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Consolidated Condensed Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 5,490,908 $ 5,125,751 $ 10,932,050 $ 10,185,863
Operating expense:        
Cost of revenue and product support 1,002,556 973,287 1,861,775 1,739,621
Sales and marketing 1,455,036 1,264,377 2,984,136 2,769,878
General and administrative 1,376,553 1,347,278 2,669,104 2,626,601
Depreciation and amortization 304,712 299,958 584,923 608,903
Total operating expense 4,138,857 3,884,900 8,099,938 7,745,003
Income from operations 1,352,051 1,240,851 2,832,112 2,440,860
Other income (expense):        
Interest income 354,633 316,445 704,166 574,606
Interest expense (12,033) (7,576) (22,205) (13,920)
Unrealized gain (loss) on short term investments 8,534 15,456 4,267 42,642
Income before income taxes 1,703,185 1,565,176 3,518,340 3,044,188
(Provision) for income taxes: (152,105) (114,027) (302,105) (214,491)
Net income 1,551,080 1,451,149 3,216,235 2,829,697
Dividends on preferred stock (95,616) (146,611) (203,498) (293,222)
Net income applicable to common shareholders $ 1,455,464 $ 1,304,538 $ 3,012,737 $ 2,536,475
Weighted average shares, basic (in shares) 18,254,000 18,162,000 18,249,000 18,193,000
Weighted average shares, diluted (in shares) 19,143,000 18,805,000 19,122,000 18,822,000
Basic income per share (in dollars per share) $ 0.08 $ 0.07 $ 0.17 $ 0.14
Diluted income per share (in dollars per share) $ 0.08 $ 0.07 $ 0.16 $ 0.13
Comprehensive income:        
Net income $ 1,551,080 $ 1,451,149 $ 3,216,235 $ 2,829,697
Other comprehensive gain:        
Unrealized gain (loss) on available-for-sale securities (15,217) (5,904) 18,869 (5,904)
Total comprehensive income $ 1,535,863 $ 1,445,245 $ 3,235,104 $ 2,823,793