SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Contract assets and liabilities

	Contract assets
Balance – December 31, 2018	$	5,903,046
Revenue recognized during the period but not billed		407,966
Amounts reclassified to accounts receivable		(1,066,386	)
Other
Balance – March 31, 2019	$	5,244,626	(1)

(1) Contract asset balances for March 31, 2019 include a current and a long-term contract asset, $3,379,652, and $1,864,974, respectively.

	Contract liability
Balance – December 31, 2018	$	2,671,296
Amounts billed but not recognized as revenue		(1,072,836	)
Revenue recognized related to the opening balance of deferred revenue		465,350
Other
Balance – March 31, 2019	$	2,063,810

Disaggregation of revenues

	For the Nine Months Ended March 31, 2019
Geography	Subscription & support		Professional services		Transaction based		Total
North America	$	4,018,892	$	148,922	$	821,063		4,988,877
International		-		-		17,255		17,255
Total	$	4,018,892	$	148,922	$	838,318	$	5,006,132

Earnings per share

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2019		2018		2019		2018
Numerator
Net income applicable to common shareholders	$	921,476	$	310,718	$	3,280,271	$	1,711,926
Denominator
Weighted average common shares outstanding, basic		19,861,000		19,648,000		19,823,000		19,519,000
Warrants to purchase common stock		529,000		673,000		546,000		731,000
Weighted average common shares outstanding, diluted		20,390,000		20,321,000		20,369,000		20,250,000
Net income per share
Basic	$	0.05	$	0.02	$	0.17	$	0.09
Diluted	$	0.05	$	0.02	$	0.16	$	0.08