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Condensed Consolidated Statements of Cash Flows
9 Months Ended
Mar. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
Cash flow from operating activities:    
Net income (loss) $ (965,370) $ 195,877
Adjustment to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 525,267 30,486
Fair value of vested stock options 104,502 338,973
Fair value of vested restricted common stock 1,603,820 925,550
Fair value of vested unrestricted common stock 0 68,272
Modification cost of accelerated vesting of restricted common stock 20,949 0
Adjustment to contingent earnout liability (268,287) 0
Changes in operating assets and liabilities:    
Accounts receivable (739,883) (1,545,695)
Prepaid expenses and other current assets (156,026) (122,700)
Prepaid royalties 197,888 47,760
Accounts payable and accrued expenses 498,584 947,789
Deferred revenue 768,347 986,044
Net cash provided by operating activities 1,589,791 1,872,356
Cash flow from investing activities:    
Purchase of property and equipment (57,761) (29,976)
Payment for non-refundable deposit for asset acquisition 0 (297,450)
Net cash used in investing activities (10,081,507) (327,426)
Cash flow from financing activities:    
Proceeds from the exercise of stock options 0 57,500
Common stock repurchase (522,024) (74,556)
Payment of contingent acquisition consideration (314,960) 0
Net cash used in financing activities (836,984) (17,056)
Effect of exchange rate changes 4,791 1,850
Net increase (decrease) in cash and cash equivalents (9,323,909) 1,529,724
Cash and cash equivalents, beginning of period 13,545,333 10,603,175
Cash and cash equivalents, end of period 4,221,424 12,132,899
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 82,049 5,543
Non-cash investing and financing activities:    
Contingent consideration accrual on asset acquisition 36,130 144,384
Resolute    
Cash flow from investing activities:    
Payment for acquisition, net of cash acquired (2,718,253) 0
Scite    
Cash flow from investing activities:    
Payment for acquisition, net of cash acquired $ (7,305,493) $ 0