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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows operating activities:    
Net income $ 2,950,882 $ 1,113,441
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 769,440 609,037
Amortization of operating right-of-use asset 63,896 60,793
Bad debt expense 516,694 291,630
Stock compensation expense 249,733 375,000
Gain on debt extinguishment 1,109,350 0
(Increase) decrease in:    
Accounts receivables (1,508,097) (350,908)
Long-term receivables, prepaid and other assets 293,042 884,429
(Decrease) increase in:    
Accounts payable 1,091,304 (187,291)
Accrued liabilities 549,537 (247,233)
Operating lease liability (63,895) (60,794)
Deferred revenue (452,633) (213,677)
Net cash provided by operating activities 3,350,553 2,274,427
Cash flows investing activities:    
Purchase of property and equipment (105,391) (642,922)
Net cash used in investing activities (105,391) (642,922)
Cash flows financing activities:    
Net increase in lines of credit 1,340,000 340,000
Common stock buyback/retirement (508,243) (2,158,471)
Proceeds from employee stock plan 114,430 120,923
Dividends paid (439,833) (439,833)
Payments on notes payable (920,754) (219,992)
Net cash used in financing activities (414,400) (2,357,373)
Net increase (decrease) in cash and cash equivalents 2,830,762 (725,868)
Cash and cash equivalents at beginning of period 20,345,330 18,609,423
Cash and cash equivalents at end of period 23,176,092 17,883,555
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 55,772 100,158
Cash paid for interest 76,700 16,042
Cash paid for operating leases 71,200 71,200
Supplemental disclosure of non-cash investing and financing activities:    
Common stock to pay accrued liabilities 214,550 284,135
Dividends accrued on preferred stock 439,833 439,833
Right of use asset $ 0 $ 862,741