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SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

Contract assets and liabilities

		Contract assets
Balance – June 30, 2018		$	4,696,861
Revenue recognized during the period but not billed			1,191,104
Amounts reclassified to accounts receivable			(882,570	)
Other			-
Balance – September 30, 2018		$	5,005,395	(1)

(1) Contract asset balances for September 30, 2018 includes a current and long-term contract asset, $ 2,197,201 and $ 2,808,194, respectively.

		Contract liability
Balance – June 30, 2018		$	2,335,286
Amounts billed but not recognized as revenue			395,565
Revenue recognized related to the opening balance of deferred revenue			(615,312	)
Other			-
Balance – September 30, 2018		$	2,115,539

Disaggregation of revenues

For the Three Months Ended, September 30 2018
Geography		Subscription & support				Professional services				Transaction based				Total
North America		$	4,060,615			$	1,090,089			$	778,349			$	5,928,854
International			-				-				12,941				12,941
Total		$	4,060,615			$	1,090,089			$	791,290			$	5,941,994

Basic and diluted earnings per share

		Three Months Ended
		September 30,
		2018				2017
Numerator
Net income applicable to common shareholders		$	819,798			$	213,690
Denominator
Weighted average common shares outstanding, basic			19,786,000				19,424,000
Warrants to purchase common stock			577,000				914,000
Weighted average common shares outstanding, diluted			20,363,000				20,338,000
Net income per share
Basic		$	0.04			$	0.01
Diluted		$	0.04			$	0.01

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Tabular disclosure of contract balances and changes in contract balances.

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-Publisher FASB
-Name Accounting Standards Codification
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