XML 15 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Other comprehensive income (loss) Net income $ 2,829,697 $ 2,550,456
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 608,903 465,166
Amortization of operating right of use asset 29,838 28,450
Stock compensation expense 171,373 209,869
Bad debt expense 150,000 300,000
(Increase) decrease in:    
Accounts receivables (1,389,753) 247,507
Long-term receivables, prepaids and other assets 127,755 21,431
Accounts payable (99,081) (300,930)
Operating lease liability (28,616) (26,172)
Accrued liabilities (71,733) (207,025)
Deferred revenue 123,564 11,240
Net cash provided by operating activities 2,451,947 3,299,992
Cash flows from investing activities:    
Purchase of property and equipment (10,523) (270,854)
Purchase of marketable securities 5,904 (0)
Net cash provided by (used in) investing activities (16,427) (270,854)
Cash flows from financing activities:    
Net (decrease) increase in lines of credit 0 (2,142,165)
Common stock buy-back/retirement (1,515,574) (551,923)
Redemption of series B-1 preferred (749,995) 0
Proceeds from employee stock plan 57,743 48,903
Dividends paid (840,427) (570,511)
Payments on notes payable and capital leases (125,075) 125,865
Net cash used in financing activities (3,173,328) (3,089,831)
Net increase (decrease) in cash and cash equivalents (737,808) (60,693)
Cash and cash equivalents at beginning of period 23,990,879 21,460,948
Cash and cash equivalents at end of period 23,253,071 21,400,255
Supplemental Disclosure of Cash Flow Information    
Cash paid for income taxes 317,944 264,486
Cash paid for interest 6,434 40,446
Cash paid for operating leases 36,282 35,226
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Dividends accrued on preferred stock 293,222 293,222
Common Stock to Pay Accrued Liabilities [Member]    
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Common stock to pay accrued liabilities $ 110,000 $ 152,195