Research Solutions (RSSS) 10-Q 14 Nov 19 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2019	Nov. 08, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Registrant Name	Research Solutions, Inc.
Entity Central Index Key	0001386301
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Trading Symbol	RSSS
Entity Common Stock, Shares Outstanding		24,488,035
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 5,587,833	$ 5,353,090
Accounts receivable, net of allowance of $100,110 and $100,175, respectively	4,376,807	4,493,169
Prepaid expenses and other current assets	259,880	323,591
Prepaid royalties	69,699	0
Total current assets	10,294,219	10,169,850
Other assets:
Property and equipment, net of accumulated depreciation of $796,199 and $789,788, respectively	28,840	36,828
Deposits and other assets	14,382	14,406
Right of use asset, net of accumulated amortization of $300,290 and $270,777, respectively	162,732	192,245
Total assets	10,500,173	10,413,329
Current liabilities:
Accounts payable and accrued expenses	4,886,724	4,862,895
Deferred revenue	2,418,795	2,310,206
Lease liability, current portion	131,617	129,187
Total current liabilities	7,437,136	7,302,288
Long-term liabilities:
Lease liability, long-term portion	45,550	79,326
Total liabilities	7,482,686	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; 24,441,505 and 24,375,948 shares issued and outstanding, respectively	24,442	24,376
Additional paid-in capital	23,702,212	23,631,481
Accumulated deficit	(20,596,014)	(20,514,557)
Accumulated other comprehensive loss	(113,153)	(109,585)
Total stockholders' equity	3,017,487	3,031,715
Total liabilities and stockholders' equity	$ 10,500,173	$ 10,413,329

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Allowance for Doubtful Accounts Receivable, Current	$ 100,110	$ 100,175
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 796,199	$ 789,788
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	24,441,505	24,375,948
Common Stock, Shares, Outstanding	24,441,505	24,375,948
Use Rights [Member]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 300,290	$ 270,777

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Other Comprehensive Loss - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Revenue:
Total revenue	$ 7,595,113	$ 6,952,521
Cost of revenue:
Total cost of revenue	5,278,578	5,004,566
Gross profit	2,316,535	1,947,955
Operating expenses:
Selling, general and administrative	2,435,680	2,170,712
Depreciation and amortization	7,558	11,115
Total operating expenses	2,443,238	2,181,827
Loss from operations	(126,703)	(233,872)
Other income (expenses):
Other income	25,549	23,485
Total other income	25,549	23,485
Loss from operations before provision for income taxes	(101,154)	(210,387)
Provision for income taxes	(6,494)	(9,221)
Loss from continuing operations	(107,648)	(219,608)
Gain from sale of discontinued operations	26,191	41,720
Net loss	(81,457)	(177,888)
Other comprehensive loss:
Foreign currency translation	(3,568)	(4,370)
Comprehensive loss	$ (85,025)	$ (182,258)
Loss per common share:
Loss per share from continuing operations, basic and diluted	$ 0	$ (0.01)
Income per share from discontinued operations, basic and diluted	0	0
Net loss per share, basic and diluted	$ 0	$ (0.01)
Weighted average common shares outstanding, basic and diluted	24,095,266	23,644,787
Platforms [Member]
Revenue:
Total revenue	$ 856,445	$ 589,013
Cost of revenue:
Total cost of revenue	150,470	108,259
Transactions [Member]
Revenue:
Total revenue	6,738,668	6,363,508
Cost of revenue:
Total cost of revenue	$ 5,128,108	$ 4,896,307

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Stockholders' Equity - USD ($)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Other Comprehensive Loss	Total
Balance at Jun. 30, 2018	$ 24,017	$ 22,904,691	$ (19,554,599)	$ (94,707)	$ 3,279,402
Balance (in shares) at Jun. 30, 2018	24,016,999
Fair value of vested stock options	$ 0	39,648	0	0	39,648
Fair value of vested restricted common stock	$ 130	76,131	0	0	76,261
Fair value of vested restricted common stock (in shares)	130,127
Repurchase of common stock	$ (34)	(75,166)	0	0	(75,200)
Repurchase of common stock (in shares)	(34,200)
Common stock issued upon exercise of stock options	$ 4	(4)	0	0	0
Common stock issued upon exercise of stock options (in shares)	3,750
Common stock issued upon exercise of warrants	$ 39	(39)	0	0	0
Common stock issued upon exercise of warrants (in shares)	39,000
Net loss for the period	$ 0	0	(177,888)	0	(177,888)
Foreign currency translation	0	0	0	(4,370)	(4,370)
Balance at Sep. 30, 2018	$ 24,156	22,945,261	(19,732,487)	(99,077)	3,137,853
Balance (in shares) at Sep. 30, 2018	24,155,676
Balance at Jun. 30, 2018	$ 24,017	22,904,691	(19,554,599)	(94,707)	3,279,402
Balance (in shares) at Jun. 30, 2018	24,016,999
Balance at Jun. 30, 2019	$ 24,376	23,631,481	(20,514,557)	(109,585)	3,031,715
Balance (in shares) at Jun. 30, 2019	24,375,948
Fair value of vested stock options	$ 0	58,198	0	0	58,198
Fair value of vested restricted common stock	$ 70	84,404	0	0	84,474
Fair value of vested restricted common stock (in shares)	70,000
Repurchase of common stock	$ (28)	(71,847)	0	0	(71,875)
Repurchase of common stock (in shares)	(28,750)
Common stock issued upon exercise of stock options	$ 24	(24)	0	0	$ 0
Common stock issued upon exercise of stock options (in shares)	24,307				40,000
Net loss for the period	$ 0	0	(81,457)	0	$ (81,457)
Foreign currency translation	0	0	0	(3,568)	(3,568)
Balance at Sep. 30, 2019	$ 24,442	$ 23,702,212	$ (20,596,014)	$ (113,153)	$ 3,017,487
Balance (in shares) at Sep. 30, 2019	24,441,505

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flow from operating activities:
Net loss	$ (81,457)	$ (177,888)
Adjustment to reconcile net loss to net cash provided by (used in) operating activities:
Gain from sale of discontinued operations	(26,191)	(41,720)
Depreciation and amortization	7,558	11,115
Amortization of lease right	29,513	28,338
Fair value of vested stock options	58,198	39,648
Fair value of vested restricted common stock	84,474	76,261
Changes in operating assets and liabilities:
Accounts receivable	116,362	200,015
Prepaid expenses and other current assets	89,902	105,843
Prepaid royalties	(69,699)	(162,067)
Accounts payable and accrued expenses	23,829	(320,404)
Deferred revenue	108,589	(30,219)
Lease liability	(31,346)	(29,045)
Net cash provided by (used in) operating activities	309,732	(300,123)
Cash flow from investing activities:
Purchase of property and equipment	0	0
Net cash used in investing activities	0	0
Cash flow from financing activities:
Common stock repurchase and retirement	(71,875)	(75,200)
Net cash used in financing activities	(71,875)	(75,200)
Effect of exchange rate changes	(3,114)	(5,830)
Net increase (decrease) in cash and cash equivalents	234,743	(381,153)
Cash and cash equivalents, beginning of period	5,353,090	4,908,180
Cash and cash equivalents, end of period	5,587,833	4,527,027
Supplemental disclosures of cash flow information:
Cash paid for income taxes	$ 6,494	$ 9,221

Organization, Nature of Busines

Organization, Nature of Business and Basis of Presentation	3 Months Ended
	Sep. 30, 2019
Organization, Nature of Business and Basis of Presentation
Organization, Nature of Business and Basis of Presentation	Note 1. Organization, Nature of Business and Basis of Presentation Organization Research Solutions, Inc. (the “Company,” “Research Solutions,” “we,” “us” or “our”) was incorporated in the State of Nevada on November 2, 2006, and is a publicly traded holding company with two wholly owned subsidiaries: Reprints Desk, Inc., a Delaware corporation and Reprints Desk Latin America S. de R.L. de C.V, an entity organized under the laws of Mexico. Nature of Business We provide two service offerings to our customers: annual licenses that allow customers to access and utilize certain premium features of our cloud based software-as-a-service (“SaaS”) research intelligence platform (“Platforms”) and the transactional sale of published scientific, technical, and medical (“STM”) content managed, sourced and delivered through the Platform (“Transactions”). Platforms and Transactions are packaged as a single solution that enable life science and other research intensive organizations to speed up research and development activities with faster, single sourced access and management of content and data used throughout the intellectual property development lifecycle. Platforms Our cloud-based SaaS research intelligence platform consists of proprietary software and Internet-based interfaces sold to customers for an annual subscription fee. Legacy functionality allows customers to initiate orders, route orders for the lowest cost acquisition, manage transactions, obtain spend and usage reporting, automate authentication, and connect seamlessly to in-house and third-party software systems. Customers can also enhance the information resources they already own or license and collaborate around bibliographic information. Additional functionality has recently been added to our Platform in the form of interactive app-like gadgets. An alternative to manual data filtering, identification and extraction, gadgets are designed to gather, augment, and extract data across a variety of formats, including bibliographic citations, tables of contents, RSS feeds, PDF files, XML feeds, and web content. We are rapidly developing new gadgets in order to build an ecosystem of gadgets. Together, these gadgets will provide researchers with an “all in one” toolkit, delivering efficiencies in core research workflows and knowledge creation processes. Our Platform is deployed as a single, multi-tenant system across our entire customer base. Customers securely access the Platform through online web interfaces and via web service APIs that enable customers to leverage Platform features and functionality from within in-house and third-party software systems. The Platform can also be configured to satisfy a customer’s individual preferences. We leverage our Platform’s efficiencies in scalability, stability and development costs to fuel rapid innovation and competitive advantage. Transactions Our Platform provides our customers with a single source to the universe of published STM content that includes over 70 million existing STM articles and over one million newly published STM articles each year. STM content is sold to our customers on a transaction basis. Researchers and knowledge workers in life science and other research-intensive organizations generally require single copies of published STM journal articles for use in their research activities. These individuals are our primary users. Our Platform allows customers to find and download digital versions of STM articles that are critical to their research. Customers submit orders for the articles they need which we source and electronically deliver to them generally in under an hour. This service is generally known in the industry as single article delivery or document delivery. We also obtain the necessary permission licenses from the content publisher or other rights holder so that our customer’s use complies with applicable copyright laws. We have arrangements with hundreds of content publishers that allow us to distribute their content. The majority of these publishers provide us with electronic access to their content, which allows us to electronically deliver single articles to our customers often in a matter of minutes. Principles of Consolidation The accompanying financial statements are consolidated and include the accounts of the Company and its wholly-owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. Basis of Presentation The accompanying condensed consolidated financial statements are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10‑K for the fiscal year ended June 30, 2019 filed with the SEC. The condensed consolidated balance sheet as of June 30, 2019 included herein was derived from the audited consolidated financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary to fairly present the Company’s financial position and results of operations for the interim periods reflected. Except as noted, all adjustments contained herein are of a normal recurring nature. Results of operations for the fiscal periods presented herein are not necessarily indicative of fiscal year-end results.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2019
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with Generally Accepted Accounting Principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from these estimates. These estimates and assumptions include estimates for reserves of uncollectible accounts, accruals for potential liabilities, assumptions made in valuing equity instruments issued for services or acquisitions, and realization of deferred tax assets. Concentration of Credit Risk Financial instruments, which potentially subject the Company to concentrations of credit risk, consist of cash and cash equivalents and accounts receivable. The Company places its cash with high quality financial institutions and at times may exceed the FDIC $250,000 insurance limit. The Company does not anticipate incurring any losses related to these credit risks. The Company extends credit based on an evaluation of the customer’s financial condition, generally without collateral. Exposure to losses on receivables is principally dependent on each customer’s financial condition. The Company monitors its exposure for credit losses and intends to maintain allowances for anticipated losses, as required. Cash denominated in Euros with a US Dollar equivalent of $109,105 and $63,933 at September 30, 2019 and June 30, 2019, respectively, was held by Reprints Desk in accounts at financial institutions located in Europe. The Company has no customers that represent 10% of revenue or more for the three months ended September 30, 2019 and 2018. The following table summarizes accounts receivable concentrations: As of September 30, June 30, 2019 2019 Customer A % * * Less than 10% The following table summarizes vendor concentrations: Three Months Ended September 30, 2019 2018 Vendor A 20 % 18 % Vendor B 12 % 11 % Vendor C * 11 % * Less than 10% Revenue Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014‑09, Revenue from Contracts with Customers (Topic 606), ("ASC 606"). The underlying principle of ASC 606 is to recognize revenue to depict the transfer of goods or services to customers at the amount expected to be collected. The Company adopted the guidance of ASC 606 on July 1, 2018. The implementation of ASC 606 had no impact on the condensed consolidated financial statements and no cumulative effect adjustment was recognized. Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company derives its revenues from two sources: annual licenses that allow customers to access and utilize certain premium features of our cloud based SaaS research intelligence platform (“Platforms”) and the transactional sale of STM content managed, sourced and delivered through the Platform (“Transactions”). The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: · identify the contract with a customer; · identify the performance obligations in the contract; · determine the transaction price; · allocate the transaction price to performance obligations in the contract; and · recognize revenue as the performance obligation is satisfied. Platforms We charge a subscription fee that allows customers to access and utilize certain premium features of our Platform. Revenue is recognized ratably over the term of the subscription agreement, which is typically one year, provided all other revenue recognition criteria have been met. Billings or payments received in advance of revenue recognition are recorded as deferred revenue. Transactions We charge a transactional service fee for the electronic delivery of single articles, and a corresponding copyright fee for the permitted use of the content. We recognize revenue from single article delivery services upon delivery to the customer provided all other revenue recognition criteria have been met. Deferred Revenue Customer deposits and billings or payments received in advance of revenue recognition are recorded as deferred revenue. Cost of Revenue Platforms Cost of Platform revenue consists primarily of personnel costs of our operations team, and to a lesser extent managed hosting providers and other third-party service and data providers. Transactions Cost of Transaction revenue consists primarily of the respective copyright fee for the permitted use of the content, less a discount in most cases, and to a much lesser extent, personnel costs of our operations team and third-party service providers. Stock-Based Compensation The Company periodically issues stock options, warrants and restricted stock to employees and non-employees for services, in capital raising transactions, and for financing costs. The Company accounts for share-based payments under the guidance as set forth in the Share-Based Payment Topic 718 of the FASB Accounting Standards Codification, which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees, officers, directors, and consultants, including employee stock options, based on estimated fair values. The Company estimates the fair value of stock option and warrant awards to employees and directors on the date of grant using an option-pricing model, and the value of the portion of the award that is ultimately expected to vest is recognized as expense over the required service period in the Company’s Statements of Operations. The Company estimates the fair value of restricted stock awards to employees and directors using the market price of the Company’s common stock on the date of grant, and the value of the portion of the award that is ultimately expected to vest is recognized as expense over the required service period in the Company’s Statements of Operations. The Company accounts for share-based payments to non-employees in accordance with Topic 505 of the FASB Accounting Standards Codification, whereby the value of the stock compensation is based upon the measurement date as determined at either a) the date at which a performance commitment is reached, or b) the date at which the necessary performance to earn the equity instruments is complete. Stock-based compensation is based on awards ultimately expected to vest and is reduced for estimated forfeitures. Forfeitures are estimated at the time of grant and revised, as necessary, in subsequent periods if actual forfeitures differ from those estimates. Foreign Currency The accompanying consolidated financial statements are presented in United States dollars, the functional currency of the Company. Capital accounts of foreign subsidiaries are translated into US Dollars from foreign currency at their historical exchange rates when the capital transactions occurred. Assets and liabilities are translated at the exchange rate as of the balance sheet date. Income and expenditures are translated at the average exchange rate of the period. Although the majority of our revenue and costs are in US dollars, the costs of Reprints Desk Latin America are in Mexican Pesos. As a result, currency exchange fluctuations may impact our revenue and the costs of our operations. We currently do not engage in any currency hedging activities. Gains and losses from foreign currency transactions, which result from a change in exchange rates between the functional currency and the currency in which a foreign currency transaction is denominated, are included in selling, general and administrative expenses and amounted to a loss of $12,123 and $4,980, for the three months ended September 30, 2019 and 2018, respectively. Cash denominated in Euros with a US Dollar equivalent of $109,105 and $63,933 at September 30, 2019 and June 30, 2019, respectively, was held in accounts at financial institutions located in Europe. The following table summarizes the exchange rates used: Three Months Ended Year Ended September 30, June 30, 2019 2018 2019 2018 Period end Euro : US Dollar exchange rate 1.09 1.16 1.14 1.17 Average period Euro : US Dollar exchange rate 1.12 1.16 1.14 1.19 Period end Mexican Peso : US Dollar exchange rate 0.05 0.05 0.05 0.05 Average period Mexican Peso : US Dollar exchange rate 0.05 0.05 0.05 0.05 Net Income (Loss) Per Share Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period, excluding shares of unvested restricted common stock. Shares of restricted stock are included in the basic weighted average number of common shares outstanding from the time they vest. Diluted earnings per share is computed by dividing the net income applicable to common stock holders by the weighted average number of common shares outstanding plus the number of additional common shares that would have been outstanding if all dilutive potential common shares had been issued, using the treasury stock method. Shares of restricted stock are included in the diluted weighted average number of common shares outstanding from the date they are granted. Potential common shares are excluded from the computation when their effect is antidilutive. At September 30, 2019 potentially dilutive securities include options to acquire 3,297,335 shares of common stock, warrants to acquire 1,885,000 shares of common stock and unvested restricted common stock of 292,283. At September 30, 2018 potentially dilutive securities include options to acquire 3,271,835 shares of common stock, warrants to acquire 1,885,000 shares of common stock and unvested restricted common stock of 434,781. The dilutive effect of potentially dilutive securities is reflected in diluted net income per share if the exercise prices were lower than the average fair market value of common shares during the reporting period. Basic and diluted net loss per common share is the same for the three months ended September 30, 2019 and 2018 because all stock options, warrants, and unvested restricted common stock are anti-dilutive. Recently Issued Accounting Pronouncements In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement.” ASU 2018-13 amends certain disclosure requirements pertaining to fair value measurement, and is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The adoption of ASU 2018-13 is not expected to have a material impact on the Company’s financial position, results of operations, and cash flows. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

Line of Credit

Line of Credit	3 Months Ended
	Sep. 30, 2019
Line of Credit
Line of Credit	Note 3. Line of Credit The Company entered into a Loan and Security Agreement with Silicon Valley Bank (“SVB”) on July 23, 2010, which, as amended, provides for a revolving line of credit for the lesser of $2,500,000, or 80% of eligible accounts receivable. The line of credit matures on December 31, 2019, and is subject to certain financial and performance covenants with which we were in compliance as of September 30, 2019. Financial covenants include maintaining an adjusted quick ratio of unrestricted cash and net accounts receivable, divided by current liabilities plus debt less deferred revenue of at least 1.15 to 1.0, and maintaining tangible net worth of $1,500,000, plus 50% of net income for the fiscal quarter ended from and after December 31, 2017, plus 50% of the dollar value of equity issuances after October 1, 2017 and the principal amount of subordinated debt. The line of credit bears interest at the prime rate plus 2.25% for periods in which we maintain an adjusted quick ratio of 1.3 to 1.0 (the “Streamline Period”), and at the prime rate plus 5.25% when a Streamline Period is not in effect. The interest rate on the line of credit was 6.75% as of September 30, 2019. The line of credit is secured by the Company’s consolidated assets. There were no outstanding borrowings under the line as of September 30, 2019 and June 30, 2019, respectively. As of September 30, 2019, there was approximately $2,153,000 of available credit.

Lease Obligations

Lease Obligations	3 Months Ended
	Sep. 30, 2019
Lease Obligations
Lease Obligations	Note 4. Lease Obligations On December 30, 2016, the Company entered into a 48 month non-cancellable lease for its office facilities that will require monthly payments ranging from $10,350 to $11,475 through January 2021. In accounting for the lease, the Company adopted ASU 2016‑02, Leases which requires a lessee to record a right-of-use asset and a corresponding lease liability at the inception of the lease initially measured at the present value of the lease payments. The Company classified the lease as an operating lease and determined that the fair value of the lease assets and liability at the inception of the lease was $463,000 using a discount rate of 3.75%. During the three months ended September 30, 2019, the Company made payments of $31,346 towards the lease liability. As of September 30, 2019 and June 30, 2019, lease liability amounted to $177,167 and $208,513, respectively. ASU 2016‑02 requires recognition in the statement of operations of a single lease cost, calculated so that the cost of the lease is allocated over the lease term, generally on a straight-line basis. Rent expense, including real estate taxes, for the three months ended September 30, 2019 and 2018 was $37,122 and $36,212, respectively. The right of use asset at June 30, 2019 was $192,245. During the three months ended September 30, 2019, the Company reflected amortization of right of use asset of $29,513 related to this lease, resulting in a net asset balance of $162,732 as of September 30, 2019.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Sep. 30, 2019
Stockholders' Equity
Stockholders' Equity	Note 5. Stockholders’ Equity Stock Options In December 2007, we established the 2007 Equity Compensation Plan (the “2007 Plan”) and in November 2017 we established the 2017 Omnibus Incentive Plan (the “2017 Plan”), collectively (the “Plans”). The Plans were approved by our board of directors and stockholders. The purpose of the Plans is to grant stock and options to purchase our common stock, and other incentive awards, to our employees, directors and key consultants. On November 10, 2016, the maximum number of shares of common stock that may be issued pursuant to awards granted under the 2007 Plan increased from 5,000,000 to 7,000,000. On November 21, 2017, the Company’s stockholders approved the adoption of the 2017 Plan (previously adopted by our board of directors on September 14, 2017), which authorized a maximum of 1,874,513 shares of common stock that may be issued pursuant to awards granted under the 2017 Plan. Upon adoption of the 2017 Plan we ceased granting incentive awards under the 2007 Plan and commenced granting incentive awards under the 2017 Plan. The shares of our common stock underlying cancelled and forfeited awards issued under the 2017 Plan may again become available for grant under the 2017 Plan. Cancelled and forfeited awards issued under the 2007 Plan that were cancelled or forfeited prior to November 21, 2017 became available for grant under the 2007 Plan. As of September 30, 2019, there were 417,246 shares available for grant under the 2017 Plan, and no shares were available for grant under the 2007 Plan. All incentive stock award grants prior to the adoption of the 2017 Plan on November 21, 2017 were made under the 2007 Plan, and all incentive stock award grants after the adoption of the 2017 Plan on November 21, 2017 were made under the 2017 Plan. The majority of awards issued under the Plan vest immediately or over three years, with a one year cliff vesting period, and have a term of ten years. Stock-based compensation cost is measured at the grant date, based on the fair value of the awards that are ultimately expected to vest, and recognized on a straight-line basis over the requisite service period, which is generally the vesting period. The following table summarizes vested and unvested stock option activity: All Options Vested Options Unvested Options Weighted Weighted Weighted Average Average Average Exercise Exercise Exercise Shares Price Shares Price Shares Price Outstanding at June 30, 2019 3,287,335 $ 1.38 2,827,251 $ 1.27 460,084 $ 2.09 Granted 50,000 2.49 — — 50,000 2.49 Options vesting — — 99,083 1.90 (99,083) 1.90 Exercised (40,000) 1.02 (40,000) 1.02 — — Forfeited/Cancelled — — — — — — Outstanding at September 30, 2019 3,297,335 $ 1.41 2,886,334 $ 1.30 411,001 $ 2.18 The following table presents the assumptions used to estimate the fair values based upon a Black-Scholes option pricing model of the stock options granted during the three months ended September 30, 2019 and 2018. The weighted average remaining contractual life of all options outstanding as of September 30, 2019 was 5.98 years. The remaining contractual life for options vested and exercisable at September 30, 2019 was 5.54 years. Furthermore, the aggregate intrinsic value of options outstanding as of September 30, 2019 was $3,447,191, and the aggregate intrinsic value of options vested and exercisable at September 30, 2019 was $3,333,292, in each case based on the fair value of the Company’s common stock on September 30, 2019. During the three months ended September 30, 2019, the Company granted 50,000 options to employees with a fair value of $65,500. The total fair value of options that vested during the three months ended September 30, 2019 was $58,198 and is included in selling, general and administrative expenses in the accompanying statement of operations. As of September 30, 2019, the amount of unvested compensation related to stock options was $433,203 which will be recorded as an expense in future periods as the options vest. During the three months ended September 30, 2019, the Company issued 24,307 shares of common stock upon the exercise of 40,000 options on a cashless basis. The following table presents the assumptions used to estimate the fair values based upon a Black-Scholes option pricing model of the stock options granted during the three months ended September 30, 2019 and 2018. Three Months Ended September 30, 2019 2018 Expected dividend yield 0 % 0 % Risk-free interest rate 1.61 % 2.82 % Expected life (in years) 6 6 Expected volatility 64 % 68 % Additional information regarding stock options outstanding and exercisable as of September 30, 2019 is as follows: Option Remaining Exercise Options Contractual Options Price Outstanding Life (in years) Exercisable $ 0.59 8,150 8,150 0.60 5,000 5,000 0.65 6,150 6,150 0.70 225,000 225,000 0.77 59,500 59,500 0.80 16,000 16,000 0.90 25,667 25,667 0.97 6,000 6,000 1.00 28,249 28,249 1.02 187,000 187,000 1.05 422,529 422,529 1.07 53,898 53,898 1.09 151,165 151,165 1.10 105,000 105,000 1.14 3,674 3,674 1.15 209,400 209,400 1.20 352,414 345,080 1.25 32,000 32,000 1.30 243,000 243,000 1.50 195,000 195,000 1.59 35,000 17,500 1.75 1,067 1,067 1.80 134,050 134,050 1.85 24,000 24,000 1.95 295,000 130,833 1.97 1,422 1,422 2.40 402,000 250,000 2.49 50,000 — 2.50 20,000 — Total 3,297,335 2,886,334 Warrants The following table summarizes warrant activity: Weighted Average Number of Exercise Warrants Price Outstanding, June 30, 2019 1,885,000 $ 1.25 Granted — — Exercised — — Expired/Cancelled — — Outstanding, September 30, 2019 1,885,000 $ 1.25 Exercisable, June 30, 2019 1,885,000 $ 1.25 Exercisable, September 30, 2019 1,885,000 $ 1.25 The intrinsic value for all warrants outstanding as of September 30, 2019 was $2,265,500, based on the fair value of the Company’s common stock on September 30, 2019. Additional information regarding warrants outstanding and exercisable as of September 30, 2019 is as follows: Remaining Warrant Warrants Contractual Warrants Exercise Price Outstanding Life (in years) Exercisable $ 1.19 50,000 50,000 1.25 1,835,000 1,835,000 Total 1,885,000 1,885,000 Restricted Common Stock Prior to July 1, 2019, the Company issued 2,166,549 shares of restricted common stock to employees valued at $2,386,443, of which 1,640,690 shares have vested, 214,324 shares with fair value of $188,203 have been forfeited, and $1,785,857 has been recognized as an expense. The balance of the non-vested restricted common stock was 311,535 at June 30, 2019. During the three months ended September 30, 2019, the Company issued an additional 70,000 shares of restricted stock to employees. These shares vest over a three year period, with a one year cliff vesting period, and remain subject to forfeiture if vesting conditions are not met. The aggregate fair value of the stock awards was $192,500 based on the market price of our common stock price of $2.75 per share on the date of grant, which will be amortized over the three-year vesting period. The total fair value of restricted common stock vesting during the nine months ended September 30, 2019 was $84,473 and is included in selling, general and administrative expenses in the accompanying statements of operations. As of September 30, 2019, the amount of unvested compensation related to issuances of restricted common stock was $520,410, which will be recognized as an expense in future periods as the shares vest. When calculating basic net income (loss) per share, these shares are included in weighted average common shares outstanding from the time they vest. When calculating diluted net income per share, these shares are included in weighted average common shares outstanding as of their grant date. The following table summarizes restricted common stock activity: Weighted Average Number of Grant Date Shares Fair Value Fair Value Non-vested, June 30, 2019 311,535 $ 412,383 $ 1.66 Granted 70,000 192,500 2.75 Vested (89,252) (84,473) 1.64 Forfeited — — — Non-vested, September 30, 2019 292,283 $ 520,410 $ 1.93 Common Stock Repurchase and Retirement Effective as of November 13, 2018, the Compensation Committee of our Board of Directors authorized the repurchase, during calendar year 2019 on the last day of each trading window and otherwise in accordance with our insider trading policies, of up to $300,000 of outstanding common stock (at prices no greater than $3.00 per share) from our employees to satisfy their tax obligations in connection with the vesting of stock incentive awards. The actual number of shares repurchased will be determined by applicable employees in their discretion, and will depend on their evaluation of market conditions and other factors. During the three months ended September 30, 2019, the Company repurchased 28,750 shares of our common stock from employees at an average market price of approximately $2.50 per share for an aggregate amount of $71,875. As of September 30, 2019, $141,380 remains available under the 2019 plan to repurchase common stock from its employees. The shares of common stock were surrendered by employees to cover tax withholding obligations with respect to the vesting of restricted stock. Shares repurchased are retired and deducted from common stock for par value and from additional paid in capital for the excess over par value.

Gain from Sale of Discontinued

Gain from Sale of Discontinued Operations (Reprints and ePrints business line)	3 Months Ended
	Sep. 30, 2019
Gain from Sale of Discontinued Operations (Reprints and ePrints business line)
Gain from Sale of Discontinued Operations (Reprints and ePrints business line)	Note 6. Gain from Sale of Discontinued Operations (Reprints and ePrints business line) On June 30, 2017, we sold the intangible assets of our Reprints and ePrints business pursuant to an Asset Purchase Agreement dated June 20, 2017. The aggregate net consideration for the sale included earn-out payments of 45% of gross margin over the 30-month period subsequent to the closing date. We have made a policy election to record the contingent consideration when the consideration is determined to be realizable (each 6-month period ending subsequent to the closing date). Realizable contingent consideration amounted to $26,191 for the three months ended September 30, 2019 and is recorded as a gain from the sale of discontinued operations.

Subsequent Events

Subsequent Events	3 Months Ended
	Sep. 30, 2019
Subsequent Events
Subsequent Events	Note 7. Subsequent Events On October 8, 2019, the Company entered into an agreement to sublease its office facilities from November 1, 2019 through January 31, 2021, the end of the lease term, for $8,094 per month with one month of abated rent. On October 24, 2019, the Company issued 8,701 net shares of common stock upon the exercise of stock options underlying 31,422 shares of common stock for 22,721 shares of common stock. On November 5, 2019, the Company issued 37,829 shares of common stock upon the exercise of stock options underlying 60,00 shares of common stock on a cashless basis. On November 12, 2019, the Company’s stockholders approved an increase in the maximum number of shares of common stock that may be issued pursuant to awards granted under the 2017 Omnibus Incentive Plan from 1,874,513 to 2,874,513.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2019
Summary of Significant Accounting Policies
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with Generally Accepted Accounting Principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from these estimates. These estimates and assumptions include estimates for reserves of uncollectible accounts, accruals for potential liabilities, assumptions made in valuing equity instruments issued for services or acquisitions, and realization of deferred tax assets.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments, which potentially subject the Company to concentrations of credit risk, consist of cash and cash equivalents and accounts receivable. The Company places its cash with high quality financial institutions and at times may exceed the FDIC $250,000 insurance limit. The Company does not anticipate incurring any losses related to these credit risks. The Company extends credit based on an evaluation of the customer’s financial condition, generally without collateral. Exposure to losses on receivables is principally dependent on each customer’s financial condition. The Company monitors its exposure for credit losses and intends to maintain allowances for anticipated losses, as required. Cash denominated in Euros with a US Dollar equivalent of $109,105 and $63,933 at September 30, 2019 and June 30, 2019, respectively, was held by Reprints Desk in accounts at financial institutions located in Europe. The Company has no customers that represent 10% of revenue or more for the three months ended September 30, 2019 and 2018. The following table summarizes accounts receivable concentrations: As of September 30, June 30, 2019 2019 Customer A % * * Less than 10% The following table summarizes vendor concentrations: Three Months Ended September 30, 2019 2018 Vendor A 20 % 18 % Vendor B 12 % 11 % Vendor C * 11 %
Revenue Recognition	Revenue Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014‑09, Revenue from Contracts with Customers (Topic 606), ("ASC 606"). The underlying principle of ASC 606 is to recognize revenue to depict the transfer of goods or services to customers at the amount expected to be collected. The Company adopted the guidance of ASC 606 on July 1, 2018. The implementation of ASC 606 had no impact on the condensed consolidated financial statements and no cumulative effect adjustment was recognized. Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company derives its revenues from two sources: annual licenses that allow customers to access and utilize certain premium features of our cloud based SaaS research intelligence platform (“Platforms”) and the transactional sale of STM content managed, sourced and delivered through the Platform (“Transactions”). The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements: · identify the contract with a customer; · identify the performance obligations in the contract; · determine the transaction price; · allocate the transaction price to performance obligations in the contract; and · recognize revenue as the performance obligation is satisfied. Platforms We charge a subscription fee that allows customers to access and utilize certain premium features of our Platform. Revenue is recognized ratably over the term of the subscription agreement, which is typically one year, provided all other revenue recognition criteria have been met. Billings or payments received in advance of revenue recognition are recorded as deferred revenue. Transactions We charge a transactional service fee for the electronic delivery of single articles, and a corresponding copyright fee for the permitted use of the content. We recognize revenue from single article delivery services upon delivery to the customer provided all other revenue recognition criteria have been met.
Deferred Revenue	Deferred Revenue Customer deposits and billings or payments received in advance of revenue recognition are recorded as deferred revenue.
Cost of Revenue	Cost of Revenue Platforms Cost of Platform revenue consists primarily of personnel costs of our operations team, and to a lesser extent managed hosting providers and other third-party service and data providers. Transactions Cost of Transaction revenue consists primarily of the respective copyright fee for the permitted use of the content, less a discount in most cases, and to a much lesser extent, personnel costs of our operations team and third-party service providers.
Stock-Based Compensation	Stock-Based Compensation The Company periodically issues stock options, warrants and restricted stock to employees and non-employees for services, in capital raising transactions, and for financing costs. The Company accounts for share-based payments under the guidance as set forth in the Share-Based Payment Topic 718 of the FASB Accounting Standards Codification, which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees, officers, directors, and consultants, including employee stock options, based on estimated fair values. The Company estimates the fair value of stock option and warrant awards to employees and directors on the date of grant using an option-pricing model, and the value of the portion of the award that is ultimately expected to vest is recognized as expense over the required service period in the Company’s Statements of Operations. The Company estimates the fair value of restricted stock awards to employees and directors using the market price of the Company’s common stock on the date of grant, and the value of the portion of the award that is ultimately expected to vest is recognized as expense over the required service period in the Company’s Statements of Operations. The Company accounts for share-based payments to non-employees in accordance with Topic 505 of the FASB Accounting Standards Codification, whereby the value of the stock compensation is based upon the measurement date as determined at either a) the date at which a performance commitment is reached, or b) the date at which the necessary performance to earn the equity instruments is complete. Stock-based compensation is based on awards ultimately expected to vest and is reduced for estimated forfeitures. Forfeitures are estimated at the time of grant and revised, as necessary, in subsequent periods if actual forfeitures differ from those estimates.
Foreign Currency	Foreign Currency The accompanying consolidated financial statements are presented in United States dollars, the functional currency of the Company. Capital accounts of foreign subsidiaries are translated into US Dollars from foreign currency at their historical exchange rates when the capital transactions occurred. Assets and liabilities are translated at the exchange rate as of the balance sheet date. Income and expenditures are translated at the average exchange rate of the period. Although the majority of our revenue and costs are in US dollars, the costs of Reprints Desk Latin America are in Mexican Pesos. As a result, currency exchange fluctuations may impact our revenue and the costs of our operations. We currently do not engage in any currency hedging activities. Gains and losses from foreign currency transactions, which result from a change in exchange rates between the functional currency and the currency in which a foreign currency transaction is denominated, are included in selling, general and administrative expenses and amounted to a loss of $12,123 and $4,980, for the three months ended September 30, 2019 and 2018, respectively. Cash denominated in Euros with a US Dollar equivalent of $109,105 and $63,933 at September 30, 2019 and June 30, 2019, respectively, was held in accounts at financial institutions located in Europe. The following table summarizes the exchange rates used: Three Months Ended Year Ended September 30, June 30, 2019 2018 2019 2018 Period end Euro : US Dollar exchange rate 1.09 1.16 1.14 1.17 Average period Euro : US Dollar exchange rate 1.12 1.16 1.14 1.19 Period end Mexican Peso : US Dollar exchange rate 0.05 0.05 0.05 0.05 Average period Mexican Peso : US Dollar exchange rate 0.05 0.05 0.05 0.05
Net Income (Loss) Per Share	Net Income (Loss) Per Share Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period, excluding shares of unvested restricted common stock. Shares of restricted stock are included in the basic weighted average number of common shares outstanding from the time they vest. Diluted earnings per share is computed by dividing the net income applicable to common stock holders by the weighted average number of common shares outstanding plus the number of additional common shares that would have been outstanding if all dilutive potential common shares had been issued, using the treasury stock method. Shares of restricted stock are included in the diluted weighted average number of common shares outstanding from the date they are granted. Potential common shares are excluded from the computation when their effect is antidilutive. At September 30, 2019 potentially dilutive securities include options to acquire 3,297,335 shares of common stock, warrants to acquire 1,885,000 shares of common stock and unvested restricted common stock of 292,283. At September 30, 2018 potentially dilutive securities include options to acquire 3,271,835 shares of common stock, warrants to acquire 1,885,000 shares of common stock and unvested restricted common stock of 434,781. The dilutive effect of potentially dilutive securities is reflected in diluted net income per share if the exercise prices were lower than the average fair market value of common shares during the reporting period. Basic and diluted net loss per common share is the same for the three months ended September 30, 2019 and 2018 because all stock options, warrants, and unvested restricted common stock are anti-dilutive.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement.” ASU 2018-13 amends certain disclosure requirements pertaining to fair value measurement, and is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The adoption of ASU 2018-13 is not expected to have a material impact on the Company’s financial position, results of operations, and cash flows. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Sep. 30, 2019
Summary of Significant Accounting Policies
Schedule of accounts receivable concentrations	As of September 30, June 30, 2019 2019 Customer A % *
Schedule of Concentration of Risk	Three Months Ended September 30, 2019 2018 Vendor A 20 % 18 % Vendor B 12 % 11 % Vendor C * 11 %
Schedule Of Foreign Currency Exchange Rate	Three Months Ended Year Ended September 30, June 30, 2019 2018 2019 2018 Period end Euro : US Dollar exchange rate 1.09 1.16 1.14 1.17 Average period Euro : US Dollar exchange rate 1.12 1.16 1.14 1.19 Period end Mexican Peso : US Dollar exchange rate 0.05 0.05 0.05 0.05 Average period Mexican Peso : US Dollar exchange rate 0.05 0.05 0.05 0.05

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Sep. 30, 2019
Stockholders' Equity
Schedule of Share-based Compensation, Stock Options, Activity	All Options Vested Options Unvested Options Weighted Weighted Weighted Average Average Average Exercise Exercise Exercise Shares Price Shares Price Shares Price Outstanding at June 30, 2019 3,287,335 $ 1.38 2,827,251 $ 1.27 460,084 $ 2.09 Granted 50,000 2.49 — — 50,000 2.49 Options vesting — — 99,083 1.90 (99,083) 1.90 Exercised (40,000) 1.02 (40,000) 1.02 — — Forfeited/Cancelled — — — — — — Outstanding at September 30, 2019 3,297,335 $ 1.41 2,886,334 $ 1.30 411,001 $ 2.18
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	Three Months Ended September 30, 2019 2018 Expected dividend yield 0 % 0 % Risk-free interest rate 1.61 % 2.82 % Expected life (in years) 6 6 Expected volatility 64 % 68 %
Schedule of Share-based Compensation, by Exercise Price Range	Additional information regarding stock options outstanding and exercisable as of September 30, 2019 is as follows: Option Remaining Exercise Options Contractual Options Price Outstanding Life (in years) Exercisable $ 0.59 8,150 8,150 0.60 5,000 5,000 0.65 6,150 6,150 0.70 225,000 225,000 0.77 59,500 59,500 0.80 16,000 16,000 0.90 25,667 25,667 0.97 6,000 6,000 1.00 28,249 28,249 1.02 187,000 187,000 1.05 422,529 422,529 1.07 53,898 53,898 1.09 151,165 151,165 1.10 105,000 105,000 1.14 3,674 3,674 1.15 209,400 209,400 1.20 352,414 345,080 1.25 32,000 32,000 1.30 243,000 243,000 1.50 195,000 195,000 1.59 35,000 17,500 1.75 1,067 1,067 1.80 134,050 134,050 1.85 24,000 24,000 1.95 295,000 130,833 1.97 1,422 1,422 2.40 402,000 250,000 2.49 50,000 — 2.50 20,000 — Total 3,297,335 2,886,334
Schedule of Other Share-based Compensation, Activity	Weighted Average Number of Exercise Warrants Price Outstanding, June 30, 2019 1,885,000 $ 1.25 Granted — — Exercised — — Expired/Cancelled — — Outstanding, September 30, 2019 1,885,000 $ 1.25 Exercisable, June 30, 2019 1,885,000 $ 1.25 Exercisable, September 30, 2019 1,885,000 $ 1.25
Schedule of Stockholders' Equity Note, Warrants or Rights	Additional information regarding warrants outstanding and exercisable as of September 30, 2019 is as follows: Remaining Warrant Warrants Contractual Warrants Exercise Price Outstanding Life (in years) Exercisable $ 1.19 50,000 50,000 1.25 1,835,000 1,835,000 Total 1,885,000 1,885,000
Schedule of Nonvested Restricted Stock Units Activity	Weighted Average Number of Grant Date Shares Fair Value Fair Value Non-vested, June 30, 2019 311,535 $ 412,383 $ 1.66 Granted 70,000 192,500 2.75 Vested (89,252) (84,473) 1.64 Forfeited — — — Non-vested, September 30, 2019 292,283 $ 520,410 $ 1.93

Organization, Nature of Busin_2

Organization, Nature of Business and Basis of Presentation (Details)	Jun. 30, 2017	Sep. 30, 2019subsidiaryitem
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Number Of Subsidiaries | subsidiary		2
Number Of Service Offerings | item		2
Reprints and ePrints business line [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Earn-out Income Percentage On Sale Of Intangible Assets	45.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Accounts receivable (Details)	3 Months Ended	12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	13.00%	0.00%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Content costs (Details)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Vendor A [Member]
Concentration Risk, Percentage	20.00%	18.00%
Vendor B [Member]
Concentration Risk, Percentage	12.00%	11.00%
Vendor C [Member]
Concentration Risk, Percentage	0.00%	11.00%

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Exchange rates (Details)	3 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Euro to US Dollar [Member]
Period end exchange rate	1.09	1.16	1.14	1.17
Average period exchange rate	1.12	1.16	1.14	1.19
Mexican Peso to US Dollar [Member]
Period end exchange rate	0.05	0.05	0.05	0.05
Average period exchange rate	0.05	0.05	0.05	0.05

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Additional Information (Details)	3 Months Ended
	Sep. 30, 2019USD ($)itemshares	Sep. 30, 2018USD ($)shares	Jun. 30, 2019USD ($)
Cash, FDIC Insured Amount | $	$ 250,000
Foreign Currency Transaction (Loss), before Tax | $	$ (12,123)	$ (4,980)
Number Of Revenue Sources | item	2
Restricted Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares	292,283	434,781
Sales Revenue, Net [Member]
Concentration Risk, Percentage	10.00%	10.00%
Europe Financial Institutions [Member]
Deposits | $	$ 109,105		$ 63,933
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares	3,297,335	3,271,835
Employee Stock Option [Member] | Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares	1,885,000	1,885,000

Line of Credit - Additional Inf

Line of Credit - Additional Information (Details) - USD ($)	Jul. 23, 2010	Sep. 30, 2019	Jun. 30, 2019
Line of Credit Facility, Interest Rate Description		the prime rate plus 2.25%
Line of Credit Facility, Remaining Borrowing Capacity		$ 2,153,000
Debt Instrument, Covenant Description		Financial covenants include maintaining an adjusted quick ratio of unrestricted cash and net accounts receivable, divided by current liabilities plus debt less deferred revenue of at least 1.15 to 1.0, and maintaining tangible net worth of $1,500,000, plus 50% of net income for the fiscal quarter ended from and after December 31, 2017, plus 50% of the dollar value of equity issuances after October 1, 2017 and the principal amount of subordinated debt.
Streamline Period In Effect [Member] | Minimum [Member]
Adjusted Quick Ratio		1.00%
Streamline Period In Effect [Member] | Maximum [Member]
Adjusted Quick Ratio		1.30%
Prime Rate [Member] | Streamline Period Not In Effect [Member]
Debt Instrument, Basis Spread on Variable Rate		5.25%
Silicon Valley Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,500,000
Percentage Of Eligible Accounts Receivable On Line Of Credit	80.00%
Line of Credit Facility, Amount Outstanding		$ 0	$ 0
Line of Credit Facility, Interest Rate at Period End		6.75%

Lease Obligations (Details)

Lease Obligations (Details) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Dec. 30, 2016
Lessee, Operating Lease, Term of Contract				48 months
Operating Lease Liabilities, Fair Value	$ 463,000
Operating Lease Discount Rate	3.75%
Operating Leases, Rent Expense	$ 37,122	$ 36,212
Amortization of Leased Asset	29,513	$ 28,338
Operating Lease, Payments	31,346
Operating Lease, Liability	177,167		$ 208,513
Other Assets, Noncurrent	$ 162,732		$ 192,245
Minimum [Member]
Operating Leases, Future Minimum Payments Due				$ 10,350
Maximum [Member]
Operating Leases, Future Minimum Payments Due				$ 11,475

Stockholders' Equity - Vested a

Stockholders' Equity - Vested and unvested stock option (Details)	3 Months Ended
	Sep. 30, 2019$ / sharesshares
Outstanding beginning balance Shares | shares	3,287,335
Granted Shares | shares	50,000
Exercised Shares | shares	(40,000)
Outstanding ending balance Shares | shares	3,297,335
Outstanding beginning balance Weighted Average Exercise Price | $ / shares	$ 1.38
Granted Weighted Average Exercise Price | $ / shares	2.49
Exercised Weighted Average Exercise Price | $ / shares	1.02
Outstanding ending balance Weighted Average Exercise Price | $ / shares	$ 1.41
Vested Options [Member]
Outstanding beginning balance Shares | shares	2,827,251
Options vesting Shares | shares	99,083
Exercised Shares | shares	(40,000)
Outstanding ending balance Shares | shares	2,886,334
Outstanding beginning balance Weighted Average Exercise Price | $ / shares	$ 1.27
Options vesting Weighted Average Exercise Price | $ / shares	1.90
Exercised Weighted Average Exercise Price | $ / shares	1.02
Outstanding ending balance Weighted Average Exercise Price | $ / shares	$ 1.30
Unvested Options [Member]
Outstanding beginning balance Shares | shares	460,084
Granted Shares | shares	50,000
Options vesting Shares | shares	99,083
Outstanding ending balance Shares | shares	411,001
Outstanding beginning balance Weighted Average Exercise Price | $ / shares	$ 2.09
Granted Weighted Average Exercise Price | $ / shares	2.49
Options vesting Weighted Average Exercise Price | $ / shares	1.90
Outstanding ending balance Weighted Average Exercise Price | $ / shares	$ 2.18

Stockholders' Equity - Estimate

Stockholders' Equity - Estimate the fair values (Details)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Stockholders' Equity
Expected dividend yield	0.00%	0.00%
Risk-free interest rate	1.61%	2.82%
Expected life (in years)	6 years	6 years
Expected volatility	64.00%	68.00%

Stockholders' Equity - Stock op

Stockholders' Equity - Stock options outstanding and exercisable (Details)	3 Months Ended
	Sep. 30, 2019$ / sharesshares
Options Outstanding	3,297,335
Options Exercisable	2,886,334
Range One [Member]
Option Exercise Price | $ / shares	$ 0.59
Options Outstanding	8,150
Remaining Contractual Life (in years)	2 years 9 months
Options Exercisable	8,150
Range Two [Member]
Option Exercise Price | $ / shares	$ 0.60
Options Outstanding	5,000
Remaining Contractual Life (in years)	2 years 9 months
Options Exercisable	5,000
Range Three [Member]
Option Exercise Price | $ / shares	$ 0.65
Options Outstanding	6,150
Remaining Contractual Life (in years)	2 years 9 months
Options Exercisable	6,150
Range Four [Member]
Option Exercise Price | $ / shares	$ 0.70
Options Outstanding	225,000
Remaining Contractual Life (in years)	6 years 2 months 5 days
Options Exercisable	225,000
Range Five [Member]
Option Exercise Price | $ / shares	$ 0.77
Options Outstanding	59,500
Remaining Contractual Life (in years)	4 years 4 days
Options Exercisable	59,500
Range Six [Member]
Option Exercise Price | $ / shares	$ 0.80
Options Outstanding	16,000
Remaining Contractual Life (in years)	5 years 10 months 21 days
Options Exercisable	16,000
Range Seven [Member]
Option Exercise Price | $ / shares	$ 0.90
Options Outstanding	25,667
Remaining Contractual Life (in years)	4 years 6 months 22 days
Options Exercisable	25,667
Range Eight [Member]
Option Exercise Price | $ / shares	$ 0.97
Options Outstanding	6,000
Remaining Contractual Life (in years)	2 years 9 months
Options Exercisable	6,000
Range Nine [Member]
Option Exercise Price | $ / shares	$ 1
Options Outstanding	28,249
Remaining Contractual Life (in years)	4 years 2 months 5 days
Options Exercisable	28,249
Range Ten [Member]
Option Exercise Price | $ / shares	$ 1.02
Options Outstanding	187,000
Remaining Contractual Life (in years)	10 months 6 days
Options Exercisable	187,000
Range Eleven [Member]
Option Exercise Price | $ / shares	$ 1.05
Options Outstanding	422,529
Remaining Contractual Life (in years)	6 years 10 months 10 days
Options Exercisable	422,529
Range Twelve [Member]
Option Exercise Price | $ / shares	$ 1.07
Options Outstanding	53,898
Remaining Contractual Life (in years)	3 years 15 days
Options Exercisable	53,898
Range Thirteen [Member]
Option Exercise Price | $ / shares	$ 1.09
Options Outstanding	151,165
Remaining Contractual Life (in years)	6 years 2 months 9 days
Options Exercisable	151,165
Range Fourteen [Member]
Option Exercise Price | $ / shares	$ 1.10
Options Outstanding	105,000
Remaining Contractual Life (in years)	5 years 9 months
Options Exercisable	105,000
Range Fifteen [Member]
Option Exercise Price | $ / shares	$ 1.14
Options Outstanding	3,674
Remaining Contractual Life (in years)	2 years 9 months
Options Exercisable	3,674
Range Sixteen [Member]
Option Exercise Price | $ / shares	$ 1.15
Options Outstanding	209,400
Remaining Contractual Life (in years)	4 years 10 months 10 days
Options Exercisable	209,400
Range Seventeen [Member]
Option Exercise Price | $ / shares	$ 1.20
Options Outstanding	352,414
Remaining Contractual Life (in years)	7 years 9 months 29 days
Options Exercisable	345,080
Range Eighteen [Member]
Option Exercise Price | $ / shares	$ 1.25
Options Outstanding	32,000
Remaining Contractual Life (in years)	3 years 4 months 17 days
Options Exercisable	32,000
Range Nineteen [Member]
Option Exercise Price | $ / shares	$ 1.30
Options Outstanding	243,000
Remaining Contractual Life (in years)	2 years 5 months 5 days
Options Exercisable	243,000
Range Twenty [Member]
Option Exercise Price | $ / shares	$ 1.50
Options Outstanding	195,000
Remaining Contractual Life (in years)	3 years 1 month 17 days
Options Exercisable	195,000
Range Twenty One [Member]
Option Exercise Price | $ / shares	$ 1.59
Options Outstanding	35,000
Remaining Contractual Life (in years)	8 years 7 months 13 days
Options Exercisable	17,500
Range Twenty Two [Member]
Option Exercise Price | $ / shares	$ 1.75
Options Outstanding	1,067
Remaining Contractual Life (in years)	2 years 9 months
Options Exercisable	1,067
Range Twenty Three [Member]
Option Exercise Price | $ / shares	$ 1.80
Options Outstanding	134,050
Remaining Contractual Life (in years)	3 years 7 months 21 days
Options Exercisable	134,050
Range Twenty Four [Member]
Option Exercise Price | $ / shares	$ 1.85
Options Outstanding	24,000
Remaining Contractual Life (in years)	3 years 4 months 2 days
Options Exercisable	24,000
Range Twenty Five [Member]
Option Exercise Price | $ / shares	$ 1.95
Options Outstanding	295,000
Remaining Contractual Life (in years)	8 years 9 months 4 days
Options Exercisable	130,833
Range Twenty Six [Member]
Option Exercise Price | $ / shares	$ 1.97
Options Outstanding	1,422
Remaining Contractual Life (in years)	2 years 9 months
Options Exercisable	1,422
Range Twenty Seven [Member]
Option Exercise Price | $ / shares	$ 2.40
Options Outstanding	402,000
Remaining Contractual Life (in years)	9 years 1 month 17 days
Options Exercisable	250,000
Range Twenty Eight [Member]
Option Exercise Price | $ / shares	$ 2.49
Options Outstanding	50,000
Remaining Contractual Life (in years)	10 years
Options Exercisable	0
Range Twenty Nine [Member]
Option Exercise Price | $ / shares	$ 2.50
Options Outstanding	20,000
Remaining Contractual Life (in years)	9 years 7 months 21 days
Options Exercisable	0

Stockholders' Equity - Warrant

Stockholders' Equity - Warrant activity (Details) - $ / shares	3 Months Ended	12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019
Non-vested, Ending balance	1,885,000
Exercisable	1,885,000
Warrant [Member]
Non-vested, Beginning balance	1,885,000
Granted	0
Exercised	0
Expired/Cancelled	0
Non-vested, Ending balance	1,885,000	1,885,000
Exercisable	1,885,000	1,885,000
Outstanding, Beginning balance Weighted Average Exercise Price	$ 1.25
Granted Weighted Average Exercise Price	0
Exercised Weighted Average Exercise Price	0
Expired/Cancelled Weighted Average Expired Price	0
Outstanding, Ending Balance Weighted Average Exercise Price	1.25	$ 1.25
Exercisable, Weighted Average Exercise Price	$ 1.25	$ 1.25

Stockholders' Equity - Warrants

Stockholders' Equity - Warrants outstanding and exercisable (Details)	3 Months Ended
	Sep. 30, 2019$ / sharesshares
Warrants Outstanding	1,885,000
Warrants Exercisable	1,885,000
Range One [Member]
Warrant Exercise Price | $ / shares	$ 1.19
Warrants Outstanding	50,000
Warrants Outstanding Remaining Contractual Life (in years)	2 years 2 months 23 days
Warrants Exercisable	50,000
Range Two [Member]
Warrant Exercise Price | $ / shares	$ 1.25
Warrants Outstanding	1,835,000
Warrants Outstanding Remaining Contractual Life (in years)	1 year 8 months 16 days
Warrants Exercisable	1,835,000

Stockholders' Equity - Restrict

Stockholders' Equity - Restricted common stock activity (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019
Non-vested, Ending balance	1,885,000
Restricted Stock [Member]
Non-vested, Beginning balance	311,535
Granted Number of shares	70,000
Vested, Number of shares	(89,252)
Forfeited, Number of shares	0	(188,203)
Non-vested, Ending balance	292,283	311,535
Non-vested, Beginning balance	$ 412,383
Granted, Fair Value	192,500
Vested, Fair Value	(84,473)
Forfeited, Fair Value	0	$ 214,324
Non-vested, Ending balance	$ 520,410	$ 412,383
Non-vested, Beginning Balance Weighted Average Grant Date Fair Value	$ 1.66
Granted Weighted Average Grant Date Fair Value	2.75
Vested Weighted Average Grant Date Fair Value	1.64
Forfeited Weighted Average Grant Date Fair Value	0
Non-vested, Ending Balance Weighted Average Grant Date Fair Value	$ 1.93	$ 1.66

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Nov. 13, 2018	Nov. 21, 2017	Nov. 10, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	5 years 11 months 23 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	5 years 6 months 15 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 3,447,191
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 3,333,292
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	1,885,000
Stock Issued During Period, Value, Restricted Stock Award, Gross	$ 84,474	$ 76,261
Stock Repurchase Program, Authorized Amount				$ 300,000
Stock Repurchased During Period, Value	$ 71,875	75,200
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	50,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 58,198	$ 39,648
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	433,203
Intrinsic value of warrant	$ 2,265,500
The Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share Based Compensation Arrangement By Share Based Payment Award Award Cliff Vesting Period	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
2007 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	0
2017 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	417,246				1,874,513
2019 Plan [Member]
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 141,380
Common Stock
Stock Repurchased During Period, Shares	28,750
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	24,307
Share-based Compensation Arrangement by Share-based Payment Award, Other Share Increase (Decrease)	40,000
Employees [Member]
Stock Repurchased During Period, Value	$ 71,875
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	50,000
Stock Granted, Value, Share-based Compensation, Gross	$ 65,500
Stock Repurchased Average Price Per Share	$ 2.50
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share Based Compensation Arrangement By Share Based Payment Award Award Cliff Vesting Period	1 year
Stock or Unit Option Plan Expense			$ 1,785,857
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	292,283		311,535
Stock Issued During Period, Shares, Restricted Stock Award, Gross	70,000		2,166,549
Stock Issued During Period, Value, Restricted Stock Award, Gross	$ 192,500		$ 2,386,443
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			$ 1,640,690
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	0		188,203
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Fair Value	$ 0		$ 214,324
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Fair Value	520,410		$ 412,383
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Fair Value	$ 84,473
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant						5,000,000
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant						7,000,000
Share Price				$ 3
Stock Repurchased Average Price Per Share	$ 2.75

Gain from Sale of Discontinue_2

Gain from Sale of Discontinued Operations (Reprints and ePrints business line) (Details Textual) - USD ($)	Jun. 30, 2017	Sep. 30, 2019	Sep. 30, 2018
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax		$ 26,191	$ 41,720
Reprints and ePrints business line [Member]
Earn-out Income Percentage On Sale Of Intangible Assets	45.00%
Earn Out Period Subsequent To Acquisition Date	30 months
Earn out Period Determined Realizable	6 months
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax		$ 26,191

Subsequent Events (Details)

Subsequent Events (Details)	Nov. 05, 2019shares	Oct. 24, 2019shares	Oct. 08, 2019USD ($)M	Sep. 30, 2019shares	Nov. 12, 2019shares	Nov. 21, 2017shares	Nov. 10, 2016shares
Subsequent Event [Line Items]
Common stock issued upon exercise of stock options (in shares)				40,000
Maximum [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant							7,000,000
Minimum [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant							5,000,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Sublease income per month | $			$ 8,094
Number of months of abated rent | M			1
Common stock issued upon exercise of stock options (in shares)	37,829	8,701
Stock options, underlying shares before exercise of options		31,422
Stock options, underlying shares after exercise of options	6,000	22,721
2017 Plan [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant				417,246		1,874,513
2017 Plan [Member] | Subsequent Event [Member] | Maximum [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant					2,874,513
2017 Plan [Member] | Subsequent Event [Member] | Minimum [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant					1,874,513