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SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Contract assets and liabilities

		Contract assets
Balance – June 30, 2020		$	3,139,480
Revenue recognized during the period but not billed			803,660
Amounts reclassified to accounts receivable			(501,151	)
Other			-
Balance – September 30, 2020		$	3,441,989	(1)

(1) Contract asset balances for September 30, 2020 include a current and a long-term contract asset, $2,899,819, and $542,170, respectively.

The table below shows movements in the deferred revenue balances (current and noncurrent) for the period:

		Contract liability
Balance – June 30, 2020		$	1,845,347
Amounts billed but not recognized as revenue			1,230,106
Revenue recognized related to the opening balance of deferred revenue			(1,123,986	)
Other			-
Balance – September 30, 2020		$	1,951,467

Disaggregation of revenues

		For the Three Months Ended September 30, 2020
Geography		Subscription & support				Professional services				Transaction based				Total
North America		$	4,086,790			$	48,769			$	1,089,843			$	5,225,402
International			-				-				-				-
Total		$	4,086,790			$	48,769			$	1,089,843			$	5,225,402

Earnings per share

		Three Months Ended September 30,
		2020				2019
Numerator
Net income applicable to Common Stockholders		$	408,215			$	31,740
Denominator
Weighted average Common Stock outstanding, basic			19,489,000				19,811,000
Warrants to purchase Common Stock			153,000				311,000
Weighted average Common Stock outstanding, diluted			19,642,000				20,122,000
Net income per share
Basic		$	0.02			$	0.00
Diluted		$	0.02			$	0.00

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
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