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Consolidated Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2023
Jun. 30, 2022
Current Assets    
Cash $ 22,941,493 $ 21,460,948
Receivables, net of allowance for doubtful accounts of $168,699 and $206,093 at March 31, 2023 and June 30, 2022, respectively 2,242,187 3,165,200
Contract asset – unbilled current portion 285,474 649,433
Prepaid expense and other current assets 518,458 1,307,128
Total Current Assets 25,987,612 26,582,709
Property and equipment, net 1,128,022 764,517
Other Assets:    
Deposits and other assets 22,414 22,414
Prepaid expense – less current portion 50,988 82,934
Contract asset – unbilled long-term portion 108,052 108,052
Operating lease – right-of-use asset 325,493 368,512
Goodwill 20,883,886 20,883,886
Capitalized software costs, net 776,695 114,488
Total Other Assets 22,463,178 21,974,486
Total Assets 49,578,812 49,321,712
Current liabilities    
Accounts payable 380,826 690,638
Accrued liabilities 1,662,400 1,206,284
Contract liability – deferred revenue 1,562,774 1,555,143
Lines of credit 0 2,590,907
Operating lease liability – current 57,502 53,862
Notes payable and financing leases – current 219,262 0
Total current liabilities 3,882,764 6,096,834
Long-term liabilities    
Operating lease liability – less current portion 278,401 321,818
Notes payable and financing leases – less current portion 200,770 0
Total liabilities 4,361,935 6,418,652
Commitments and Contingencies  
Stockholders’ equity:    
Common Stock, $0.01 par value, 50,000,000 shares authorized; 18,350,765 and 18,460,538 issued and outstanding at March 31, 2023 and June 30, 2022, respectively 183,510 184,608
Additional paid-in capital 68,022,970 68,653,361
Accumulated deficit (22,997,981) (25,943,287)
Total stockholders’ equity 45,216,877 42,903,060
Total liabilities and stockholders’ equity 49,578,812 49,321,712
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value 6,254 6,254
Series B-1 Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value 2,124 2,124
Customer Relationships [Member]    
Other Assets:    
Customer relationships $ 295,650 $ 394,200