XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]        
Revenue $ 5,278,783 $ 4,748,652 $ 15,715,654 $ 13,750,786
Operating expenses:        
Cost of services and product support 1,805,256 1,342,772 4,649,620 3,736,691
Sales and marketing 1,574,663 1,350,726 4,781,752 3,702,975
General and administrative 1,293,727 1,006,605 3,569,584 2,967,842
Depreciation and amortization 165,189 106,899 487,815 336,340
Total operating expenses 4,838,835 3,807,002 13,488,771 10,743,848
Income from operations 439,948 941,650 2,226,883 3,006,938
Other expense:        
Interest expense 17,730 (4,729) (12,157) (18,052)
Income before income taxes 457,678 936,921 2,214,726 2,988,886
(Provision) benefit for income taxes (349) (35,471) (76,063) (94,655)
Net income 457,329 901,450 2,138,663 2,894,231
Dividends on preferred stock (146,611) (202,036) (426,737) (584,288)
Net income applicable to common shareholders $ 310,718 $ 699,414 $ 1,711,926 $ 2,309,943
Weighted average shares, basic 19,648,000 19,390,000 19,519,000 19,331,000
Weighted average shares, diluted 20,321,000 20,353,000 20,250,000 20,251,000
Basic income per share $ 0.02 $ 0.04 $ 0.09 $ 0.12
Diluted income per share $ 0.02 $ 0.03 $ 0.08 $ 0.11