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Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Revenue $ 4,824,101 $ 4,555,906 $ 14,295,091 $ 13,469,170
Operating expense:        
Cost of services and product support 840,272 773,651 2,539,618 2,437,351
Sales and marketing 1,239,946 1,229,677 3,667,017 3,570,606
General and administrative 916,237 1,178,649 3,392,056 3,484,307
Depreciation and amortization 305,864 197,393 771,030 676,324
Total operating expense 3,302,319 3,379,370 10,369,721 10,168,588
Income from operations 1,521,782 1,176,536 3,925,370 3,300,582
Other income (expense):        
Interest income 275,941 24,975 554,299 167,015
Interest expense (9,771) (13,919) (52,481) (20,120)
Unrealized (loss) on short term investments 35,068 (65,889) (3,753) (328,987)
Other gain (loss) 0 (5,649) 70,047 (88,730)
Income before income taxes 1,823,020 1,116,054 4,493,482 3,029,760
(Provision) for income taxes: (160,000) (28,038) (280,006) (122,859)
Net income 1,663,020 1,088,016 4,213,476 2,906,901
Dividends on preferred stock (146,611) (146,611) (439,833) (439,833)
Net income applicable to common shareholders $ 1,516,409 $ 941,405 $ 3,773,643 $ 2,467,068
Weighted average shares, basic (in shares) 18,394,000 19,019,000 18,408,000 19,255,000
Weighted average shares, diluted (in shares) 18,751,000 19,422,000 18,702,000 19,579,000
Basic income per share (in dollars per share) $ 0.08 $ 0.05 $ 0.20 $ 0.13
Diluted income per share (in dollars per share) $ 0.08 $ 0.05 $ 0.20 $ 0.13