XML 16 R5.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 5,491,204 $ 5,182,023
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 563,090 913,646
Amortization of operating right of use asset 0 47,386
Stock compensation expense 327,069 302,251
Bad debt expense 675,000 450,000
(Increase) decrease in:    
Accounts receivables (1,669,262) (796,122)
Long-term receivables, prepaids and other assets (762,990) (208,916)
Increase (decrease) in:    
Accounts payable (11,971) 21,746
Operating lease liability 0 (47,372)
Accrued liabilities 669,156 (335,917)
Deferred revenue 578,842 1,234,646
Net cash provided by operating activities 5,860,138 6,763,371
Cash flows from investing activities:    
Issuance of note receivable (3,000,000) 0
Purchase of property and equipment (11,749) (8,795)
Sale (purchase) of marketable securities (39,917) 15,110
Net cash provided by (used in) investing activities (3,051,666) 6,315
Cash flows from financing activities:    
Common Stock buyback/retirement (1,798,537) (100,016)
Proceeds from exercise of warrants 0 79,120
Proceeds from employee stock plan 104,519 134,345
Dividends paid (1,238,197) (1,342,235)
Payments on notes payable and capital leases (160,511) (310,466)
Net cash used in financing activities (4,967,719) (3,789,227)
Net increase (decrease) in cash and cash equivalents (2,159,247) 2,980,459
Cash and cash equivalents at beginning of period 28,568,805 25,153,862
Cash and cash equivalents at end of period 26,409,558 28,134,321
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 709,420 375,119
Cash paid for interest 12,054 7,769
Cash paid for operating leases $ 0 $ 56,244
Common stock to pay accrued liabilities (in shares) 325,136 259,302
Dividends accrued on preferred stock $ 139,653 $ 289,223
Right-of-use asset 0 654,444
Series B Preferred Stock [Member]    
Cash flows from financing activities:    
Redemption of Series B Preferred $ (1,874,993) $ (2,249,975)