XML 19 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Revenue $ 19,098,910 $ 18,046,941
Operating expense:    
Cost of services and product support 3,309,345 3,186,712
Sales and marketing 4,933,405 4,853,926
General and administrative 4,685,783 4,716,131
Depreciation and amortization 1,079,799 875,551
Total operating expense 14,008,332 13,632,320
Income from operations 5,090,578 4,414,621
Other income (expense):    
Interest income 821,777 199,124
Interest expense (60,990) (44,307)
Realized loss on short term investments 0 (347,645)
Unrealized (loss) on short term investments (9,752) 0
Other gain (loss) 70,047 (88,730)
Income before income taxes 5,911,660 4,133,063
(Provision) for income taxes: (321,371) (129,968)
Net income 5,590,289 4,003,095
Dividends on preferred stock (586,444) (586,444)
Net income applicable to common shareholders $ 5,003,845 $ 3,416,651
Weighted average shares, basic (in shares) 18,406,000 19,087,000
Weighted average shares, diluted (in shares) 18,766,000 19,380,000
Basic income per share (in dollars per share) $ 0.27 $ 0.18
Diluted income per share (in dollars per share) $ 0.27 $ 0.18