,CSH83@L*H M/31G2@4"MLV>SG0F.FSJ('RG/K?&H\.*^ HUS]IPP6ZD0<#CRO90MA3J;0_% M$L$)FKRHK=T*&&44J(0_YM?\%5 G\TU!14]U:Q!XA_RU+G7U5!.\;2]*P M+8;&K-$X:8-!\=\P*7.WA'-:>BK"S(=9MP*"05#!CTCF@ __G1*:U@* M5@\-CB.>L(=X?"6#$1+RQ8*$F+X9;&NU.J3]$Z\([!1F3Q1' 52L;H$K4DS: MO2)KQSQU>KAV0M'>VN(8T'E2YJ71,[B*LZ>4>&"7$M=D>'6AJ1#+189.8?Z^ MWJ)]/<'; 5:M@M2Z.=F%6G^>7&@$HL)4C"(K6VT$U#;UW.WOYXBQ_G M4M@^:%?H94! =USM^D]87#[$XO)BVU-5OB5G1/ 28(BD\BZ@R;!YS[V*%5B? MKY./QNUJ::_(S_ZG^QO4V^\V#[]1X5P&6+4[$IL;SU5#0^]]:K_Z>FVVFLW_ M3&:+SB+3C0G40A'1E)523-7NH52H;\G?W/,E-^!EFD7I X8L4H5*N1,DP;4Q MP:>*Z-_4\943\:W@:L&5[ U!/F1LTCFBM\ZM@*D3E94!"$=D\#NQ '2PH+X& MP[2\N.8F%XW.[8D'JJKFZDG5UPZIW2")O\?2?)8H3G=U4 8^+X/N^X %E9%Z MY?P[?RYX.AUP/CVM?VMY&S0T8 M$(*B0?? =8! .@SM<."LJ'/=S!:WZ ^8Z+H >YN:J-,>H_$3*&NMW5Q8V'&' MD;/.P=3X9 4R?*1O(BOZ^"OOO\"?J5)=X/03-X3KMF)D&K-NE(_FK4+_1 RU M;TE)F&9KHOW"T*4"B3%2@%E@IY,BN:BV2S9/G'"] 4BU.[NCCY:[(TAMTX]F M, $W8$3M!39XI9)6G<;)&L['+^%K5C<(9X<.MGPFO[QY?4"^ML9"+UA]9.!\ MY8^HLI IW5G(3"T"M$?.BX2JK]*1$LB1P MTN*=TF*%ORB(-()GR'#MIBM]0AD>15P&BIA@F17T+Q5HX#ISS+X[ M6F\F]Z3;5QRUW66YO8M\>&Z>-+=ZI4OY[-TL6T!BAN,LP6Q JJPTBT;C)% B M$O3G:#*>A>DX&H]34U($M$LM =#JXO(,DV@XQ9(6TWCNKQ1^%L9I-!I.L'K% M&$L/88VB)!YBW4XGZ^JODN'@1Y2[2J5>>&.#K5% ;5=YEYUWE'35G5ST\[44 M&7(85F3I4,IY9?F:67TE-"-(!')E"=2]R5R_M.XR0I&;[EOUN'W-T76<$A<& MZZ=TY;U++ZJ%=^U1=\7]8$*W:%"M<,?59CH#TSVRG'6TI3G)[T"!*[6PZGTQ M',S9%8)+N[:R-*JA=GS%MNF': MJ5+*N2R_O02U6)JZ>]LC&'D?2!A"%MIH!:Q7F[R^=ITS-3H&H9 >39M.E81T M*T;IYTS TF*[6]E:BSY;J@]J>\&.T-I4.]/&).>HW<24A5KA"2K)L*/'&_02 MGGX]O^9>6[K6O$S#8Z?H=N!5^92M&FGOKA+ -AIIH31/E0S5]54X]H/LFG(" MO-2;YED(Y>_&)M0/R,@U.JJEC&%!I*(V>V)ZM;4&*0NFT.TVMMA#945OZ]NV M;67&?#*>1*-DS#X/(5:*F+DBU,916-*'=!NQ;/;MOM"9(BR8.XK_2$.:,[N( M'IU6M*Y/XM$H&DYBV_6VMG>J6[VE YE]S(I&G5=GFR5!3GN;E"BT(J$!XVL[ ML@A/($;AX"E,_CX+4WJ]IIAVHL##_W MQ,5B /=%?AN^_98O=E0\C\$D%5&9OOQ9)S.]R1<\DH_9'ZJ%4EO/:+TR5*]4 MB Y_5R$=D&;W3*MQ.KIEU$XH_*<"5-2USQ9G"!.ECRYET)A8 SK8(Q7T4'XM MG:;AYCFV5$C?XFG!Q:W9,8%9+P^;L^"'CFY)T4Z:EGX6=W> M"1_$DQ;T"YPWPI)300&SNGWW5_;]-C;LX TZ*B[Y@X')HF,$'X9[*+U,1;/Z M&IC:;R49UW%6U5AITI16+0VN5\MYAL(*W+FN2T;7&*]OOKG/="_CTNKT[K>& MVK.%)S!IU'OS0/HR*"@C144U'=EOX2ZH5&#+3G<%0ZE6 ;H29I&@0(@\LV+ A>EV@2&OE6,C\)B7[*N3 ML0;JW0IX96&GI-R6"&?3Q4*AA93D/5@&W8%'N0I5(-PN=UMU>"F"YVD:P-Y1 M^T\--B.?5#O^H&A?9=1>7^,M9KWJ\EQ'%Q<,M$_HN..!JW BG5'P^LG) M)(W&R<0M+"_]WNTM,]D"G4XV*F#221K$G/&&TQR(+1R\P5$##-;(NDUQ->M< M?RJ=._1C- 5UFRUCCFY"U!$M[SF]@&K?[[OF=D%6"@_A=?DNKI5/M,X . \* M474Z_KI13H;^NR)C\V#!W[X:)Y7/*@L$:H$/XKFF. $Q_A;D0J6F+ BTQ6"Y M'K.J#0UUY4P?&I&-NJ*R:)%&16@R%FU:4/XK0>$01@J:4' MUD3AD@-F/F"+'!AX-7HC*LDO%BM956;9'+73K.^:^BAZ)JXV17V<9/2!95ZS :!4 M6]898$UH9PDCXRE-:67G\%$XJO:D[T%]>KH7J!V\R(!WYU>O Q_ZPVTDCRU8 MP>@&X:1<@GC+K=."G1.%W2ZQWH0CDME-;9*LD!'!4A-82 KC^+T,%[[7==J0 MI\B(M9VOEJAEW8?>:+39>Y=,1ZFZ+8-]B MP)Q,>H'=:4X:;-J/!+*!IQ\H7PMLD N=IM9)FM,5FLO-$?FAQ.:=Y)-]69WN MV@3B 8W8)QW=CJ&FV;#L.]%,^HB%T^^?>CW&(C]F3]()7ATP5&#Z_^DI% MB?'JV7 >!0Z ZL+U^5[H2*&WNX)5T M2&25,:()B@N?'_ZW#![^=84ERIL_8J[%:/Y.Z"(%5,_BD7T1_AZ[JE1XJE+S6;'2BX'^6[TP.JR!6$8$;SUQ MJ$3^6F09+(B]! Q607L(P6=G"#[3 MI0Q0["[NBQSU@7O*-*QTL955'E !!?CBDHK*U&7$1;]4B(CU>UUY0RJ2F%(> M0@D>YX133X'J/+,*)0\ZS;8"FNKI88$T&:;.WA?6@O0Z!@2IP>%(;.FX[KA* MZL!XR_^:P>W82$%8B,) F@\AEU=P2-8P]-YMT0^(I/18BGK)"L6RI.2&5]SD MW")QS,VBF!W9].UQ68+GE.2D\[A\X07! MLOMM"!7 CN02E"5&*2N036I$*= M3-N-:AZVV\BM2*?XBUW'ZW1-FT11 \_X7/\YK04HC(1GRQ^U8F'M9'L+C&&[ M]T.#CE=;OM5V)X)M>7YU011$RR0*8D>EF'%A>$[.YCJ86-$UB1$RMJ+,8_@6 MQBV(E3QF=F$54\#V\P8+-B.Q?3;E.#K]S]P R(&:(<'S:X:$_Y^K&6(O\UOMQ)!\WP\J MWY>SX_TIK___S0VVUZY;OJX'?O]?B*W_>Q!;^PCB2D&P)'AP7(N<_X* >2%@ M^Q;Z@.$9.H;G<2Z)_[)J_\]:M;YB<\?H"9[GCCMVU\[1*>H@"]W.F=V"CS^D M8Z;GQ;J]*ND,)Y2H-*/52J<36,Y4^ICO@TR$IZ-A&L5P.&$OD^$T2L?8TOP$ M!A)'DRF>YA'L7S+:?[*Z,LVSP)V].VIA2*@%SQ%J7B38D0*NM>P@F+(U"JUP M-!^,44ZD$Y)<(IOBZ6"*0B\>#V8CC^B9#>8I28Y9JD0B/)$:B>B*T,$L)C$V MF[1$D>9]*8E ^ ^*M+8H2P<)"KKQ8!*[0A4%,@C)8:K%E[TTZ6 RHD&.YL>( MKDNL"E\L=4,WVC/A>!(SDPH3QRGL1[[M!YS.K7PKM[\E1:SD6TH1_1%GMMUW M!;N_3:8@ F/^QV@\"]Z"668=Z7DTFH*DQ)QW%L=P__/[%NI_,O_7R];1O/PC$PXG0^L_H?;LWC M9]B0;C+TD- TF@&-84]-; @S'T>C$4XR3;C9XY&5M8XT\#R/?@=Q-%Q)=+7: M,5RWIJ)<-V7YARF@(&RH!U0I4YR2.DB369H_-GV+0[)(I_F>G\&,.D_]$+IB/PZO,(?16D'Q(PGJU0&" J:& Q ="M9F.H)] *8. M!W$&6SB?!^?+Y2L)G]L!>TL!17,BE*!_,IVB3BUJ!+>]"G_G,K-G6&;V5!HZ MPV[%\2@:35!WL/0\=,N3D@>$@_"ZYXO9+M\J0W)@!_:"6]9]@:4#_(%&OVZ'B!R5+[2&O MEE5VB_P#)$LT24;T+S@?PWG/XQ_*;(/B(9K#GL23))J,)K;J !]V%_I@CZ3QR]%XQ M9D*JT@12;[ JI,X5<*\UIGW67$H0:Y3_H,WZC[=HJR33*)FG9$+! 1JFTISW M#3;GE9E@$]?1.(#9Z=HY8U#9QR!#9U-J50_$/YR3Z9. ,A]/?*9/1?4DC,;T MK)7=\_P/.!.9_7;1.=3H?HQ%I+IKZP4\P3[PPR%)4"!>4%3T%+%!/(C6!.11 M,E.=J]5P<)<2T)RG($['J48C4^P$,RA@8R8)=KN+:6/2"3:;)S='C(V<.QO3 MAO\>P9E:CWS?^A,.U[Q30;A4[.U']S>^5"AFZF\XB4=$\!%(\*"31 ,C02< M-F0'IJ+=2QW$F5W#7&0+'*;1;*R::"-V.;+S'!!;IRNZT#O.0C"#DY048D+! MZJ;DPRB-YT0+PXENBXW=T;$CFKX+N[$GZ3!0>[+TN0034&QBG.YD%"/KB^&3 M:"S/X*QZ2$(UM:/P[W)=; I2#M#II V?8\[L$>_Y(;1S9[X39.YW_M/Z9;]1 MO96Q[NANHW*=3\(1G.H)>J1 WXU!TKR]? =L<@[""=9_"/KFV^MWV&L^F:#7 M<#+73;4QK^&11!6<^SD2WSB=*L6[$KTU24&31LLE#MYB[!US^*R6\$ +PQC^ M=SK7+>;M)"2P;T:@* %M3P/T1F_OT=^I'@9==CR%_TVG(\.O\.?)> 2/QC#V M*\1HAX_YZA8]HG$T3Y'^YL.I4>OM[P$7&L-XHVF"AIUEPW''>9 [0^S_& ]! M:;L3NW$<<5][^%^PZY#>\\8:XGP&HB@:@;;POK)*=A(0;(;Z/'6=A/EIORUV M!D6N"DK_9 ZV7YJHX^0W*V$9IB/ AS+S;:=UPSG\%.[S$8#,E$;Y4FUE$*9G4:PZ*"JBLI MD%B6"BL:)R,P7^LK2_\I_&P!3;N2\J MPP).\."Q/QV6=*AOJG:,OE!T$X/"/,/_G0Z%K,Q 05<\"S[2H7%0RW 8@ C1 M7S"9C9$_1D/@'NVE?\N5\(_9F0ON6RYMY-\3^NJHS?B_J,6]1YW;UTK]**FM M>S1?6EVIWTH'1%F*H];YOQI<_[^HP;7NP7MIPX%/WP#;+T Z?L(FPZ@RO8"# MBATU3D\Z5().$"KQ8N^F :YG7'[1TSWQ=TD>$B^.:M30.?M*,Y;WHV3=;3@G MVM1!K! LB;]WB!@/E+2$^->^;SP'P?.(EI*^U)L M1,9T]L3$N]W. 5[*H,/Z/S\2D+;3T?VBE:O>OGY4M^6^EW]^!&VPOB^VVHKO M[ U%MSK!K7T]ITE?:?62/CB29YP.8%L_ ,FF#QD>+0X-6S%NY\[>U1-LV4<6 MXGVW7;:[9G4;+-J -SBL&*A%C9N2X1CJX/TV>GOV?SOU[I["NAUX.$G['TX. M/1SW?WE^<-2^1[^;0HX#X1EZ.,C#]//^N%<'G]:'SNN=?F_C#"< Q9"]OV M2J;0]\+GS@"E@E9S.MQ*(P4[F\O&I E4]O,T,=G?'A6)ZWO-R+].OL!;WROZ M<(C?2VN]H$6'W:C?]O!\/P#18@X=CFPC)'HI"\&'G9-%4,3.KX1)[/SJ/=4& MK]CW8<0Q=AY#5*/G70+'Z-WUP73<'>Q@WAV6QD7V,CC? ! ]V64^'2QE_SN3 MN6>FGA_;()A>3CH8=B=,*,W.KRV@RYXW=G<#D9U=.>\#U_2]%H&?78Y/CI2/ M+1AH_^:.N[-"L.B/$P<=&*ES-'N4[!:(LV_XB.2\1L]FKYJC=**_6)C.+QK3 M^<.UHV=!.8]9""/XWZ+/PH/%/A92&>G4FLZYW8. _&<^F'M3&+YPR@5J?RK4 M_QT6ZILH_4O2=;L?^H;UB==MJ^V_52"O5 E M;'AE_KFA*3?>WN'T6C+XOO[%/?*Q[QJ%?V)[S:[]@[TR+2W!7@7%JY8F!J)N M>$+J'31QA^]T<,/'L!>@BT>\3+GS^SHR"\SE1]UX_7_#PH78_* M).C;7K&*J-RNWC?Q:66L-?6J#HCD[6HCB.OU:!3SU*->S7P_3KL_(LS7HTG- MNCI&ZE/94I_:A-#?SH\(!.[\./+JQ(-A=YPL5VU"[[=K)]U50CSQ/P,>[DJI M#GU@N6T%".DY>+];B(+?B^8>N0'R6T3>['6@'3O.MM?FN?/;PS0Z .*._>N@ MASO[UP(0=Y4O%S'L78.C@,,=B]Z#'O93UWX?IAU#E7JI[3+;&%@E5Z2JL&@/;=*EY?2&>S]FWXKU MKM^N_NMN,]#!T9XE?J^@:%\D*3T&?I_^";V_=+[[W\Z&L\:(WF8+*5JGWHAV M2$<6T=OWO\I'6YTQ@D@[8HQ\XW'[ ?1Z ,][%&,E_.SU7B#P+RYV]BRT'OJL M%[37-]YZF""WO6JJ)UK9KS!3?:TO4B;N$OM%/C>R)N_0I>;X'1'CF+T>T+XG MJ*V-[X$6TM=E,\[%8_:+@+6]J]<%U_;=BD+_T#W[8+4=6Z ?@'N$2= &L/:- MQ"\YMWZL[B]M^&I7$W?1J%378TQ "8O69/ MWW*VT9B>2;9@F9Y/..C,'L8D(,W.2AS :G8U_G[0IE^:.2CQZ@7G&,/'/27%CRRPX@$[^C5B$Y@R_PN5J^#VG0= MW'\[*$2<-=K=#?(2_W3^$YK"XB<^]AO['N[]HG$S6\_PET#"(L*'E8/2A5IZ MC'_[@_(L.23WQ- _;_+V9[F&FGR:/XR6W&D\?.&. *M>YUE%'@FJGV:J&R%M MQN$R>Y*V@U3WKZYWR 0Z%:5D_]O>S2ZRM1\9X;/)_,OTF^ZQ;M%#3PC$0JK: M<01ZXKT/M'HI;.5P1,'S=4U?_VL/P>_!M3['H&#HQ$*_4.H/=NA9!YM%2%C+ M\)=LNWT*7^\*=L]]S#8@&?;.GC!A&\^KON1WNUK]?H'5Y"H3X\400P>T!0^Y M9=!Z356"53QO)5M:WS%8X&-8+I6OY+C\HYZ4;_](U%HXOUW7'VX M/O * VWNJ@E[4=/][SWWGQY3!?7M ]':6QEU%7*U?.UWS M67A_?G6(G[G .4:>XWV>X&CY$@>_3WH1AC\FML$#\L4?DO^,^X!Z::F#?H/2 MN)!B?Y\L8&H3#FA#6(*O":-K16U603AE6P_/+9!))A72YH",ML@BS8,/1]ZS M9]?S<"JD!0OJNE& MZG>M68YPOKT[<*N@H)WSNV(48-A)7;/M6T9+P<$OYI<%HR,+IC$9ZJ!**OI@ M^.Q5R0P "J,-*$VS7>2K(O4*.CUTN?M/>9?_ ML^++5W\OV?U5#@4_K5U];(FVDYZ R,4IB%P^LLB@;SH[G6VOKXTH6K>4:2IZ MN17-<_!Z[,,BP9_LFX;M=9>IO1EZ3=;F-;C';W)S*$C+]*U=H@LF>+(_6.'1 M[KM\9\6S3--_%> ME;6]&6V56,JZ?Q/LQ[;K5%R:3=*N:HWUX=KSAPB)#U4GRNG78?XK'>7M=6+4HV$N=)^AWE<1@&<#W+J?S>E7OJ[+\6]+&5= M*#'OQH8 Q@ P/AF@.)M) ID R.0W0LX#1#C!BF8EGK?*$,@40*8G@YQ*NR&0 M&8#,>"&?S5K6^I]N1QVEU-VXSHZP_]#B>/P&T3[QH M\[:JI/D(<'.]KK4_3?HIZ*XHFM9/003R D!>\$)^4:_*6"6^J$)NM9/E_@\G M=)> [I*7;C]6-N I_2J[F_^=/UN@>'Y!$QV^.A5<(U/B;*SA\S:9Q6/3IDC8A9&R_R MW4?#3'Z$:.U1(4U$S)[P,XEI94G#= @1Z2)B]L6TL2[((DS)==N;Z) @(F9# M_*5J9639#=S=LM*UML[(D,UWM%VF> MXNRE$\8?E!$9(V8V!LQ!XPN*B0P2,QMD. <='$UDD)C9(/])1H<($R2/A%D> M@UGI("622L(LE7X".(B'=)(PZP1D@H&58L(V%GL?JY<-#@XCLDW";!N8%B;4 M-@FR3<)M&Y06)M0V";)-PFR;75HX^"H,8Y%W-_Y67K MOU),9*&4V4(0,Z5E3HHLE+*7.: :2R\I)K)0RFPAB)E1"V7(0AG[^LIPT;B7 M.L5$%LI.LK[RX_&DF,A"V>]>:*%QWJPH)K)0=HIEE\%$+D,6RK@M-(CI1W1G M)XH)U^^9+32\3C080LA"&;.%COH%O0=3] KR#%DHX[?0+_L&GIEB(@MES!8Z M[AO\>"J[ETL:BHDLE#%;"+8/\)^<(?V@A_+^88&>8X$E+-WW4##(Z=E4(X$E+._/X;Z M,N<4$PDH9U_J.5JYZS^A%!.^0M8):-P=;&^OEVJE:[5\\K>P?GLARV)F1/C8 MO<^29F$A>M66Y=1O>Z[_;F38WEWC\$[J[;]02P,$% @ ;%(436SIKSXS M @ RR< !H !X;"]??1@U80";)X5PV$@0*-S[5Q^( M(9^^Y7,]G-JF'$]=6;U=SDW95,=AZ+Z$4+;'?*G+7=OE9KRR;_M+/8P_^T/H MZNUK?>_R_ZQO]_O3-G]MMS\ON1D^J/B[H H?!\E\D-"#=#Y(Z4$V'V3T M()\/M##?- #/>AQ/NB1'A370,8U/PEAS=;K+4!OX>LM0&_AZRU ;^'K+4!OX>LM0&_AZRU ;^'K+4!OX>NM0&_E MZZU ;^7KK4!O7>"L!!V6\/56H+?R]5:@M_+U5J"W\O56H+?R]5:@M_+U5J"W M\O4VH+?Q]3:@M_'U-J"W\?4VH+AO0V_AZ&]#;^'H;T-OX>AO0 MV_AZ&]#;^'H[T-OY>CO0V_EZ.]#;^7H[T-OY>CO0VQ=X5HD>5O+U=J"W\_5V MH+?S]7:@M_/U=J"W\_5.0._$USL!O1-?[P3T3GR]$] [\?5.0._$USL!O=," M[YJ@ETWX>J>)WN58]WGW?>A/S:'ILD6-ZRL743; =@9I> &3 MG#91D]BR#92W'R=<)%"1BFBE?],T.1J+-@> M$[[>.)[G^_X^40AM33^*YE:KMJ+:58]]OJ6,/I"M8T.4^JZ,C0U4_TNA'=9O M>>]L2']LGQNS;<<^+2B/ER.]=+0[P%0YY.24MP7M&C457C_YKP:^[X;*!9K[ MD*LAM3L>+T>ZR]7(QH6'?$0:MTY-]5[#<^OC_;#/+FRF[[M>^$G-N\SV?3'^*N_@-02P$"% ,4 " !L4A1- M'R// \ 3 @ "P @ $ 7W)E;',O+G)E;'-02P$" M% ,4 " !L4A1-9O,+8(( "Q $ @ 'I 9&]C M4')O<',O87!P+GAM;%!+ 0(4 Q0 ( &Q2%$T_>O6 [@ "L" 1 M " 9D! !D;V-0&UL4$L! A0#% @ ;%(436D*SCYC @ %0@ !@ M ( !]P@ 'AL+W=O" & M @ %P$ >&PO=V]R:W-H965T&UL4$L! A0#% M @ ;%(436BXWHI#! ,Q, !@ ( !^A( 'AL+W=O&PO M=V]R:W-H965T&UL4$L! A0#% @ ;%(430]5&)NQ 0 MT@, !@ ( !0!X 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ;%(4383ZU->T 0 T@, !D M ( !^", 'AL+W=O&PO=V]R:W-H965T M&UL4$L! A0# M% @ ;%(43;^&PO=V]R:W-H965T&UL4$L! A0#% @ ;%(433Z( M-_>T 0 T@, !D ( !>R\ 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ;%(438V.85:T 0 T@, !D M ( !/C4 'AL+W=O&PO M=V]R:W-H965T&UL4$L! A0#% @ ;%(438P%*06T 0 T@, !D ( ! M_SH 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% M @ ;%(430Z3D!FM @ % L !D ( !O4 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ;%(4391_@=>V 0 T@, !D M ( !C4T 'AL+W=O&PO=V]R M:W-H965T&UL M4$L! A0#% @ ;%(4357]:J6V 0 T@, !D ( !5E, M 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ M;%(430'ZVNBW 0 T@, !D ( !'UD 'AL+W=O&PO=V]R:W-H965T5D !X;"]W;W)K&UL4$L! A0#% @ ;%(432UGO\W' @ , P !D M ( !-6< 'AL+W=O6I6FE," !=!P &0 @ $S:@ >&PO=V]R:W-H M965T&UL4$L! M A0#% @ ;%(439\@2#%_ @ R D !D ( !+6\ 'AL M+W=OT! M #V! &0 @ 'C<0 >&PO=V]R:W-H965T0Y K0( &P+ 9 " M 0=T !X;"]W;W)K&UL4$L! A0#% @ ;%(4 M3=R5TRFB 0 70, !D ( !ZW8 'AL+W=O >&PO=V]R:W-H965T&UL4$L! A0#% @ ;%(43=F'OI9Y @ S @ M !D ( !&PO=V]R:W-H965T&UL4$L! A0#% @ ;%(43: _J$$N @ U@8 !D M ( !J80 'AL+W=O&PO=V]R:W-H965T M&UL4$L! A0# M% @ ;%(4347'Z685 @ " 8 !D ( !48L 'AL+W=O M&PO=V]R:W-H965TP0 !L6 9 " 5B0 M !X;"]W;W)K&UL4$L! A0#% @ ;%(43&PO=V]R:W-H965T&UL4$L! A0#% @ ;%(43&PO M=V]R:W-H965T&UL4$L! A0#% @ ;%(435K]\4$%7 4$T! !0 ( ! M_:( 'AL+W-H87)E9%-T&UL4$L! A0#% @ ;%(43:H^41 Z M @ ?PH T ( !-/\ 'AL+W-T>6QE&PO=V]R M:V)O;VLN>&UL4$L! A0#% @ ;%(436SIKSXS @ RR< !H M ( !BP8! 'AL+U]R96QS+W=O XML 79 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 80 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 82 FilingSummary.xml IDEA: XBRL DOCUMENT 3.10.0.1 html 124 250 1 false 57 0 false 4 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://duoworld.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Consolidated Balance Sheets Sheet http://duoworld.com/role/BalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://duoworld.com/role/BalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) Sheet http://duoworld.com/role/StatementsOfOperationsAndComprehensiveIncomeLoss Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Consolidated Statements of Cash Flows (Unaudited) Sheet http://duoworld.com/role/StatementsOfCashFlows Consolidated Statements of Cash Flows (Unaudited) Statements 5 false false R6.htm 00000006 - Disclosure - Organization and Nature of Operations Sheet http://duoworld.com/role/OrganizationAndNatureOfOperations Organization and Nature of Operations Notes 6 false false R7.htm 00000007 - Disclosure - Basis of Presentation Sheet http://duoworld.com/role/BasisOfPresentation Basis of Presentation Notes 7 false false R8.htm 00000008 - Disclosure - Summary of Significant Accounting Policies Sheet http://duoworld.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 8 false false R9.htm 00000009 - Disclosure - Reverse Recapitalization Sheet http://duoworld.com/role/ReverseRecapitalization Reverse Recapitalization Notes 9 false false R10.htm 00000010 - Disclosure - Accounts Receivable Sheet http://duoworld.com/role/AccountsReceivable Accounts Receivable Notes 10 false false R11.htm 00000011 - Disclosure - Prepaid Expenses and Other Current Assets Sheet http://duoworld.com/role/PrepaidExpensesAndOtherCurrentAssets Prepaid Expenses and Other Current Assets Notes 11 false false R12.htm 00000012 - Disclosure - Property and Equipment Sheet http://duoworld.com/role/PropertyAndEquipment Property and Equipment Notes 12 false false R13.htm 00000013 - Disclosure - Intangible Assets Sheet http://duoworld.com/role/IntangibleAssets Intangible Assets Notes 13 false false R14.htm 00000014 - Disclosure - Short-term Borrowings Sheet http://duoworld.com/role/Short-termBorrowings Short-term Borrowings Notes 14 false false R15.htm 00000015 - Disclosure - Due to Related Parties Sheet http://duoworld.com/role/DueToRelatedParties Due to Related Parties Notes 15 false false R16.htm 00000016 - Disclosure - Taxes Payables Sheet http://duoworld.com/role/TaxesPayables Taxes Payables Notes 16 false false R17.htm 00000017 - Disclosure - Accruals and Other Payables Sheet http://duoworld.com/role/AccrualsAndOtherPayables Accruals and Other Payables Notes 17 false false R18.htm 00000018 - Disclosure - Cost of Revenue Sheet http://duoworld.com/role/CostOfRevenue Cost of Revenue Notes 18 false false R19.htm 00000019 - Disclosure - General and Administrative Expenses Sheet http://duoworld.com/role/GeneralAndAdministrativeExpenses General and Administrative Expenses Notes 19 false false R20.htm 00000020 - Disclosure - Selling and Distribution Expenses Sheet http://duoworld.com/role/SellingAndDistributionExpenses Selling and Distribution Expenses Notes 20 false false R21.htm 00000021 - Disclosure - Equity Sheet http://duoworld.com/role/Equity Equity Notes 21 false false R22.htm 00000022 - Disclosure - Commitments and Contingencies Sheet http://duoworld.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 22 false false R23.htm 00000023 - Disclosure - Subsequent Events Sheet http://duoworld.com/role/SubsequentEvents Subsequent Events Notes 23 false false R24.htm 00000024 - Disclosure - General Sheet http://duoworld.com/role/General General Notes 24 false false R25.htm 00000025 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://duoworld.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://duoworld.com/role/SummaryOfSignificantAccountingPolicies 25 false false R26.htm 00000026 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://duoworld.com/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://duoworld.com/role/SummaryOfSignificantAccountingPolicies 26 false false R27.htm 00000027 - Disclosure - Accounts Receivable (Tables) Sheet http://duoworld.com/role/AccountsReceivableTables Accounts Receivable (Tables) Tables http://duoworld.com/role/AccountsReceivable 27 false false R28.htm 00000028 - Disclosure - Prepaid Expenses and Other Current Assets (Tables) Sheet http://duoworld.com/role/PrepaidExpensesAndOtherCurrentAssetsTables Prepaid Expenses and Other Current Assets (Tables) Tables http://duoworld.com/role/PrepaidExpensesAndOtherCurrentAssets 28 false false R29.htm 00000029 - Disclosure - Property and Equipment (Tables) Sheet http://duoworld.com/role/PropertyAndEquipmentTables Property and Equipment (Tables) Tables http://duoworld.com/role/PropertyAndEquipment 29 false false R30.htm 00000030 - Disclosure - Intangible Assets (Tables) Sheet http://duoworld.com/role/IntangibleAssetsTables Intangible Assets (Tables) Tables http://duoworld.com/role/IntangibleAssets 30 false false R31.htm 00000031 - Disclosure - Short-term Borrowings (Tables) Sheet http://duoworld.com/role/Short-termBorrowingsTables Short-term Borrowings (Tables) Tables http://duoworld.com/role/Short-termBorrowings 31 false false R32.htm 00000032 - Disclosure - Taxes Payables (Tables) Sheet http://duoworld.com/role/TaxesPayablesTables Taxes Payables (Tables) Tables http://duoworld.com/role/TaxesPayables 32 false false R33.htm 00000033 - Disclosure - Accruals and Other Payables (Tables) Sheet http://duoworld.com/role/AccrualsAndOtherPayablesTables Accruals and Other Payables (Tables) Tables http://duoworld.com/role/AccrualsAndOtherPayables 33 false false R34.htm 00000034 - Disclosure - Cost of Revenue (Tables) Sheet http://duoworld.com/role/CostOfRevenueTables Cost of Revenue (Tables) Tables http://duoworld.com/role/CostOfRevenue 34 false false R35.htm 00000035 - Disclosure - General and Administrative Expenses (Tables) Sheet http://duoworld.com/role/GeneralAndAdministrativeExpensesTables General and Administrative Expenses (Tables) Tables http://duoworld.com/role/GeneralAndAdministrativeExpenses 35 false false R36.htm 00000036 - Disclosure - Selling and Distribution Expenses (Tables) Sheet http://duoworld.com/role/SellingAndDistributionExpensesTables Selling and Distribution Expenses (Tables) Tables http://duoworld.com/role/SellingAndDistributionExpenses 36 false false R37.htm 00000037 - Disclosure - Equity (Tables) Sheet http://duoworld.com/role/EquityTables Equity (Tables) Tables http://duoworld.com/role/Equity 37 false false R38.htm 00000038 - Disclosure - Commitments and Contingencies (Tables) Sheet http://duoworld.com/role/CommitmentsAndContingenciesTables Commitments and Contingencies (Tables) Tables http://duoworld.com/role/CommitmentsAndContingencies 38 false false R39.htm 00000039 - Disclosure - Basis of Presentation (Details Narrative) Sheet http://duoworld.com/role/BasisOfPresentationDetailsNarrative Basis of Presentation (Details Narrative) Details http://duoworld.com/role/BasisOfPresentation 39 false false R40.htm 00000040 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) Sheet http://duoworld.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative Summary of Significant Accounting Policies (Details Narrative) Details http://duoworld.com/role/SummaryOfSignificantAccountingPoliciesTables 40 false false R41.htm 00000041 - Disclosure - Summary of Significant Accounting Policies - Schedule of Provision for Doubtful Debts Based On Period Outstanding (Details) Sheet http://duoworld.com/role/SummaryOfSignificantAccountingPolicies-ScheduleOfProvisionForDoubtfulDebtsBasedOnPeriodOutstandingDetails Summary of Significant Accounting Policies - Schedule of Provision for Doubtful Debts Based On Period Outstanding (Details) Details 41 false false R42.htm 00000042 - Disclosure - Summary of Significant Accounting Policies - Schedule of Estimated Useful Lives of Fixed Assets (Details) Sheet http://duoworld.com/role/SummaryOfSignificantAccountingPolicies-ScheduleOfEstimatedUsefulLivesOfFixedAssetsDetails Summary of Significant Accounting Policies - Schedule of Estimated Useful Lives of Fixed Assets (Details) Details 42 false false R43.htm 00000043 - Disclosure - Summary of Significant Accounting Policies - Schedule of Concentrations of Revenue (Details) Sheet http://duoworld.com/role/SummaryOfSignificantAccountingPolicies-ScheduleOfConcentrationsOfRevenueDetails Summary of Significant Accounting Policies - Schedule of Concentrations of Revenue (Details) Details 43 false false R44.htm 00000044 - Disclosure - Summary of Significant Accounting Policies - Schedule of Sales by Products (Details) Sheet http://duoworld.com/role/SummaryOfSignificantAccountingPolicies-ScheduleOfSalesByProductsDetails Summary of Significant Accounting Policies - Schedule of Sales by Products (Details) Details 44 false false R45.htm 00000045 - Disclosure - Summary of Significant Accounting Policies - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) Sheet http://duoworld.com/role/SummaryOfSignificantAccountingPolicies-ScheduleOfAccumulatedOtherComprehensiveIncomeLossDetails Summary of Significant Accounting Policies - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) Details 45 false false R46.htm 00000046 - Disclosure - Reverse Recapitalization (Details Narrative) Sheet http://duoworld.com/role/ReverseRecapitalizationDetailsNarrative Reverse Recapitalization (Details Narrative) Details http://duoworld.com/role/ReverseRecapitalization 46 false false R47.htm 00000047 - Disclosure - Accounts Receivable - Schedule of Accounts Receivables (Details) Sheet http://duoworld.com/role/AccountsReceivable-ScheduleOfAccountsReceivablesDetails Accounts Receivable - Schedule of Accounts Receivables (Details) Details 47 false false R48.htm 00000048 - Disclosure - Accounts Receivable - Schedule of Concentrations of Accounts Receivable (Details) Sheet http://duoworld.com/role/AccountsReceivable-ScheduleOfConcentrationsOfAccountsReceivableDetails Accounts Receivable - Schedule of Concentrations of Accounts Receivable (Details) Details 48 false false R49.htm 00000049 - Disclosure - Prepaid Expenses and Other Current Assets (Details Narrative) Sheet http://duoworld.com/role/PrepaidExpensesAndOtherCurrentAssetsDetailsNarrative Prepaid Expenses and Other Current Assets (Details Narrative) Details http://duoworld.com/role/PrepaidExpensesAndOtherCurrentAssetsTables 49 false false R50.htm 00000050 - Disclosure - Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) Sheet http://duoworld.com/role/PrepaidExpensesAndOtherCurrentAssets-ScheduleOfPrepaidExpensesAndOtherCurrentAssetsDetails Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) Details 50 false false R51.htm 00000051 - Disclosure - Property and Equipment (Details Narrative) Sheet http://duoworld.com/role/PropertyAndEquipmentDetailsNarrative Property and Equipment (Details Narrative) Details http://duoworld.com/role/PropertyAndEquipmentTables 51 false false R52.htm 00000052 - Disclosure - Property and Equipment - Schedule of Property and Equipment (Details) Sheet http://duoworld.com/role/PropertyAndEquipment-ScheduleOfPropertyAndEquipmentDetails Property and Equipment - Schedule of Property and Equipment (Details) Details 52 false false R53.htm 00000053 - Disclosure - Intangible Assets - Schedule of Intangible Assets (Details) Sheet http://duoworld.com/role/IntangibleAssets-ScheduleOfIntangibleAssetsDetails Intangible Assets - Schedule of Intangible Assets (Details) Details 53 false false R54.htm 00000054 - Disclosure - Short-term Borrowings (Details Narrative) Sheet http://duoworld.com/role/Short-termBorrowingsDetailsNarrative Short-term Borrowings (Details Narrative) Details http://duoworld.com/role/Short-termBorrowingsTables 54 false false R55.htm 00000055 - Disclosure - Short-term Borrowings - Summary of Short-term Borrowings (Details) Sheet http://duoworld.com/role/Short-termBorrowings-SummaryOfShort-termBorrowingsDetails Short-term Borrowings - Summary of Short-term Borrowings (Details) Details 55 false false R56.htm 00000056 - Disclosure - Due to Related Parties (Details Narrative) Sheet http://duoworld.com/role/DueToRelatedPartiesDetailsNarrative Due to Related Parties (Details Narrative) Details http://duoworld.com/role/DueToRelatedParties 56 false false R57.htm 00000057 - Disclosure - Taxes Payables - Schedule of Taxes Payable (Details) Sheet http://duoworld.com/role/TaxesPayables-ScheduleOfTaxesPayableDetails Taxes Payables - Schedule of Taxes Payable (Details) Details 57 false false R58.htm 00000058 - Disclosure - Accruals and Other Payables - Schedule of Accruals and Other Payables (Details) Sheet http://duoworld.com/role/AccrualsAndOtherPayables-ScheduleOfAccrualsAndOtherPayablesDetails Accruals and Other Payables - Schedule of Accruals and Other Payables (Details) Details 58 false false R59.htm 00000059 - Disclosure - Cost of Revenue - Summary of Cost of Revenue (Details) Sheet http://duoworld.com/role/CostOfRevenue-SummaryOfCostOfRevenueDetails Cost of Revenue - Summary of Cost of Revenue (Details) Details 59 false false R60.htm 00000060 - Disclosure - General and Administrative Expenses - Schedule of General and Administrative Expenses (Details) Sheet http://duoworld.com/role/GeneralAndAdministrativeExpenses-ScheduleOfGeneralAndAdministrativeExpensesDetails General and Administrative Expenses - Schedule of General and Administrative Expenses (Details) Details 60 false false R61.htm 00000061 - Disclosure - Selling and Distribution Expenses - Schedule of Selling and Distribution Expenses (Details) Sheet http://duoworld.com/role/SellingAndDistributionExpenses-ScheduleOfSellingAndDistributionExpensesDetails Selling and Distribution Expenses - Schedule of Selling and Distribution Expenses (Details) Details 61 false false R62.htm 00000062 - Disclosure - Equity (Details Narrative) Sheet http://duoworld.com/role/EquityDetailsNarrative Equity (Details Narrative) Details http://duoworld.com/role/EquityTables 62 false false R63.htm 00000063 - Disclosure - Equity - Schedule of Common Shares Issued (Details) Sheet http://duoworld.com/role/Equity-ScheduleOfCommonSharesIssuedDetails Equity - Schedule of Common Shares Issued (Details) Details 63 false false R64.htm 00000064 - Disclosure - Commitments and Contingencies (Details Narrative) Sheet http://duoworld.com/role/CommitmentsAndContingenciesDetailsNarrative Commitments and Contingencies (Details Narrative) Details http://duoworld.com/role/CommitmentsAndContingenciesTables 64 false false R65.htm 00000065 - Disclosure - Commitments and Contingencies - Schedule of Guarantee Provided by Existed Company (Details) Sheet http://duoworld.com/role/CommitmentsAndContingencies-ScheduleOfGuaranteeProvidedByExistedCompanyDetails Commitments and Contingencies - Schedule of Guarantee Provided by Existed Company (Details) Details 65 false false R66.htm 00000066 - Disclosure - Subsequent Events (Details Narrative) Sheet http://duoworld.com/role/SubsequentEventsDetailsNarrative Subsequent Events (Details Narrative) Details http://duoworld.com/role/SubsequentEvents 66 false false All Reports Book All Reports duuo-20180630.xml duuo-20180630.xsd duuo-20180630_cal.xml duuo-20180630_def.xml duuo-20180630_lab.xml duuo-20180630_pre.xml http://fasb.org/us-gaap/2018-01-31 http://xbrl.sec.gov/dei/2018-01-31 http://fasb.org/srt/2018-01-31 true true ZIP 84 0001493152-18-012282-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-18-012282-xbrl.zip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�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