SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Contract assets and liabilities

	Contract assets
Balance – September 30, 2018	$	5,005,395
Revenue recognized during the period but not billed		1,571,453
Amounts reclassified to accounts receivable		(673,802	)
Other		-
Balance – December 31, 2018	$	5,903,046	(1)

(1) Contract asset balances for December 31, 2018 includes a current and long-term contract asset, $2,727,921, and $3,175,125, respectively.

	Contract liability
Balance – September 30, 2018	$	2,115,539
Amounts billed but not recognized as revenue		1,362,981
Revenue recognized related to the opening balance of deferred revenue		(807,224	)
Other		-
Balance – December 31, 2018	$	2,671,296

Disaggregation of revenues

	For the Six Months Ended December 31 2018
Geography	Subscription & support		Professional services		Transaction based		Total
North America	$	8,217,716	$	1,854,737	$	1,408,896	$	11,481,349
International		—		—		25,882		25,882
Total	$	1,854,737	$	1,434,778	$	11,507,231	$	11,507,231

Earnings per share

The following table presents the components of the computation of basic and diluted earnings per share for the periods indicated:

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2018		2017		2018		2017
Numerator
Net income applicable to common shareholders	$	1,538,997	$	1,187,518	$	2,358,795	$	1,401,208
Denominator
Weighted average common shares outstanding, basic		19,822,000		19,487,000		19,804,000		19,455,000
Warrants to purchase common stock		553,000		851,000		670,000		885,000
Weighted average common shares outstanding, diluted		20,375,000		20,338,000		20,474,000		20,340,000
Net income per share
Basic	$	0.08	$	0.06	$	0.12	$	0.07
Diluted	$	0.08	$	0.06	$	0.12	$	0.07