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Consolidated Condensed Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Revenue $ 5,084,866 $ 4,824,101 $ 15,270,729 $ 14,295,091
Operating expense:        
Cost of revenue and product support 831,912 840,272 2,571,533 2,539,618
Sales and marketing 1,349,838 1,239,946 4,119,716 3,667,017
General and administrative 1,352,197 916,237 3,978,798 3,392,056
Depreciation and amortization 288,576 305,864 897,479 771,030
Total operating expense 3,822,523 3,302,319 11,567,526 10,369,721
Income from operations 1,262,343 1,521,782 3,703,203 3,925,370
Other income (expense):        
Interest income 350,691 275,941 925,297 554,299
Interest expense (8,036) (9,771) (21,956) (52,481)
Unrealized gain (loss) on short term investments 5,429 35,068 48,071 (3,753)
Other gain 0 0 0 70,047
Income before income taxes 1,610,427 1,823,020 4,654,615 4,493,482
(Provision) for income taxes: (60,000) (160,000) (274,491) (280,006)
Net income 1,550,427 1,663,020 4,380,124 4,213,476
Dividends on preferred stock (134,345) (146,611) (427,567) (439,833)
Net income applicable to common shareholders $ 1,416,082 $ 1,516,409 $ 3,952,557 $ 3,773,643
Weighted average shares, basic (in shares) 18,194,000 18,394,000 18,194,000 18,408,000
Weighted average shares, diluted (in shares) 18,954,000 18,751,000 18,874,000 18,702,000
Basic income per share (in dollars per share) $ 0.08 $ 0.08 $ 0.22 $ 0.2
Diluted income per share (in dollars per share) $ 0.08 $ 0.08 $ 0.21 $ 0.2
Net income $ 1,550,427 $ 1,663,020 $ 4,380,124 $ 4,213,476
Unrealized loss on available-for-sale securities (25,102) 0 (31,006) 0
Total comprehensive income $ 1,525,325 $ 1,663,020 $ 4,349,118 $ 4,213,476