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Consolidated Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Revenue $ 4,555,906 $ 6,022,540 $ 13,469,170 $ 16,422,146
Operating expense:        
Cost of services and product support 773,651 2,634,224 2,437,351 6,706,769
Sales and marketing 1,229,677 1,155,266 3,570,606 3,643,602
General and administrative 1,178,649 1,255,410 3,484,307 3,568,474
Depreciation and amortization 197,393 259,343 676,324 769,440
Total operating expense 3,379,370 5,304,243 10,168,588 14,688,285
Income from operations 1,176,536 718,297 3,300,582 1,733,861
Other income (expense):        
Interest income 24,975 60,234 167,015 176,078
Interest expense (13,919) (4,248) (20,120) (76,700)
Unrealized gain (loss) on short term investments (65,889) (1,131) (328,987) 54,434
Other gain (loss) (5,649) 10,000 (88,730) 1,109,350
Income before income taxes 1,116,054 783,152 3,029,760 2,997,023
(Provision) for income taxes: (28,038) (9,955) (122,859) (46,141)
Net income 1,088,016 773,197 2,906,901 2,950,882
Dividends on preferred stock (146,611) (146,611) (439,833) (439,833)
Net income applicable to common shareholders $ 941,405 $ 626,586 $ 2,467,068 $ 2,511,049
Weighted average shares, basic (in shares) 19,019,000 19,555,000 19,255,000 19,511,000
Weighted average shares, diluted (in shares) 19,422,000 19,942,000 19,579,000 19,744,000
Basic income per share (in dollars per share) $ 0.05 $ 0.03 $ 0.13 $ 0.13
Diluted income per share (in dollars per share) $ 0.05 $ 0.03 $ 0.13 $ 0.13