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Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2022
Jun. 30, 2022
Current Assets    
Cash $ 21,627,727 $ 21,460,948
Receivables, net of allowance for doubtful accounts of $193,151 and $206,093 at September 30, 2022 and June 30, 2022, respectively 3,076,535 3,165,200
Contract asset – unbilled current portion 551,546 649,433
Prepaid expense and other current assets 1,116,014 1,307,128
Total Current Assets 26,371,822 26,582,709
Property and equipment, net 1,061,649 764,517
Other Assets:    
Deposits and other assets 22,414 22,414
Prepaid expense – less current portion 75,167 82,934
Contract asset – unbilled long-term portion 108,052 108,052
Operating lease – right-of-use asset 354,370 368,512
Goodwill 20,883,886 20,883,886
Capitalized software costs, net 68,625 114,488
Total Other Assets 21,873,864 21,974,486
Total Assets 49,307,335 49,321,712
Current liabilities    
Accounts payable 425,927 690,638
Accrued liabilities 1,459,437 1,206,284
Contract liability - deferred revenue 1,727,041 1,555,143
Lines of credit 1,296,590 2,590,907
Operating lease liability - current 55,076 53,862
Notes payable and financing leases – current 132,007 0
Total current liabilities 5,096,078 6,096,834
Long-term liabilities    
Operating lease liability – less current portion 307,601 321,818
Notes payable and financing leases – less current portion 117,138 0
Total liabilities 5,520,817 6,418,652
Stockholders’ equity:    
Common Stock, $0.01 par value, 50,000,000 shares authorized; 18,468,346 and 18,460,538 issued and outstanding at September 30, 2022 and June 30, 2022, respectively 184,686 184,608
Additional paid-in capital 68,675,402 68,653,361
Accumulated deficit (25,081,948) (25,943,287)
Total stockholders’ equity 43,786,518 42,903,060
Total liabilities and stockholders’ equity 49,307,335 49,321,712
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 $ 361,350 $ 394,200