XML 17 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities:    
Net income (loss) $ 168,959 $ (1,466,793)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and Amortization 382,453 564,800
Bad debt expense $ 43,140 124,982
Charitable non-cash donations 157,950
Stock compensation expense $ 775,202 $ 1,796,386
Loss on short-term marketable securities 26,128
(Increase) decrease in:    
Trade receivables (1,232,910) $ (114,988)
Prepaids and other assets 49,387 (419,887)
(Decrease) increase in:    
Accounts payable (170,736) 84,713
Accrued liabilities (59,270) 26,004
Deferred revenue 219,924 (244,391)
Net cash provided by operating activities 202,277 $ 508,776
Cash Flows From Investing Activities:    
Purchase of Marketable Securities (4,639,036)  
Sale of Marketable Securities $ 4,612,908
Cash advanced on note receivable $ (1,059,460)
Purchase of property and equipment $ (31,987) $ (362,089)
Capitalization of software costs (109,895)
Purchase of long-term investments (471,584)
Net cash used in investing activities (639,594) $ (1,421,549)
Cash Flows From Financing Activities:    
Proceeds from issuance of note payable 396,000 172,795
Proceeds from employee stock plans 199,848 $ 203,211
Proceeds from exercise of warrants $ 33,002
Proceeds from issuance of stock $ 903,469
Series B preferred redemption (7,500)
Dividends paid $ (7,932) (154,473)
Payments on notes payable and capital leases (176,153) (190,127)
Net cash provided by (used in) financing activities 444,765 927,375
Net increase in cash and cash equivalents 7,448 14,602
Cash and cash equivalents at beginning of period 11,325,572 3,352,559
Cash and cash equivalents at end of period $ 11,333,020 $ 3,367,161
Supplemental Disclosure of Cash Flow Information:    
Cash paid for income taxes
Cash paid for interest $ 16,761 $ 55,122
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Common stock to pay accrued liabilities 1,522,281 1,619,962
Preferred stock to pay accrued liabilities 300,000 300,000
Dividends accrued on preferred stock 546,536 444,645
Dividends paid with preferred stock $ 486,190 291,385
Series B Restructure $ 2,141,980