Condensed Consolidated Balance Sheets - USD ($)
|
Dec. 31, 2019 |
Jun. 30, 2019 |
| Current assets: |
|
|
| Cash and cash equivalents |
$ 6,769,128
|
$ 5,353,090
|
| Accounts receivable, net of allowance of $88,773 and $100,175, respectively |
4,150,780
|
4,493,169
|
| Prepaid expenses and other current assets |
315,774
|
323,591
|
| Prepaid royalties |
301,110
|
0
|
| Total current assets |
11,536,792
|
10,169,850
|
| Other assets: |
|
|
| Property and equipment, net of accumulated depreciation of $804,971 and $789,788, respectively |
22,629
|
36,828
|
| Deposits and other assets |
6,327
|
14,406
|
| Right of use asset, net of accumulated amortization of $330,109 and $270,777, respectively |
132,913
|
192,245
|
| Total assets |
11,698,661
|
10,413,329
|
| Current liabilities: |
|
|
| Accounts payable and accrued expenses |
5,856,740
|
4,862,895
|
| Deferred revenue |
2,873,415
|
2,310,206
|
| Lease liability, current portion |
134,071
|
129,187
|
| Total current liabilities |
8,864,226
|
7,302,288
|
| Long-term liabilities: |
|
|
| Lease liability, long-term portion |
11,444
|
79,326
|
| Total liabilities |
8,875,670
|
7,381,614
|
| Commitments and contingencies |
|
|
| Stockholders' equity: |
|
|
| Preferred stock; $0.001 par value; 20,000,000 shares authorized; no shares issued and outstanding |
0
|
0
|
| Common stock; $0.001 par value; 100,000,000 shares authorized; 24,475,556 and 24,375,948 shares issued and outstanding, respectively |
24,476
|
24,376
|
| Additional paid-in capital |
24,098,311
|
23,631,481
|
| Accumulated deficit |
(21,188,186)
|
(20,514,557)
|
| Accumulated other comprehensive loss |
(111,610)
|
(109,585)
|
| Total stockholders' equity |
2,822,991
|
3,031,715
|
| Total liabilities and stockholders' equity |
$ 11,698,661
|
$ 10,413,329
|