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Consolidated Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2021
Jun. 30, 2021
Cash $ 20,431,158 $ 24,070,322
Receivables, net of allowance for doubtful accounts of $252,278 and $234,693 at September 30, 2021 and June 30, 2021, respectively 3,997,676 3,891,699
Contract asset – unbilled current portion 984,155 1,248,936
Prepaid expense and other current assets 684,310 490,817
Total Current Assets 26,097,299 29,701,774
Property and equipment, net 1,017,202 2,589,194
Other Assets:    
Deposits and other assets 22,414 22,414
Prepaid expense – less current portion 34,907 47,987
Contract asset – unbilled long-term portion 291,833 408,925
Operating lease – right-of-use asset 673,319 695,371
Goodwill 20,883,886 20,883,886
Capitalized software costs, net 157,420 171,732
Total Other Assets 22,556,529 22,755,915
Total Assets 49,671,030 55,046,883
Current liabilities:    
Accounts payable 371,825 467,194
Accrued liabilities 738,283 988,092
Contract liability - deferred revenue 1,758,710 1,755,341
Lines of credit 0 6,000,000
Operating lease liability - current 91,297 90,156
Total current liabilities 2,960,115 9,300,783
Long-term liabilities:    
Operating lease liability – less current portion 582,022 605,214
Total liabilities 3,542,137 9,905,997
Stockholders’ equity:    
Common Stock, $0.01 par value, 50,000,000 shares authorized; 19,387,552 and 19,351,935 issued and outstanding at September 30, 2021 and June 30, 2021, respectively 193,878 193,522
Additional paid-in capital 74,486,369 74,298,924
Accumulated deficit (28,559,732) (29,359,938)
Total stockholders’ equity 46,128,893 45,140,886
Total liabilities and stockholders’ equity 49,671,030 55,046,883
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value 6,254 6,254
Series B-1 Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value 2,124 2,124
Customer Relationships [Member]    
Other Assets:    
Customer relationships $ 492,750 $ 525,600