XML 17 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Jun. 30, 2022
Current Assets    
Cash $ 23,990,879 $ 21,460,948
Receivables, net of allowance for doubtful accounts of $170,103 and $206,093 at June 30, 2023 and 2022, respectively 2,523,019 3,165,200
Contract asset – unbilled current portion 186,959 649,433
Prepaid expense and other current assets 573,763 1,307,128
Total Current Assets 27,274,620 26,582,709
Property and equipment, net 986,300 764,517
Other Assets:    
Deposits and other assets 22,414 22,414
Prepaid expense – less current portion 36,282 82,934
Contract asset – unbilled long-term portion 108,052 108,052
Operating lease – right-of-use asset 310,796 368,512
Goodwill 20,883,886 20,883,886
Capitalized software costs, net 698,281 114,488
Total Other Assets 22,322,511 21,974,486
Total Assets 50,583,431 49,321,712
Current liabilities    
Accounts payable 431,387 690,638
Accrued liabilities 1,620,000 1,206,284
Contract liability – deferred revenue 1,903,001 1,555,143
Lines of credit 0 2,590,907
Operating lease liability – current 58,771 53,862
Notes payable and financing leases – current 219,262 0
Total current liabilities 4,232,421 6,096,834
Long-term liabilities    
Operating lease liability – less current portion 263,047 321,818
Notes payable and financing leases – less current portion 206,032 0
Total liabilities 4,701,500 6,418,652
Stockholders’ equity:    
Common Stock, $0.01 par value, 50,000,000 shares authorized; 18,309,051 and 18,460,538 issued and outstanding at June 30, 2023 and 2022, respectively 183,093 184,608
Additional paid-in capital 67,732,887 68,653,361
Accumulated deficit (22,042,427) (25,943,287)
Total stockholders’ equity 45,881,931 42,903,060
Total liabilities and stockholders’ equity 50,583,431 49,321,712
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred Stock 6,254 6,254
Series B-1 Preferred Stock [Member]    
Stockholders’ equity:    
Preferred Stock 2,124 2,124
Customer Relationships [Member]    
Other Assets:    
Customer relationships $ 262,800 $ 394,200