SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Contract assets and liabilities

	Contract assets
Balance – September 30, 2019	$	4,513,131
Revenue recognized during the period but not billed		286,862
Amounts reclassified to accounts receivable		(449,471	)
Other		—
Balance – December 31, 2019	$	4,350,522	(1)

(1) Contract asset balances for December 31, 2019 include a current and a long-term contract asset, $2,909,583, and $1,440,939, respectively.

The table below shows movements in the deferred revenue balances (current and noncurrent) for the period:

	Contract liability
Balance – September 30, 2019	$	1,955,425
Amounts billed but not recognized as revenue		(142,600	)
Revenue recognized related to the opening balance of deferred revenue		649,099
Other		—
Balance – December 31, 2019	$	2,461,924

Disaggregation of revenues

	For the Six Months Ended December 31, 2019
Geography	Subscription & support		Professional services		Transaction based		Total
North America	$	8,029,104	$	325,607	$	1,256,763		9,611,474
International		25,942		—		—		25,942
Total	$	8,055,046	$	325,607	$	1,256,763	$	9,637,416

Earnings per share

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2019		2018		019		2018
Numerator
Net income applicable to common shareholders	$	516,492	$	1,538,997	$	548,232	$	2,358,795
Denominator
Weighted average common shares outstanding, basic		19,741,000		19,822,000		19,775,000		19,804,000
Warrants to purchase common stock		311,000		553,000		258,000		670,000
Weighted average common shares outstanding, diluted		20,052,000		20,375,000		20,033,000		20,474,000
Net income per share
Basic	$	0.03	$	0.08	$	0.03	$	0.12
Diluted	$	0.03	$	0.08	$	0.03	$	0.12