XML 15 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Condensed Balance Sheets (USD $)
Mar. 31, 2012
Jun. 30, 2011
Assets    
Cash and cash equivalents $ 631,132 $ 2,618,229
Receivables, net of allowance of $152,000 and $15,581 at March 31, 2012 and June 30, 2011, respectively 1,426,229 2,059,773
Prepaid expenses and other current assets 215,712 265,818
Total current assets 2,273,073 4,943,820
Property and equipment, net 552,414 651,992
Deposits and other assets 20,697 24,026
Customer relationships 2,868,230 3,184,967
Goodwill 4,805,933 4,805,933
Capitalized software costs, net 255,789 365,413
Total other assets 7,950,649 8,380,339
Total assets 10,776,136 13,976,151
Liabilities and Stockholders' Equity    
Accounts payable 507,108 790,914
Accrued liabilities 1,363,048 1,162,775
Deferred revenue 1,198,069 1,663,232
Capital lease obligations 56,372 107,547
Lines of credit 1,200,000 1,200,000
Notes payable 789,984 2,414,853
Total current liabilities 5,114,581 7,339,321
Notes payable, less current portion 859,377 1,271,691
Capital lease obligations, less current portion    41,202
Total liabilities 5,973,958 8,652,214
Commitments and contingencies      
Stockholders' equity:    
Series A Convertible Preferred Stock, $0.01 par value, 30,000,000 shares authorized; 680,559 and 667,955 shares issued and outstanding at March 31, 2012 and June 30, 2011, respectively 6,806 6,680
Series B Convertible Preferred Stock, $0.01 par value, 30,000,000 shares authorized; 411,927 shares issued and outstanding at March 31, 2012 and June 30, 2011, respectively 4,119 4,119
Common Stock, $0.01 par value, 50,000,000 shares authorized; 11,862,031 and 11,612,460 shares issued and outstanding at March 31, 2012 and June 30, 2011, respectively 118,620 116,125
Additional paid-in capital 36,998,069 36,088,584
Accumulated deficit (32,325,436) (30,891,571)
Total stockholders' equity 4,802,178 5,323,937
Total liabilities and stockholders' equity $ 10,776,136 $ 13,976,151