v3.26.3
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Jun. 30, 2025
Current Assets    
Cash $ 27,256,008 $ 28,568,805
Receivables, net of allowance for doubtful accounts of $249,818 and $242,437 at June 30, 2026 and 2025, respectively 4,613,739 4,133,026
Contract asset – unbilled current portion 433,783 428,585
Prepaid expense and other current assets 449,298 555,384
Total Current Assets 32,752,828 33,685,800
Property and equipment, net 303,896 602,172
Other Assets:    
Note receivable, net 2,277,778 0
Investment in equity securities, at fair value 3,462,700 0
Deposits and other assets 122,414 22,414
Prepaid expense – less current portion 2,762 6,568
Goodwill 20,883,886 20,883,886
Deferred income taxes 51,035 0
Capitalized software costs, net 0 128,207
Capitalized software development in progress 1,000,412 0
Total Other Assets 27,800,987 21,041,075
Total Assets 60,857,711 55,329,047
Current liabilities    
Accounts payable 522,404 282,146
Accrued liabilities 3,240,318 1,841,839
Contract liability – deferred revenue 4,509,815 3,175,908
Notes payable and financing leases – current 232,842 231,225
Total current liabilities 8,505,379 5,531,118
Long-term liabilities    
Notes payable and financing leases – less current portion 61,498 278,748
Total liabilities 8,566,877 5,809,866
Commitments and contingencies
Stockholders’ equity:    
Common Stock, $0.01 par value, 50,000,000 shares authorized; 18,189,408 and 18,282,805 issued and outstanding at June 30, 2026 and 2025, respectively 181,896 182,830
Additional paid-in capital 59,159,098 62,181,156
Accumulated other comprehensive loss (36,708) (11,256)
Accumulated deficit (7,015,061) (12,836,910)
Total stockholders’ equity 52,290,834 49,519,181
Total liabilities and stockholders’ equity 60,857,711 55,329,047
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value $ 1,609 $ 3,361