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Consolidated Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Jun. 30, 2021
Current Assets:    
Cash $ 21,269,307 $ 24,070,322
Receivables, net of allowance for doubtful accounts of $192,315 and $234,693 at March 31, 2022 and June 30, 2021, respectively 3,593,383 3,891,699
Contract asset – unbilled current portion 665,322 1,248,936
Prepaid expense and other current assets 1,163,489 490,817
Total Current Assets 26,691,501 29,701,774
Property and equipment, net 865,931 2,589,194
Other Assets:    
Deposits and other assets 22,414 22,414
Prepaid expense – less current portion 67,098 47,987
Contract asset – unbilled long-term portion 206,052 408,925
Operating lease – right-of-use asset 382,544 695,371
Goodwill 20,883,886 20,883,886
Capitalized software costs, net 128,799 171,732
Total Other Assets 22,117,843 22,755,915
Total Assets 49,675,275 55,046,883
Current liabilities:    
Accounts payable 493,405 467,194
Accrued liabilities 1,065,034 988,092
Contract liability - deferred revenue 1,542,020 1,755,341
Lines of credit 3,385,867 6,000,000
Operating lease liability - current 52,669 90,156
Total current liabilities 6,538,995 9,300,783
Long-term liabilities:    
Operating lease liability – less current portion 335,903 605,214
Total liabilities 6,874,898 9,905,997
Stockholders’ equity:    
Common Stock, $0.01 par value, 50,000,000 shares authorized; 18,637,929 and 19,351,935 issued and outstanding at March 31, 2022 and June 30, 2021, respectively 186,382 193,522
Additional paid-in capital 69,498,487 74,298,924
Accumulated deficit (26,892,870) (29,359,938)
Total stockholders’ equity 42,800,377 45,140,886
Total liabilities and stockholders’ equity 49,675,275 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 $ 427,050 $ 525,600