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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities:    
Net income $ 4,117,395 $ 1,593,269
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,019,515 803,002
Amortization of operating right of use asset 85,766 81,604
Stock compensation expense 336,695 399,681
Bad debt expense 1,056,205 800,000
Gain on debt extinguishment (1,109,350) 0
Decrease (increase) in:    
Trade receivables (199,437) (205,718)
Long-term receivables, prepaids and other assets 465,978 1,279,674
Increase (decrease) in:    
Accounts payable 59,697 (122,797)
Accrued liabilities (254,601) (278,255)
Operating lease liability (85,766) (81,605)
Deferred revenue (90,282) (72,716)
Net cash provided by operating activities 5,401,815 4,196,139
Cash Flows From Investing Activities:    
Purchase of property and equipment (147,140) (650,422)
Capitalization of software development costs (171,733) 0
Net cash used in investing activities (318,873) (650,422)
Cash Flows From Financing Activities:    
Proceeds from employee stock purchase plans 117,487 120,923
Proceeds from issuance of notes payable 0 1,109,350
Net increase in lines of credit 1,340,000 0
Dividends paid (586,444) (586,444)
Common stock buy-back (1,308,238) (2,158,471)
Payments on notes payable and capital leases (920,755) (295,168)
Net cash used in financing activities (1,357,950) (1,809,810)
Net increase in cash and cash equivalents 3,724,992 1,735,907
Cash and cash equivalents at beginning of period 20,345,330 18,609,423
Cash and cash equivalents at end of period 24,070,322 20,345,330
Supplemental Disclosure of Cash Flow Information:    
Cash paid for income taxes 167,185 100,158
Cash paid for interest 103,411 16,042
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Common stock to pay accrued liabilities 217,253 396,989
Dividends accrued on preferred stock 586,444 586,444
Right-of-use asset $ 0 $ 862,741