Research Solutions (RSSS) 10-K 23 Sep 22 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2022	Sep. 16, 2022	Dec. 31, 2021
Document And Entity Information
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Entity File Number	001-39256
Entity Registrant Name	RESEARCH SOLUTIONS, INC.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	11-3797644
Entity Address, Address Line One	Address not applicable
Entity Address, City or Town	N/A
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	N/A
City Area Code	310
Local Phone Number	477-0354
Title of 12(b) Security	Common stock, $0.001 par value
Trading Symbol	RSSS
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,334,491
Entity Public Float			$ 53,596,661
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Central Index Key	0001386301
Auditor Firm ID	572
Auditor Location	Los Angeles, California
Auditor Name	Weinberg and Company, P.A
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Current assets:
Cash and cash equivalents	$ 10,603,175	$ 11,004,337
Accounts receivable, net of allowance of $94,144 and $51,495, respectively	5,251,545	4,717,453
Prepaid expenses and other current assets	276,026	270,252
Prepaid royalties	846,652	904,921
Total current assets	16,977,398	16,896,963
Other assets:
Property and equipment, net of accumulated depreciation of $840,996 and $824,123, respectively	47,985	20,755
Deposits and other assets	893	906
Total assets	17,026,276	16,918,624
Current liabilities:
Accounts payable and accrued expenses	6,604,032	6,687,188
Deferred revenue	5,538,526	4,804,351
Total current liabilities	12,142,558	11,491,539
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; 27,000,844 and 26,498,215 shares issued and outstanding, respectively	27,076	26,498
Additional paid-in capital	28,072,855	26,982,052
Accumulated deficit	(23,094,272)	(21,461,888)
Accumulated other comprehensive loss	(121,941)	(119,577)
Total stockholders' equity	4,883,718	5,427,085
Total liabilities and stockholders' equity	$ 17,026,276	$ 16,918,624

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Consolidated Balance Sheets
Allowance for doubtful accounts	$ 94,144	$ 51,495
Accumulated depreciation property and equipment	$ 840,996	$ 824,123
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	27,075,648	26,498,215
Common Stock, Shares, Outstanding	27,075,648	26,498,215

Consolidated Statements of Oper

Consolidated Statements of Operations and Other Comprehensive Loss - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Revenue:
Total revenue	$ 32,934,152	$ 31,756,345
Cost of revenue:
Total cost of revenue	20,914,478	21,470,331
Gross profit	12,019,674	10,286,014
Operating expenses:
Selling, general and administrative	13,633,939	10,557,524
Depreciation and amortization	17,651	11,522
Total operating expenses	13,651,590	10,569,046
Loss from operations	(1,631,916)	(283,032)
Other income	7,154	1,147
Loss from operations before provision for income taxes	(1,624,762)	(281,885)
Provision for income taxes	(7,622)	(3,204)
Net loss	(1,632,384)	(285,089)
Other comprehensive income (loss):
Foreign currency translation	(2,364)	5,461
Comprehensive loss	(1,634,748)	(279,628)
Platforms
Revenue:
Total revenue	6,787,772	5,135,565
Cost of revenue:
Total cost of revenue	936,589	911,970
Transactions
Revenue:
Total revenue	26,146,380	26,620,780
Cost of revenue:
Total cost of revenue	$ 19,977,889	$ 20,558,361

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Other Comprehensive Loss [Member]	Total
Balance at Jun. 30, 2020	$ 26,032	$ 26,134,819	$ (21,176,799)	$ (125,038)	$ 4,859,014
Balance (in shares) at Jun. 30, 2020	26,032,263
Fair value of vested stock options	$ 0	631,335	0	0	631,335
Fair value of vested restricted common stock	$ 195	376,143	0	0	376,338
Fair value of vested restricted common stock (in shares)	195,810
Repurchase of common stock	$ (78)	(177,934)	0	0	$ (178,012)
Repurchase of common stock (in shares)	(78,467)				(78,467)
Common stock issued upon exercise of stock options	$ 159	88,691	0	0	$ 88,850
Common stock issued upon exercise of stock options (in shares)	158,609				274,520
Common stock issued upon exercise of warrants	$ 190	237,311	0	0	$ 237,501
Common stock issued upon exercise of warrants (in shares)	190,000
Net income (loss) for the period	$ 0	0	(285,089)	0	(285,089)
Foreign currency translation	0	0	0	5,461	5,461
Balance at Jun. 30, 2021	$ 26,498	26,982,052	(21,461,888)	(119,577)	5,427,085
Balance (in shares) at Jun. 30, 2021	26,498,215
Fair value of vested stock options	$ 0	470,615	0	0	470,615
Fair value of vested restricted common stock	$ 356	557,140	0	0	557,496
Fair value of vested restricted common stock (in shares)	356,582
Repurchase of common stock	$ (40)	(93,878)	0	0	$ (93,918)
Repurchase of common stock (in shares)	(40,221)				(40,221)
Common stock issued upon exercise of stock options	$ 212	97,476	0	0	$ 97,688
Common stock issued upon exercise of stock options (in shares)	211,072				357,079
Common stock issued upon exercise of warrants	$ 50	59,450	0	0	$ 59,500
Common stock issued upon exercise of warrants (in shares)	50,000
Net income (loss) for the period	$ 0	0	(1,632,384)	0	(1,632,384)
Foreign currency translation	0	0	0	(2,364)	(2,364)
Balance at Jun. 30, 2022	$ 27,076	$ 28,072,855	$ (23,094,272)	$ (121,941)	$ 4,883,718
Balance (in shares) at Jun. 30, 2022	27,075,648

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flow from operating activities:
Net loss	$ (1,632,384)	$ (285,089)
Adjustment to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	17,651	11,522
Amortization of lease right	0	72,331
Fair value of vested stock options	470,615	631,335
Fair value of vested restricted common stock	557,496	376,338
Changes in operating assets and liabilities:
Accounts receivable	(534,092)	(268,193)
Prepaid expenses and other current assets	(5,774)	(28,505)
Prepaid royalties	58,269	(184,554)
Deposits and other assets	0	5,360
Accounts payable and accrued expenses	(83,156)	337,343
Deferred revenue	734,175	1,279,844
Lease liability	0	(79,326)
Net cash provided by (used in) operating activities	(417,200)	1,868,406
Cash flow from investing activities:
Purchase of property and equipment	(44,288)	(19,854)
Net cash used in investing activities	(44,288)	(19,854)
Cash flow from financing activities:
Proceeds from the exercise of stock options	97,688	88,850
Proceeds from the exercise of warrants	59,500	237,501
Common stock repurchase	(93,918)	(178,012)
Repurchase of stock options and warrants	0	(308,313)
Net cash provided by (used in) financing activities	63,270	(159,974)
Effect of exchange rate changes	(2,944)	4,203
Net increase (decrease) in cash and cash equivalents	(401,162)	1,692,781
Cash and cash equivalents, beginning of period	11,004,337	9,311,556
Cash and cash equivalents, end of period	10,603,175	11,004,337
Supplemental disclosures of cash flow information:
Cash paid for income taxes	$ 7,622	$ 3,204

Organization, Nature of Busines

Organization, Nature of Business and Basis of Presentation	12 Months Ended
	Jun. 30, 2022
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 three wholly owned subsidiaries at June 30, 2022: Reprints Desk, Inc., a Delaware corporation, Reprints Desk Latin America S. de R.L. de C.V, an entity organized under the laws of Mexico, and RESSOL LA, 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: a cloud-based software-as-a-service (“SaaS”) research platform (“Platforms”) typically sold via annual auto-renewing license agreements and the sale of published scientific, technical, and medical (“STM”) content sold as individual articles (“Transactions”) either stand alone or via the Platform. When customers utilize the Platform to purchase Transactions it is packaged as a single solution that enables life science and other research intensive organizations to accelerate their research and development activities with faster, access and management of STM articles used throughout the intellectual property development lifecycle. The Platform typically delivers a ROI to the customer via more effectively managing Transaction costs and saving researchers time during the research process. Platforms Our cloud-based SaaS research 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 components. An alternative to manual data filtering, identification and extraction, the apps 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 continue to develop new apps in order to build an ecosystem of apps. Together, these apps 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 80 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; in many cases under one minute. 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2022
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. Cash and cash equivalents For purposes of the statements of cash flows, the Company defines cash equivalents as all highly liquid debt instruments purchased with an original maturity of three months or less. In all periods presented, cash equivalents consist primarily of money market funds. Fair value of financial instruments Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Inputs, other than the quoted prices in active markets, are observable either directly or indirectly. Level 3 – Unobservable inputs based on the Company’s assumptions. The Company is required to use observable market data if such data is available without undue cost and effort. The Company has no fair value items required to be disclosed as of June 30, 2022 or 2021 under these requirements. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, accounts receivable and accounts payable, approximate their fair values because of the short maturity of these instruments. Allowance for doubtful accounts The Company evaluates the collectability of its trade accounts receivable based on a number of factors. In circumstances where the Company becomes aware of a specific customer’s inability to meet its financial obligations to the Company, a specific reserve for bad debts is estimated and recorded, which reduces the recognized receivable to the estimated amount the Company believes will ultimately be collected. In addition to specific customer identification of potential bad debts, bad debt charges are recorded based on the Company’s historical losses and an overall assessment of past due trade accounts receivable outstanding. The Company established an allowance for doubtful accounts of $94,144 and $51,495 as of June 30, 2022 and 2021, respectively. 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 and British Pounds with an aggregate US Dollar equivalent of $483,232 and $138,488 at June 30, 2022 and 2021, respectively, was held in accounts at financial institutions located in Europe. The Company has no customers that represent 10% of revenue or more for the years ended June 30, 2022 and 2021. The following table summarizes accounts receivable concentrations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ June 30, ​ ​ June 30, ​ ​ 2022 2021 ​ Customer A ​ * ​ ​ 14 % ​ * Less than 10% The following table summarizes our content costs from our vendors: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ ​ June 30, ​ ​ ​ 2022 2021 ​ ​ Vendor A ​ 21 % ​ 20 % ​ Vendor B ​ 13 % ​ 13 % ​ ​ Property and equipment Property and equipment are stated at cost and are depreciated using the straight-line method over their estimated useful lives of 3 to 7 years. Leasehold improvements are amortized over the shorter of the useful lives of the related assets, or the lease term. Expenditures for maintenance and repairs are charged to operations as incurred while renewals and betterments are capitalized. Gains and losses on disposals are included in the consolidated statements of operations. Management assesses the carrying value of property and equipment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. If there is indication of impairment, management prepares an estimate of future cash flows expected to result from the use of the asset and its eventual disposition. If these cash flows are less than the carrying amount of the asset, an impairment loss is recognized to write down the asset to its estimated fair value. For the years ended June 30, 2022 and 2021, the Company did not recognize any impairments for its property and equipment. Revenue Recognition The Company accounts for revenue in accordance with 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. 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. Revenue by Geographical Region The following table summarizes revenue by geographical region: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ ​ June 30, ​ ​ ​ 2022 ​ 2021 ​ United States ​ $ 19,170,684 58.2 % ​ $ 17,757,521 ​ 55.9 % Europe ​ 11,432,516 34.7 % ​ 11,590,169 36.5 % Rest of World ​ 2,330,952 7.1 % ​ 2,408,655 7.6 % Total ​ $ 32,934,152 100 % ​ $ 31,756,345 100 % ​ Accounts Receivable by Geographical Region The following table summarizes accounts receivable by geographical region: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ June 30, ​ ​ 2022 ​ 2021 ​ United States $ 3,255,976 62.0 % ​ $ 2,798,224 ​ 59.3 % Europe ​ 1,665,111 31.7 % ​ 1,650,030 35.0 % Rest of World ​ 330,458 6.3 % ​ 269,199 5.7 % Total ​ $ 5,251,545 100 % ​ $ 4,717,453 100 % ​ 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. Under ASC 718, Repurchase or Cancellation of equity awards, the amount of cash or other assets transferred (or liabilities incurred) to repurchase an equity award shall be charged to equity, to the extent that the amount paid does not exceed the fair value of the equity instruments repurchased at the repurchase date. Any excess of the repurchase price over the fair value of the instruments repurchased shall be recognized as additional compensation cost. 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 and ResSoL LA 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 $143,898 and a gain of $35,960 for the years ended June 30, 2022 and 2021, respectively. Cash denominated in Euros and British Pounds with an aggregate US Dollar equivalent of $483,232 and $138,488 at June 30, 2022 and 2021, respectively, was held in accounts at financial institutions located in Europe. The following table summarizes the exchange rates used: ​ ​ ​ ​ ​ ​ ​ Year Ended ​ June 30, ​ 2022 2021 Period end Euro : US Dollar exchange rate ​ 1.05 ​ 1.19 Average period Euro : US Dollar exchange rate ​ 1.13 1.19 ​ ​ ​ ​ ​ Period end GBP : US Dollar exchange rate ​ 1.21 ​ 1.38 Average period GBP : US Dollar exchange rate ​ 1.34 1.34 ​ ​ ​ ​ Period end Mexican Peso : US Dollar exchange rate ​ 0.05 0.05 Average period Mexican Peso : US Dollar exchange rate ​ 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 June 30, 2022 potentially dilutive securities include options to acquire 3,182,872 shares of common stock and unvested restricted common stock of 400,092. At June 30, 2021 potentially dilutive securities include options to acquire 3,258,408 shares of common stock, warrants to acquire 50,000 shares of common stock and unvested restricted common stock of 245,252. 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 years ended June 30, 2022 and 2021 because all stock options, warrants, and unvested restricted common stock are anti-dilutive. Income taxes The Company accounts for income taxes using the asset and liability method whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments. ASU 2016-13 requires entities to use a forward-looking approach based on current expected credit losses (“CECL”) to estimate credit losses on certain types of financial instruments, including trade receivables. This may result in the earlier recognition of allowances for losses. ASU 2016-13 is effective for the Company beginning July 1, 2023, and early adoption is permitted. The Company does not believe the potential impact of the new guidance and related codification improvements will be material to its 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.

Property and Equipment

Property and Equipment	12 Months Ended
	Jun. 30, 2022
Property and Equipment
Property and Equipment	Note 3. Property and Equipment Property and equipment consists of the following as of June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, June 30, ​ ​ 2022 ​ 2021 Computer equipment ​ $ 566,518 ​ $ 522,296 Software ​ 282,080 ​ 282,080 Furniture and fixtures ​ 40,383 ​ 40,502 Total ​ 888,981 ​ 844,878 Less accumulated depreciation ​ (840,996) ​ (824,123) Net, Property and equipment ​ $ 47,985 ​ $ 20,755 ​ Depreciation expense for the years ended June 30, 2022 and 2021 was $17,651 and $11,522, respectively.

Line of Credit

Line of Credit	12 Months Ended
	Jun. 30, 2022
Line of Credit
Line of Credit	Note 4 . 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 February 28, 2024, and is subject to certain financial and performance covenants with which we were in compliance as of June 30, 2022. 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. The line of credit bears interest at an annual rate equal to the greater of 1% above the prime rate and 5.0%. The interest rate on the line of credit was 5.75% as of June 30, 2022. The line of credit is secured by the Company’s consolidated assets. There were no outstanding borrowings under the line as of June 30, 2022 and June 30, 2021, respectively. As of June 30, 2022, there was approximately $2,500,000 of available credit.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Jun. 30, 2022
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. On November 17, 2020, 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 2,374,513 to 3,374,513. On November 17, 2021, 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 3,374,513 to 6,874,513. 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 June 30, 2022, there were 3,935,596 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 July 1, 2020 3,327,580 $ 1.56 3,081,745 $ 1.50 245,835 $ 2.34 Granted 575,348 ​ 2.28 270,000 ​ 2.25 305,348 ​ 2.31 Options vesting — ​ — 199,499 ​ 2.16 (199,499) ​ 2.16 Exercised (274,520) ​ 1.34 (274,520) ​ 1.34 — ​ — Forfeited ​ (126,250) ​ 2.59 (102,500) ​ 2.72 (23,750) ​ 1.99 Repurchased (243,750) ​ 1.32 (243,750) ​ 1.32 — ​ — Outstanding at June 30, 2021 3,258,408 $ 1.68 2,930,474 $ 1.60 327,934 $ 2.46 Granted 307,843 ​ 2.22 — ​ — 307,843 ​ 2.22 Options vesting — ​ — 452,879 ​ 2.26 (452,879) ​ 2.26 Exercised (357,079) ​ 1.20 (357,079) ​ 1.20 — ​ — Forfeited (26,300) ​ 1.34 (26,300) ​ 1.34 — ​ — Repurchased — ​ — — ​ — — ​ — Outstanding at June 30, 2022 3,182,872 ​ $ 1.79 2,999,974 ​ $ 1.75 182,898 ​ $ 2.49 ​ 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 years ended June 30, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended ​ ​ June 30, ​ ​ ​ 2022 2021 ​ Expected dividend yield ​ 0 % 0 % Risk-free interest rate ​ 0.92 - 1.81 % 0.37 - 1.05 % Expected life (in years) ​ 5 - 6 5 - 6 ​ Expected volatility ​ 56 % 56 - 63 % ​ The weighted average remaining contractual life of all options outstanding as of June 30, 2022 was 5.48 years. The remaining contractual life for options vested and exercisable at June 30, 2022 was 5.28 years. Furthermore, the aggregate intrinsic value of options outstanding and of options vested and exercisable at June 30, 2022 was $966,550, in each case based on the fair value of the Company’s common stock on June 30, 2022. During the year ended June 30, 2022, the Company granted 307,843 options to employees with a fair value of $342,566 which amount will be amortized over the vesting period. The total fair value of options that vested during the year ended June 30, 2022 was $470,615 and was included in selling, general and administrative expenses in the accompanying statement of operations. As of June 30, 2022, the amount of unvested compensation related to the unvested options was $212,642 which will be recorded as an expense in future periods as the options vest. During the year ended June 30, 2022, the Company issued 211,072 net shares of common stock upon the exercise of options underlying 357,079 shares of common stock, resulting in net cash proceeds of $97,688. During the year ended June 30, 2021, the Company granted 575,348 options to employees with a fair value of $686,461 which amount will be amortized over the vesting period. The total fair value of options that vested during the year ended June 30, 2021 was $631,335 and was included in selling, general and administrative expenses in the accompanying statement of operations. As of June 30, 2021, the amount of unvested compensation related to the unvested options was $340,692 which will be recorded as an expense in future periods as the options vest. During the year ended June 30, 2021, the Company issued 158,609 net shares of common stock upon the exercise of options underlying 274,520 shares of common stock, resulting in net cash proceeds of $88,850. On March 31, 2021 the Company repurchased options underlying 243,750 shares of stock from a former director for $213,313. The entire amount was charged to equity. Additional information regarding stock options outstanding and exercisable as of June 30, 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Option ​ Remaining ​ ​ Exercise ​ Options ​ Contractual ​ Options ​ Price ​ Outstanding ​ Life (in years) ​ Exercisable $ 0.70 225,000 3.43 225,000 ​ 0.77 25,000 2.14 25,000 ​ 0.80 16,000 3.14 16,000 ​ 0.90 15,000 3.10 15,000 ​ 1.00 15,000 2.70 15,000 ​ 1.05 305,000 4.15 305,000 ​ 1.07 33,898 0.29 33,898 ​ 1.09 60,000 3.90 60,000 ​ 1.10 105,000 3.00 105,000 ​ 1.15 104,400 0.61 104,400 ​ 1.20 274,000 5.05 274,000 ​ 1.25 32,000 0.62 32,000 ​ 1.50 185,000 0.48 185,000 ​ 1.59 25,000 5.87 25,000 ​ 1.80 86,550 1.23 86,550 ​ 1.85 16,000 0.89 16,000 ​ 1.95 200,000 6.01 200,000 ​ 2.10 ​ 238,767 ​ 10.00 ​ 238,767 ​ 2.13 ​ 216,708 ​ 8.39 ​ 209,746 ​ 2.17 ​ 35,955 ​ 8.87 ​ 14,981 ​ 2.19 ​ 5,000 ​ 10.00 ​ — ​ 2.40 332,833 6.38 332,833 ​ 2.43 ​ 61,250 ​ 8.93 ​ 43,750 ​ 2.45 ​ 173,000 ​ 8.10 ​ 115,332 ​ 2.49 ​ 88,435 ​ 7.84 ​ 81,717 ​ 2.50 ​ 20,000 ​ 6.88 ​ 20,000 ​ 2.64 ​ 30,882 ​ 9.10 ​ — ​ 2.67 ​ 33,194 ​ 9.22 ​ — ​ 2.99 ​ 8,000 ​ 7.87 ​ 6,000 ​ 3.13 ​ 208,000 ​ 7.38 ​ 207,333 ​ 3.50 ​ 8,000 ​ 7.62 ​ 6,667 ​ Total ​ 3,182,872 ​ ​ ​ 2,999,974 ​ Warrants The following table summarizes warrant activity: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Average ​ ​ Number of ​ Exercise ​ ​ Warrants ​ Price Outstanding, June 30, 2020 385,000 ​ $ 1.24 Granted — ​ — Exercised (190,000) ​ 1.25 Repurchased ​ (100,000) ​ 1.25 Expired/Cancelled (45,000) ​ 1.25 Outstanding, June 30, 2021 50,000 ​ $ 1.19 Granted — ​ — Exercised (50,000) ​ 1.19 Repurchased — ​ — Expired/Cancelled — ​ — Outstanding, June 30, 2022 — ​ $ — Exercisable, June 30, 2021 50,000 ​ $ 1.19 Exercisable, June 30, 2022 — ​ $ — ​ During the year ended June 30, 2022, certain holders of warrants to purchase shares of the Company’s common stock at a per share exercise price of $1.19 exercised those warrants to purchase 50,000 shares, generating gross proceeds to the Company of $59,500. During the year ended June 30, 2021, certain holders of warrants to purchase shares of the Company’s common stock at a per share exercise price of $1.25 exercised those warrants to purchase 190,000 shares, generating gross proceeds to the Company of $237,501. On March 31, 2021 the Company repurchased warrants underlying 100,000 shares of stock from a former director for $95,000. The entire amount was charged to equity. Restricted Common Stock Prior to July 1, 2020, the Company issued 2,277,366 shares of restricted common stock to employees valued at $2,521,204, of which $2,126,907 had been recognized as an expense. As of June 30, 2020, 191,855 of these shares with a grant date fair value of $394,297 had not yet vested. During the year ended June 30, 2021, the Company issued an additional 195,810 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 $463,994 based on the market price of our common stock ranging from $2.13 to $2.49 per share on the date of grant, which will be amortized over the three-year vesting period. During the year ended June 30, 2022, the Company issued an additional 356,582 shares of restricted stock to employees. Of this amount, 256,582 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 remaining 100,000 shares vest over a four 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 $850,996 based on the market price of our common stock ranging from $1.87 to $2.64 per share on the date of grant, which will be amortized over the vesting period. The total fair value of restricted common stock vested during the year ended June 30, 2022 and 2021 was $557,496 and $376,338, respectively, and is included in selling, general and administrative expenses in the accompanying statements of operations. As of June 30, 2022, the amount of unvested compensation related to issuances of restricted common stock was $775,453, 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, 2020 191,855 ​ ​ 394,297 ​ $ 2.51 Granted 195,810 ​ 463,994 ​ 2.37 Vested (142,413) ​ (376,338) ​ 2.37 Forfeited — ​ — ​ — Non-vested, June 30, 2021 245,252 ​ $ 481,953 ​ $ 2.47 Granted 356,582 ​ 850,996 ​ 2.39 Vested (201,742) ​ (557,496) ​ 2.51 Forfeited — ​ — ​ — Non-vested, June 30, 2022 400,092 ​ $ 775,453 ​ $ 2.38 ​ Common Stock Repurchase and Retirement Effective as of February 9, 2021, the Compensation Committee of our Board of Directors authorized the repurchase, during calendar year 2021 on the last day of each trading window and otherwise in accordance with our insider trading policies, of up to $400,000 of outstanding common stock (at prices no greater than $4.00 per share) from our employees to satisfy their tax obligations in connection with the vesting of stock incentive awards. The Compensation Committee of our Board of Directors subsequently approved the extension of the repurchases under the same terms through the end of fiscal year 2023. 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. As of June 30, 2021, $349,263 remained under the current authorization to repurchase our outstanding common stock from our employees. During the years ended June 30, 2022 and 2021, we repurchased 40,221 and 78,467 shares of our common stock under the repurchase plan at an average price of approximately $2.34 and $2.27 per share, respectively, for an aggregate amount of $93,918 and $178,012, respectively. As of June 30, 2022, $255,345 remains under the current authorization to repurchase our outstanding common stock from our employees. Shares repurchased are retired and deducted from common stock for par value and from additional paid in capital for the excess over par value. Direct costs incurred to acquire the shares are included in the total cost of the shares. The following table summarizes repurchases of our common stock on a monthly basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of Shares Approximate Dollar Value ​ ​ Total Number ​ Average ​ Purchased as Part of ​ of Shares that May Yet Be ​ ​ of Shares ​ Price Paid ​ Publicly Announced ​ Purchased Under the Period ​ Purchased 1 ​ per Share ​ Plans or Programs ​ Plans or Programs September 2020 25,500 ​ $ 2.29 — $ 219,379 December 2020 31,167 ​ $ 2.21 — ​ 150,499 March 2021 10,750 ​ $ 2.15 — ​ 376,888 June 2021 11,050 ​ $ 2.50 — ​ 349,263 Year ended June 30, 2021 78,467 ​ $ 2.27 — $ 349,263 ​ ​ ​ ​ ​ September 2021 21,365 ​ $ 2.55 — $ 294,782 December 2021 5,951 ​ $ 2.24 — ​ 281,451 March 2022 6,086 ​ $ 2.34 — ​ ​ 267,210 June 2022 6,819 ​ $ 1.74 — ​ ​ 255,345 Year ended June 30, 2022 40,221 ​ $ 2.34 — ​ $ 255,345 1 Consists of shares of common stock purchased from employees to satisfy tax obligations in connection with the vesting of stock incentive awards .

Contingencies and Commitments

Contingencies and Commitments	12 Months Ended
	Jun. 30, 2022
Contingencies and Commitments
Contingencies and Commitments	Note 6. Contingencies and Commitments COVID-19 The Company is subject to risks and uncertainties as a result of the COVID-19 pandemic. The extent of the impact of the COVID-19 pandemic on the Company’s business is highly uncertain and difficult to predict, as the responses that the Company, other businesses and governments are taking continue to evolve. Furthermore, capital markets and economies worldwide have also been negatively impacted by the COVID-19 pandemic, and it is possible that it could cause a local and/or global economic recession. Policymakers around the globe have responded with fiscal policy actions to support the healthcare industry and economy as a whole. The magnitude and overall effectiveness of these actions remain uncertain. To date, we have not experienced any significant changes in our business that would have a significant negative impact on our consolidated statements of operations or cash flows. The severity of the impact of the COVID-19 pandemic on the Company’s business will depend on a number of factors, including, but not limited to, the duration and severity of the pandemic and the extent and severity of the impact on the Company’s customers, service providers and suppliers, all of which are uncertain and cannot be predicted. As of the date of issuance of Company’s financial statements, the extent to which the COVID-19 pandemic may in the future materially impact the Company’s financial condition, liquidity or results of operations is uncertain. Legal Proceedings The Company is involved in legal proceedings in the ordinary course of its business. Although management of the Company cannot predict the ultimate outcome of these legal proceedings with certainty, it believes that the ultimate resolution of the Company’s legal proceedings, including any amounts it may be required to pay, will not have a material effect on the Company’s consolidated financial statements.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2022
Income Taxes
Income Taxes	Note 7. Income Taxes The provision for income taxes consists of the following for the years ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended ​ ​ June 30, ​ 2022 2021 Current ​ ​ Federal ​ $ — ​ $ — State ​ 3,820 ​ 2,319 Foreign (Mexico) ​ 3,802 ​ 885 Deferred ​ ​ ​ ​ Federal ​ — ​ — Foreign ​ — ​ — State ​ — ​ — Provision for income tax expense ​ $ 7,622 ​ $ 3,204 ​ During the year ended June 30, 2022, the Company recorded a provision for income tax expense of $7,622 which consisted of $3,820 in state income tax payments and $3,802 in foreign (Mexico) income tax payments. During the year ended June 30, 2021, the Company recorded a provision for income tax expense of $3,204 which consisted of $2,319 in state income tax payments and $885 in foreign (Mexico) income tax payments. ​ The reconciliation of the effective income tax rate to the federal statutory rate is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended ​ ​ June 30, ​ ​ 2022 2021 Federal income tax rate 21.0 % 21.0 % State tax, net of federal benefit 5.0 % 5.0 % Permanent differences 1.2 % 3.0 % Change in valuation allowance (27.7) % (30.1) % Effective income tax rate (0.5) % (1.1) % ​ Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial statement purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities at June 30, 2022 and 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, June 30, ​ ​ 2022 ​ 2021 Deferred tax assets: ​ ​ Federal net operating loss carryforward ​ $ 2,440,870 ​ $ 2,344,543 State net operating loss carryforward ​ 326,117 ​ 285,568 Intangibles amortization ​ 156,196 ​ 156,196 Stock based compensation ​ 1,993,124 ​ 1,762,884 Other ​ 207,901 ​ 197,401 Total deferred tax assets ​ 5,124,208 ​ 4,746,592 Deferred tax liability: ​ ​ ​ ​ Fixed asset depreciation ​ (51,094) ​ (49,487) Net deferred tax assets ​ 5,073,114 ​ 4,697,105 Less valuation allowance ​ (5,073,114) ​ (4,697,105) ​ ​ $ — ​ $ — ​ The Company has provided a valuation allowance on the deferred tax assets at June 30, 2022 and 2021 to reduce such asset to zero, since there is no assurance that the Company will generate future taxable income to utilize such asset. Management will review this valuation allowance requirement periodically and make adjustments as warranted. The net change in the valuation allowance for the year ended June 30, 2022 was an increase of $379,223. At June 30, 2022 and 2021, the Company had federal net operating loss (“NOL”) carryforwards of approximately $15,040,000 and $15,030,000, respectively, and state NOL carryforwards of approximately $6,420,000 and $6,410,000, respectively. Federal NOLs generated prior to and after 2018 can be carried forward indefinitely with some limitations. State NOLs, if unused, completely expire in 2040 Effective January 1, 2007, the Company adopted FASB guidelines that address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, we may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. This guidance also provides guidance on derecognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. At the date of adoption, and as of June 30, 2022 and 2021, the Company did not have a liability for unrecognized tax benefits, and no adjustment was required at adoption. The Company’s policy is to record interest and penalties on uncertain tax provisions as income tax expense. As of June 30, 2022 and 2021, the Company has no accrued interest or penalties related to uncertain tax positions. Company is subject to taxation in the United States and various states and Mexico. The Company is subject to United States federal or state income tax examinations by tax authorities for fiscal years after 2017.

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2022
Subsequent Events
Subsequent Events	Note 8. Subsequent Events On July 30, 2022, the Company issued 36,509 shares of unrestricted stock to a former officer for services rendered prior to their termination date. These shares vest immediately. The aggregate value of the stock award was $68,273 based on the market price of our common stock of $1.87 per share on the date of grant, which was expensed in the year ended June 30, 2022. ​ On August 19, 2022, the Company issued 222,334 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 value of the stock award was $431,300 based on the market price of our common stock of $1.94 per share on the date of grant, which will be amortized over the three-year vesting period. ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2022
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.
Cash and cash equivalents	Cash and cash equivalents For purposes of the statements of cash flows, the Company defines cash equivalents as all highly liquid debt instruments purchased with an original maturity of three months or less. In all periods presented, cash equivalents consist primarily of money market funds.
Fair value of financial instruments	Fair value of financial instruments Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Inputs, other than the quoted prices in active markets, are observable either directly or indirectly. Level 3 – Unobservable inputs based on the Company’s assumptions. The Company is required to use observable market data if such data is available without undue cost and effort. The Company has no fair value items required to be disclosed as of June 30, 2022 or 2021 under these requirements. The carrying amounts of financial assets and liabilities, such as cash and cash equivalents, accounts receivable and accounts payable, approximate their fair values because of the short maturity of these instruments.
Allowance for doubtful accounts	Allowance for doubtful accounts The Company evaluates the collectability of its trade accounts receivable based on a number of factors. In circumstances where the Company becomes aware of a specific customer’s inability to meet its financial obligations to the Company, a specific reserve for bad debts is estimated and recorded, which reduces the recognized receivable to the estimated amount the Company believes will ultimately be collected. In addition to specific customer identification of potential bad debts, bad debt charges are recorded based on the Company’s historical losses and an overall assessment of past due trade accounts receivable outstanding. The Company established an allowance for doubtful accounts of $94,144 and $51,495 as of June 30, 2022 and 2021, respectively.
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 and British Pounds with an aggregate US Dollar equivalent of $483,232 and $138,488 at June 30, 2022 and 2021, respectively, was held in accounts at financial institutions located in Europe. The Company has no customers that represent 10% of revenue or more for the years ended June 30, 2022 and 2021. The following table summarizes accounts receivable concentrations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ June 30, ​ ​ June 30, ​ ​ 2022 2021 ​ Customer A ​ * ​ ​ 14 % ​ * Less than 10% The following table summarizes our content costs from our vendors: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ ​ June 30, ​ ​ ​ 2022 2021 ​ ​ Vendor A ​ 21 % ​ 20 % ​ Vendor B ​ 13 % ​ 13 % ​ ​
Property and equipment	Property and equipment Property and equipment are stated at cost and are depreciated using the straight-line method over their estimated useful lives of 3 to 7 years. Leasehold improvements are amortized over the shorter of the useful lives of the related assets, or the lease term. Expenditures for maintenance and repairs are charged to operations as incurred while renewals and betterments are capitalized. Gains and losses on disposals are included in the consolidated statements of operations. Management assesses the carrying value of property and equipment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. If there is indication of impairment, management prepares an estimate of future cash flows expected to result from the use of the asset and its eventual disposition. If these cash flows are less than the carrying amount of the asset, an impairment loss is recognized to write down the asset to its estimated fair value. For the years ended June 30, 2022 and 2021, the Company did not recognize any impairments for its property and equipment.
Revenue Recognition	Revenue Recognition The Company accounts for revenue in accordance with 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. 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. Revenue by Geographical Region The following table summarizes revenue by geographical region: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ ​ June 30, ​ ​ ​ 2022 ​ 2021 ​ United States ​ $ 19,170,684 58.2 % ​ $ 17,757,521 ​ 55.9 % Europe ​ 11,432,516 34.7 % ​ 11,590,169 36.5 % Rest of World ​ 2,330,952 7.1 % ​ 2,408,655 7.6 % Total ​ $ 32,934,152 100 % ​ $ 31,756,345 100 % ​ Accounts Receivable by Geographical Region The following table summarizes accounts receivable by geographical region: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ June 30, ​ ​ 2022 ​ 2021 ​ United States $ 3,255,976 62.0 % ​ $ 2,798,224 ​ 59.3 % Europe ​ 1,665,111 31.7 % ​ 1,650,030 35.0 % Rest of World ​ 330,458 6.3 % ​ 269,199 5.7 % Total ​ $ 5,251,545 100 % ​ $ 4,717,453 100 %
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. Under ASC 718, Repurchase or Cancellation of equity awards, the amount of cash or other assets transferred (or liabilities incurred) to repurchase an equity award shall be charged to equity, to the extent that the amount paid does not exceed the fair value of the equity instruments repurchased at the repurchase date. Any excess of the repurchase price over the fair value of the instruments repurchased shall be recognized as additional compensation cost.
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 and ResSoL LA 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 $143,898 and a gain of $35,960 for the years ended June 30, 2022 and 2021, respectively. Cash denominated in Euros and British Pounds with an aggregate US Dollar equivalent of $483,232 and $138,488 at June 30, 2022 and 2021, respectively, was held in accounts at financial institutions located in Europe. The following table summarizes the exchange rates used: ​ ​ ​ ​ ​ ​ ​ Year Ended ​ June 30, ​ 2022 2021 Period end Euro : US Dollar exchange rate ​ 1.05 ​ 1.19 Average period Euro : US Dollar exchange rate ​ 1.13 1.19 ​ ​ ​ ​ ​ Period end GBP : US Dollar exchange rate ​ 1.21 ​ 1.38 Average period GBP : US Dollar exchange rate ​ 1.34 1.34 ​ ​ ​ ​ Period end Mexican Peso : US Dollar exchange rate ​ 0.05 0.05 Average period Mexican Peso : US Dollar exchange rate ​ 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 June 30, 2022 potentially dilutive securities include options to acquire 3,182,872 shares of common stock and unvested restricted common stock of 400,092. At June 30, 2021 potentially dilutive securities include options to acquire 3,258,408 shares of common stock, warrants to acquire 50,000 shares of common stock and unvested restricted common stock of 245,252. 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 years ended June 30, 2022 and 2021 because all stock options, warrants, and unvested restricted common stock are anti-dilutive.
Income taxes	Income taxes The Company accounts for income taxes using the asset and liability method whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments. ASU 2016-13 requires entities to use a forward-looking approach based on current expected credit losses (“CECL”) to estimate credit losses on certain types of financial instruments, including trade receivables. This may result in the earlier recognition of allowances for losses. ASU 2016-13 is effective for the Company beginning July 1, 2023, and early adoption is permitted. The Company does not believe the potential impact of the new guidance and related codification improvements will be material to its 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)	12 Months Ended
	Jun. 30, 2022
Summary of Significant Accounting Policies
Schedule of accounts receivable concentrations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ June 30, ​ ​ June 30, ​ ​ 2022 2021 ​ Customer A ​ * ​ ​ 14 % ​ * Less than 10%
Schedule of vendor concentration risk percentage	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ ​ June 30, ​ ​ ​ 2022 2021 ​ ​ Vendor A ​ 21 % ​ 20 % ​ Vendor B ​ 13 % ​ 13 % ​ ​
Schedule Of foreign currency exchange rate	The following table summarizes the exchange rates used: ​ ​ ​ ​ ​ ​ ​ Year Ended ​ June 30, ​ 2022 2021 Period end Euro : US Dollar exchange rate ​ 1.05 ​ 1.19 Average period Euro : US Dollar exchange rate ​ 1.13 1.19 ​ ​ ​ ​ ​ Period end GBP : US Dollar exchange rate ​ 1.21 ​ 1.38 Average period GBP : US Dollar exchange rate ​ 1.34 1.34 ​ ​ ​ ​ Period end Mexican Peso : US Dollar exchange rate ​ 0.05 0.05 Average period Mexican Peso : US Dollar exchange rate ​ 0.05 0.05
Schedule of revenue by geographical region	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ ​ June 30, ​ ​ ​ 2022 ​ 2021 ​ United States ​ $ 19,170,684 58.2 % ​ $ 17,757,521 ​ 55.9 % Europe ​ 11,432,516 34.7 % ​ 11,590,169 36.5 % Rest of World ​ 2,330,952 7.1 % ​ 2,408,655 7.6 % Total ​ $ 32,934,152 100 % ​ $ 31,756,345 100 %
Schedule of accounts receivable by geographical region	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ June 30, ​ ​ 2022 ​ 2021 ​ United States $ 3,255,976 62.0 % ​ $ 2,798,224 ​ 59.3 % Europe ​ 1,665,111 31.7 % ​ 1,650,030 35.0 % Rest of World ​ 330,458 6.3 % ​ 269,199 5.7 % Total ​ $ 5,251,545 100 % ​ $ 4,717,453 100 %

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Jun. 30, 2022
Property and Equipment
Schedule of Property, Plant and Equipment	Property and equipment consists of the following as of June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, June 30, ​ ​ 2022 ​ 2021 Computer equipment ​ $ 566,518 ​ $ 522,296 Software ​ 282,080 ​ 282,080 Furniture and fixtures ​ 40,383 ​ 40,502 Total ​ 888,981 ​ 844,878 Less accumulated depreciation ​ (840,996) ​ (824,123) Net, Property and equipment ​ $ 47,985 ​ $ 20,755

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Jun. 30, 2022
Stockholders' Equity
Schedule of vested and unvested stock option activity	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 July 1, 2020 3,327,580 $ 1.56 3,081,745 $ 1.50 245,835 $ 2.34 Granted 575,348 ​ 2.28 270,000 ​ 2.25 305,348 ​ 2.31 Options vesting — ​ — 199,499 ​ 2.16 (199,499) ​ 2.16 Exercised (274,520) ​ 1.34 (274,520) ​ 1.34 — ​ — Forfeited ​ (126,250) ​ 2.59 (102,500) ​ 2.72 (23,750) ​ 1.99 Repurchased (243,750) ​ 1.32 (243,750) ​ 1.32 — ​ — Outstanding at June 30, 2021 3,258,408 $ 1.68 2,930,474 $ 1.60 327,934 $ 2.46 Granted 307,843 ​ 2.22 — ​ — 307,843 ​ 2.22 Options vesting — ​ — 452,879 ​ 2.26 (452,879) ​ 2.26 Exercised (357,079) ​ 1.20 (357,079) ​ 1.20 — ​ — Forfeited (26,300) ​ 1.34 (26,300) ​ 1.34 — ​ — Repurchased — ​ — — ​ — — ​ — Outstanding at June 30, 2022 3,182,872 ​ $ 1.79 2,999,974 ​ $ 1.75 182,898 ​ $ 2.49
Schedule of valuation assumptions	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 years ended June 30, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended ​ ​ June 30, ​ ​ ​ 2022 2021 ​ Expected dividend yield ​ 0 % 0 % Risk-free interest rate ​ 0.92 - 1.81 % 0.37 - 1.05 % Expected life (in years) ​ 5 - 6 5 - 6 ​ Expected volatility ​ 56 % 56 - 63 %
Schedule of additional information regarding stock options outstanding and exercisable	Additional information regarding stock options outstanding and exercisable as of June 30, 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Option ​ Remaining ​ ​ Exercise ​ Options ​ Contractual ​ Options ​ Price ​ Outstanding ​ Life (in years) ​ Exercisable $ 0.70 225,000 3.43 225,000 ​ 0.77 25,000 2.14 25,000 ​ 0.80 16,000 3.14 16,000 ​ 0.90 15,000 3.10 15,000 ​ 1.00 15,000 2.70 15,000 ​ 1.05 305,000 4.15 305,000 ​ 1.07 33,898 0.29 33,898 ​ 1.09 60,000 3.90 60,000 ​ 1.10 105,000 3.00 105,000 ​ 1.15 104,400 0.61 104,400 ​ 1.20 274,000 5.05 274,000 ​ 1.25 32,000 0.62 32,000 ​ 1.50 185,000 0.48 185,000 ​ 1.59 25,000 5.87 25,000 ​ 1.80 86,550 1.23 86,550 ​ 1.85 16,000 0.89 16,000 ​ 1.95 200,000 6.01 200,000 ​ 2.10 ​ 238,767 ​ 10.00 ​ 238,767 ​ 2.13 ​ 216,708 ​ 8.39 ​ 209,746 ​ 2.17 ​ 35,955 ​ 8.87 ​ 14,981 ​ 2.19 ​ 5,000 ​ 10.00 ​ — ​ 2.40 332,833 6.38 332,833 ​ 2.43 ​ 61,250 ​ 8.93 ​ 43,750 ​ 2.45 ​ 173,000 ​ 8.10 ​ 115,332 ​ 2.49 ​ 88,435 ​ 7.84 ​ 81,717 ​ 2.50 ​ 20,000 ​ 6.88 ​ 20,000 ​ 2.64 ​ 30,882 ​ 9.10 ​ — ​ 2.67 ​ 33,194 ​ 9.22 ​ — ​ 2.99 ​ 8,000 ​ 7.87 ​ 6,000 ​ 3.13 ​ 208,000 ​ 7.38 ​ 207,333 ​ 3.50 ​ 8,000 ​ 7.62 ​ 6,667 ​ Total ​ 3,182,872 ​ ​ ​ 2,999,974
Schedule of warrant activity	The following table summarizes warrant activity: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Average ​ ​ Number of ​ Exercise ​ ​ Warrants ​ Price Outstanding, June 30, 2020 385,000 ​ $ 1.24 Granted — ​ — Exercised (190,000) ​ 1.25 Repurchased ​ (100,000) ​ 1.25 Expired/Cancelled (45,000) ​ 1.25 Outstanding, June 30, 2021 50,000 ​ $ 1.19 Granted — ​ — Exercised (50,000) ​ 1.19 Repurchased — ​ — Expired/Cancelled — ​ — Outstanding, June 30, 2022 — ​ $ — Exercisable, June 30, 2021 50,000 ​ $ 1.19 Exercisable, June 30, 2022 — ​ $ — ​
Schedule of additional information regarding warrants outstanding and exercisable	During the year ended June 30, 2021, certain holders of warrants to purchase shares of the Company’s common stock at a per share exercise price of $1.25 exercised those warrants to purchase 190,000 shares, generating gross proceeds to the Company of $237,501. On March 31, 2021 the Company repurchased warrants underlying 100,000 shares of stock from a former director for $95,000. The entire amount was charged to equity.
Schedule of restricted common stock activity	The following table summarizes restricted common stock activity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ Average ​ ​ Number of ​ ​ ​ ​ Grant Date ​ ​ Shares ​ Fair Value ​ Fair Value Non-vested, June 30, 2020 191,855 ​ ​ 394,297 ​ $ 2.51 Granted 195,810 ​ 463,994 ​ 2.37 Vested (142,413) ​ (376,338) ​ 2.37 Forfeited — ​ — ​ — Non-vested, June 30, 2021 245,252 ​ $ 481,953 ​ $ 2.47 Granted 356,582 ​ 850,996 ​ 2.39 Vested (201,742) ​ (557,496) ​ 2.51 Forfeited — ​ — ​ — Non-vested, June 30, 2022 400,092 ​ $ 775,453 ​ $ 2.38
Schedule of Repurchase Agreements	The following table summarizes repurchases of our common stock on a monthly basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of Shares Approximate Dollar Value ​ ​ Total Number ​ Average ​ Purchased as Part of ​ of Shares that May Yet Be ​ ​ of Shares ​ Price Paid ​ Publicly Announced ​ Purchased Under the Period ​ Purchased 1 ​ per Share ​ Plans or Programs ​ Plans or Programs September 2020 25,500 ​ $ 2.29 — $ 219,379 December 2020 31,167 ​ $ 2.21 — ​ 150,499 March 2021 10,750 ​ $ 2.15 — ​ 376,888 June 2021 11,050 ​ $ 2.50 — ​ 349,263 Year ended June 30, 2021 78,467 ​ $ 2.27 — $ 349,263 ​ ​ ​ ​ ​ September 2021 21,365 ​ $ 2.55 — $ 294,782 December 2021 5,951 ​ $ 2.24 — ​ 281,451 March 2022 6,086 ​ $ 2.34 — ​ ​ 267,210 June 2022 6,819 ​ $ 1.74 — ​ ​ 255,345 Year ended June 30, 2022 40,221 ​ $ 2.34 — ​ $ 255,345 1 Consists of shares of common stock purchased from employees to satisfy tax obligations in connection with the vesting of stock incentive awards .

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2022
Income Taxes
Schedule of provision for income taxes	The provision for income taxes consists of the following for the years ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended ​ ​ June 30, ​ 2022 2021 Current ​ ​ Federal ​ $ — ​ $ — State ​ 3,820 ​ 2,319 Foreign (Mexico) ​ 3,802 ​ 885 Deferred ​ ​ ​ ​ Federal ​ — ​ — Foreign ​ — ​ — State ​ — ​ — Provision for income tax expense ​ $ 7,622 ​ $ 3,204
Schedule of reconciliation of the effective income tax rate	The reconciliation of the effective income tax rate to the federal statutory rate is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended ​ ​ June 30, ​ ​ 2022 2021 Federal income tax rate 21.0 % 21.0 % State tax, net of federal benefit 5.0 % 5.0 % Permanent differences 1.2 % 3.0 % Change in valuation allowance (27.7) % (30.1) % Effective income tax rate (0.5) % (1.1) %
Schedule of deferred tax assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, June 30, ​ ​ 2022 ​ 2021 Deferred tax assets: ​ ​ Federal net operating loss carryforward ​ $ 2,440,870 ​ $ 2,344,543 State net operating loss carryforward ​ 326,117 ​ 285,568 Intangibles amortization ​ 156,196 ​ 156,196 Stock based compensation ​ 1,993,124 ​ 1,762,884 Other ​ 207,901 ​ 197,401 Total deferred tax assets ​ 5,124,208 ​ 4,746,592 Deferred tax liability: ​ ​ ​ ​ Fixed asset depreciation ​ (51,094) ​ (49,487) Net deferred tax assets ​ 5,073,114 ​ 4,697,105 Less valuation allowance ​ (5,073,114) ​ (4,697,105) ​ ​ $ — ​ $ —

Organization, Nature of Busin_2

Organization, Nature of Business and Basis of Presentation (Details)	Jun. 30, 2022 item subsidiary
Organization, Nature of Business and Basis of Presentation
Number of subsidiaries | subsidiary	3
Number of service offerings | item	2

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Allowance for doubtful accounts	$ 94,144	$ 51,495
FDIC insured amount	250,000
Foreign currency transaction gain (loss)	$ 143,898	$ (35,960)
Restricted Common Stock [Member]
Antidilutive securities amount	400,092	245,252
Maximum
Property and equipment estimated useful lives	7 years
Minimum
Property and equipment estimated useful lives	3 years
Europe financial institutions
Antidilutive securities amount	483,232	138,488
Deposits	$ 483,232	$ 138,488
Employee stock options
Antidilutive securities amount	3,182,872	3,258,408
Employee stock options | Warrant | Restricted Common Stock [Member]
Antidilutive securities amount		50,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Concentrations (Details) - customer	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Revenue | Customer Concentration Risk
Number of customers	0	0
Revenue | Customer Concentration Risk | Minimum
Concentration percentage	10%	10%
Accounts receivable | Customer Concentration Risk | Customer A
Concentration percentage		14%
Content costs from vendors | Supplier Concentration | Vendor A
Concentration percentage	21%	20%
Content costs from vendors | Supplier Concentration | Vendor B
Concentration percentage	13%	13%

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Revenue (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Revenues	$ 32,934,152	$ 31,756,345
Percentage of revenue	100%	100%
Accounts receivable
Revenues	$ 5,251,545	$ 4,717,453
Percentage of revenue	100%	100%
United States
Revenues	$ 19,170,684	$ 17,757,521
Percentage of revenue	58.20%	55.90%
United States | Accounts receivable
Revenues	$ 3,255,976	$ 2,798,224
Percentage of revenue	62%	59.30%
Europe
Revenues	$ 11,432,516	$ 11,590,169
Percentage of revenue	34.70%	36.50%
Europe | Accounts receivable
Revenues	$ 1,665,111	$ 1,650,030
Percentage of revenue	31.70%	35%
Rest of World
Revenues	$ 2,330,952	$ 2,408,655
Percentage of revenue	7.10%	7.60%
Rest of World | Accounts receivable
Revenues	$ 330,458	$ 269,199
Percentage of revenue	6.30%	5.70%

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Exchange rates (Details)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Euro to US Dollar
Period end exchange rate	1.05	1.19
Average period exchange rate	1.13	1.19
Mexican Peso to US Dollar
Period end exchange rate	0.05	0.05
Average period exchange rate	0.05	0.05

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Total	$ 888,981	$ 844,878
Less accumulated depreciation	(840,996)	(824,123)
Net, Property and equipment	47,985	20,755
Computer equipment
Total	566,518	522,296
Software
Total	282,080	282,080
Furniture and fixtures
Total	$ 40,383	$ 40,502

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Property and Equipment
Depreciation	$ 17,651	$ 11,522

Line of Credit (Details)

Line of Credit (Details) - Silicon Valley Bank		12 Months Ended
	Jul. 23, 2010 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Line of credit amount	$ 2,500,000
Percentage of eligible accounts receivable	80%
Line of credit facility expiration date		Feb. 28, 2024
Covenants ratio		1.15
Interest rate on the line of credit		5.75%
Outstanding borrowings under line of credit		$ 0	$ 0
Approximate available credit		$ 2,500,000
Prime Rate [Member]
Interest at an annual rate		1%
Interest rate on the line of credit		5%

Lease Obligations (Details)

Lease Obligations (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Lease Obligations
Amortization of lease right	$ 0	$ 72,331

Stockholders' Equity - Vested a

Stockholders' Equity - Vested and unvested stock option (Details) - $ / shares	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Outstanding beginning balance (in shares)	3,258,408	3,327,580
Granted (in shares)	307,843	575,348
Options vesting (in shares)	0	0
Exercised (in shares)	(357,079)	(274,520)
Forfeited (in shares)	(26,300)
Repurchased (in shares)	0	(243,750)
Outstanding ending balance (in shares)	3,182,872	3,258,408
Outstanding beginning balance Weighted Average Exercise Price	$ 1.68	$ 1.56
Granted Weighted Average Exercise Price	2.22	2.28
Options vesting Weighted Average Exercise Price	0	0
Exercised Weighted Average Exercise Price	1.20	1.34
Forfeited Weighted Average Exercise Price	1.34
Repurchased Weighted Average Exercise Price	0
Outstanding ending balance Weighted Average Exercise Price	$ 1.79	$ 1.68
Vested Options [Member]
Outstanding beginning balance (in shares)	2,930,474	3,081,745
Granted (in shares)	0	270,000
Options vesting (in shares)	452,879	199,499
Exercised (in shares)	(357,079)	(274,520)
Forfeited (in shares)	(26,300)
Repurchased (in shares)	0	(243,750)
Outstanding ending balance (in shares)	2,999,974	2,930,474
Outstanding beginning balance Weighted Average Exercise Price	$ 1.60	$ 1.50
Granted Weighted Average Exercise Price	0	2.25
Options vesting Weighted Average Exercise Price	2.26	2.16
Exercised Weighted Average Exercise Price	1.20	1.34
Forfeited Weighted Average Exercise Price	1.34
Repurchased Weighted Average Exercise Price	0	1.32
Outstanding ending balance Weighted Average Exercise Price	$ 1.75	$ 1.60
Unvested Options [Member]
Outstanding beginning balance (in shares)	327,934	245,835
Granted (in shares)	307,843	305,348
Options vesting (in shares)	452,879	199,499
Exercised (in shares)	0	0
Forfeited (in shares)	0
Repurchased (in shares)	0	0
Outstanding ending balance (in shares)	182,898	327,934
Outstanding beginning balance Weighted Average Exercise Price	$ 2.46	$ 2.34
Granted Weighted Average Exercise Price	2.22	2.31
Options vesting Weighted Average Exercise Price	2.26	2.16
Exercised Weighted Average Exercise Price	0	0
Forfeited Weighted Average Exercise Price	0
Repurchased Weighted Average Exercise Price	0
Outstanding ending balance Weighted Average Exercise Price	$ 2.49	$ 2.46

Stockholders' Equity - Estimate

Stockholders' Equity - Estimate the fair values (Details)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Expected dividend yield	0%	0%
Expected volatility	56%
Minimum
Risk-free interest rate	0.92%	0.37%
Expected life (in years)	5 years	5 years
Expected volatility		56%
Maximum
Risk-free interest rate	1.81%	1.05%
Expected life (in years)	6 years	6 years
Expected volatility		63%

Stockholders' Equity - Stock op

Stockholders' Equity - Stock options outstanding and exercisable (Details)	12 Months Ended
	Jun. 30, 2022 $ / shares shares
Options Outstanding	3,182,872
Options Exercisable	2,999,974
Range One
Option Exercise Price | $ / shares	$ 0.70
Options Outstanding	225,000
Remaining Contractual Life (in years)	3 years 5 months 4 days
Options Exercisable	225,000
Range Two
Option Exercise Price | $ / shares	$ 0.77
Options Outstanding	25,000
Remaining Contractual Life (in years)	2 years 1 month 20 days
Options Exercisable	25,000
Range Three
Option Exercise Price | $ / shares	$ 0.80
Options Outstanding	16,000
Remaining Contractual Life (in years)	3 years 1 month 20 days
Options Exercisable	16,000
Range Four
Option Exercise Price | $ / shares	$ 0.90
Options Outstanding	15,000
Remaining Contractual Life (in years)	3 years 1 month 6 days
Options Exercisable	15,000
Range Five
Option Exercise Price | $ / shares	$ 1
Options Outstanding	15,000
Remaining Contractual Life (in years)	2 years 8 months 12 days
Options Exercisable	15,000
Range Six
Option Exercise Price | $ / shares	$ 1.05
Options Outstanding	305,000
Remaining Contractual Life (in years)	4 years 1 month 24 days
Options Exercisable	305,000
Range Seven
Option Exercise Price | $ / shares	$ 1.07
Options Outstanding	33,898
Remaining Contractual Life (in years)	3 months 14 days
Options Exercisable	33,898
Range Eight
Option Exercise Price | $ / shares	$ 1.09
Options Outstanding	60,000
Remaining Contractual Life (in years)	3 years 10 months 24 days
Options Exercisable	60,000
Range Nine
Option Exercise Price | $ / shares	$ 1.10
Options Outstanding	105,000
Remaining Contractual Life (in years)	3 years
Options Exercisable	105,000
Range Ten
Option Exercise Price | $ / shares	$ 1.15
Options Outstanding	104,400
Remaining Contractual Life (in years)	7 months 9 days
Options Exercisable	104,400
Range Eleven
Option Exercise Price | $ / shares	$ 1.20
Options Outstanding	274,000
Remaining Contractual Life (in years)	5 years 18 days
Options Exercisable	274,000
Range Twelve
Option Exercise Price | $ / shares	$ 1.25
Options Outstanding	32,000
Remaining Contractual Life (in years)	7 months 13 days
Options Exercisable	32,000
Range Thirteen
Option Exercise Price | $ / shares	$ 1.50
Options Outstanding	185,000
Remaining Contractual Life (in years)	5 months 23 days
Options Exercisable	185,000
Range Fourteen
Option Exercise Price | $ / shares	$ 1.59
Options Outstanding	25,000
Remaining Contractual Life (in years)	5 years 10 months 13 days
Options Exercisable	25,000
Range Fifteen
Option Exercise Price | $ / shares	$ 1.80
Options Outstanding	86,550
Remaining Contractual Life (in years)	1 year 2 months 23 days
Options Exercisable	86,550
Range Sixteen
Option Exercise Price | $ / shares	$ 1.85
Options Outstanding	16,000
Remaining Contractual Life (in years)	10 months 20 days
Options Exercisable	16,000
Range Seventeen
Option Exercise Price | $ / shares	$ 1.95
Options Outstanding	200,000
Remaining Contractual Life (in years)	6 years 3 days
Options Exercisable	200,000
Range Nineteen
Option Exercise Price | $ / shares	$ 2.13
Options Outstanding	216,708
Remaining Contractual Life (in years)	8 years 4 months 20 days
Options Exercisable	209,746
Range Twenty
Option Exercise Price | $ / shares	$ 2.17
Options Outstanding	35,955
Remaining Contractual Life (in years)	8 years 10 months 13 days
Options Exercisable	14,981
Range Twenty Two
Option Exercise Price | $ / shares	$ 2.40
Options Outstanding	332,833
Remaining Contractual Life (in years)	6 years 4 months 17 days
Options Exercisable	332,833
Range Twenty Three
Option Exercise Price | $ / shares	$ 2.43
Options Outstanding	61,250
Remaining Contractual Life (in years)	8 years 11 months 4 days
Options Exercisable	43,750
Range Twenty Four
Option Exercise Price | $ / shares	$ 2.45
Options Outstanding	173,000
Remaining Contractual Life (in years)	8 years 1 month 6 days
Options Exercisable	115,332
Range Twenty Five
Option Exercise Price | $ / shares	$ 2.49
Options Outstanding	88,435
Remaining Contractual Life (in years)	7 years 10 months 2 days
Options Exercisable	81,717
Range Twenty Six
Option Exercise Price | $ / shares	$ 2.50
Options Outstanding	20,000
Remaining Contractual Life (in years)	6 years 10 months 17 days
Options Exercisable	20,000
Range Twenty Seven
Option Exercise Price | $ / shares	$ 2.64
Options Outstanding	30,882
Remaining Contractual Life (in years)	9 years 1 month 6 days
Options Exercisable	0
Range Twenty Eight
Option Exercise Price | $ / shares	$ 2.67
Options Outstanding	33,194
Remaining Contractual Life (in years)	9 years 2 months 19 days
Options Exercisable	0
Range Twenty Nine
Option Exercise Price | $ / shares	$ 2.99
Options Outstanding	8,000
Remaining Contractual Life (in years)	7 years 10 months 13 days
Options Exercisable	6,000
Range Thirty
Option Exercise Price | $ / shares	$ 3.13
Options Outstanding	208,000
Remaining Contractual Life (in years)	7 years 4 months 17 days
Options Exercisable	207,333
Range Thirty One
Option Exercise Price | $ / shares	$ 3.50
Options Outstanding	8,000
Remaining Contractual Life (in years)	7 years 7 months 13 days
Options Exercisable	6,667

Stockholders' Equity - Warrant

Stockholders' Equity - Warrant activity (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Repurchased		$ 1.32
Proceeds from the exercise of warrants	$ 59,500	$ 237,501
Warrant
Non-vested, Beginning balance	50,000	385,000
Exercised	(50,000)	(190,000)
Expired/Cancelled		(45,000)
Non-vested, Ending balance		50,000
Exercisable		50,000
Outstanding, Beginning balance Weighted Average Exercise Price	$ 1.19	$ 1.24
Exercised Weighted Average Exercise Price	$ 1.19	1.25
Expired/Cancelled Weighted Average Expired Price		1.25
Outstanding, Ending Balance Weighted Average Exercise Price		1.19
Exercisable, Weighted Average Exercise Price		$ 1.19

Stockholders' Equity - Restrict

Stockholders' Equity - Restricted common stock activity (Details) - Restricted common stock - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Non-vested, Beginning balance	245,252	191,855
Granted Number of shares	356,582	195,810
Vested, Number of shares	(201,742)	(142,413)
Non-vested, Ending balance	400,092	245,252
Non-vested, Beginning balance	$ 481,953	$ 394,297
Granted, Fair Value	850,996	463,994
Vested, Fair Value	(557,496)	(376,338)
Non-vested, Ending balance	$ 775,453	$ 481,953
Non-vested, Beginning Balance Weighted Average Grant Date Fair Value	$ 2.47	$ 2.51
Granted Weighted Average Grant Date Fair Value	2.39	2.37
Vested Weighted Average Grant Date Fair Value	2.51	2.37
Non-vested, Ending Balance Weighted Average Grant Date Fair Value	$ 2.38	$ 2.47

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($)			1 Months Ended								12 Months Ended
	Aug. 05, 2021	Mar. 31, 2021	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2019	Nov. 17, 2021	Feb. 09, 2021	Nov. 17, 2020	Jun. 30, 2020	Nov. 21, 2017	Nov. 10, 2016
Weighted average remaining contractual life of all options outstanding											5 years 5 months 23 days
Remaining contractual life for options vested and exercisable											5 years 3 months 10 days
Aggregate intrinsic value of options vested and exercisable			$ 966,550								$ 966,550
Granted (in shares)											307,843	575,348
Fair value of vested stock options											$ 470,615	$ 631,335
Amount of unvested compensation related to stock options			212,642				$ 340,692				212,642	340,692
Proceeds from the exercise of stock options											97,688	88,850
Fair value of vested restricted common stock											$ 557,496	$ 376,338
Stock repurchased average price per share											$ 2.34	$ 2.27
Amount of stock authorized for repurchase			$ 255,345								$ 255,345
Amount of repurchased shares			6,819	6,086	5,951	21,365	11,050	10,750	31,167	25,500	40,221	78,467
Repurchase of common stock											$ 93,918	$ 178,012
Exercise price							$ 1.19					$ 1.19
Number of shares from exercised warrants												50,000
The Plans
Vesting period											3 years
Number of year(s) cliff vesting period											1 year
Term number of years											10 years
2007 Plan
Number of shares that may be issued pursuant to awards granted			0								0
2017 Plan
Number of shares that may be issued pursuant to awards granted			3,935,596								3,935,596							1,874,513
Common Stock
Granted (in shares)											211,072	158,609
Fair value of vested stock options											$ 0	$ 0
Proceeds from the exercise of stock options											$ 97,688	$ 88,850
Number of shares available from stock options											357,079	274,520
Number of shares of restricted common stock issued											356,582	195,810
Fair value of vested restricted common stock											$ 356	$ 195
Amount of repurchased shares											40,221	78,467
Repurchase of common stock											$ 40	$ 78
Employee
Granted (in shares)											307,843	575,348
Fair value of vested stock options											$ 342,566	$ 686,461
Restricted common stock
Vesting period	3 years											3 years
Number of year(s) cliff vesting period	1 year											1 year
Number of shares of restricted common stock issued	222,334											195,810	2,277,366
Fair value of vested restricted common stock	$ 431,300											$ 463,994	$ 2,521,204
Amount recognized as expense related to stock issuance													$ 2,126,907
Balance of non-vested shares			400,092				245,252				400,092	245,252	191,855				191,855
Non-vested stock			$ 775,453				$ 481,953				$ 775,453	$ 481,953	$ 394,297				$ 394,297
Fair value of restricted common stock											$ 557,496	$ 376,338
Employee stock options
Amount of repurchased shares		243,750
Repurchase of common stock		$ 213,313
Minimum
Number of shares that may be issued pursuant to awards granted																			5,000,000
Minimum | 2017 Plan
Number of shares that may be issued pursuant to awards granted														3,374,513		2,374,513
Minimum | Restricted common stock
Stock repurchased average price per share												$ 2.13
Maximum
Number of shares that may be issued pursuant to awards granted																			7,000,000
Amount of stock authorized for repurchase															$ 400,000
Share price															$ 4
Maximum | 2017 Plan
Number of shares that may be issued pursuant to awards granted														6,874,513		3,374,513
Maximum | Restricted common stock
Stock repurchased average price per share												$ 2.49

Stockholders' Equity - Repurcha

Stockholders' Equity - Repurchases of our common stock (Details) - USD ($)	1 Months Ended								12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2022	Jun. 30, 2021
Total Number of Shares Purchased	6,819	6,086	5,951	21,365	11,050	10,750	31,167	25,500	40,221	78,467
Average Price Paid per Share	$ 1.74	$ 2.34	$ 2.24	$ 2.55	$ 2.50	$ 2.15	$ 2.21	$ 2.29	$ 2.34	$ 2.27
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs	$ 255,345	$ 267,210	$ 281,451	$ 294,782	$ 349,263	$ 376,888	$ 150,499	$ 219,379	$ 255,345	$ 349,263
Publicly Announced Plans Or Programs [Member]
Total Number of Shares Purchased	0	0	0	0	0	0	0	0	0	0

Income Taxes - Provision for in

Income Taxes - Provision for income taxes (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Current
Federal	$ 0	$ 0
State	3,820	2,319
Foreign (Mexico)	3,802	885
Deferred
Federal	0	0
Foreign	0	0
State	0	0
Provision for income tax expense	$ 7,622	$ 3,204

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of the effective income tax rate (Details)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Income Taxes
Federal income tax rate	21%	21%
State tax, net of federal benefit	5%	5%
Permanent differences	1.20%	3%
Change in valuation allowance	(27.70%)	(30.10%)
Effective income tax rate	(0.50%)	(1.10%)

Income Taxes - Significant comp

Income Taxes - Significant components of the Company's deferred tax assets and liabilities (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Deferred tax assets:
Federal net operating loss carryforward	$ 2,440,870	$ 2,344,543
State net operating loss carryforward	326,117	285,568
Intangibles amortization	156,196	156,196
Stock based compensation	1,993,124	1,762,884
Other	207,901	197,401
Total deferred tax assets	5,124,208	4,746,592
Deferred tax liability:
Fixed asset depreciation	51,094	49,487
Net deferred tax assets	5,073,114	4,697,105
Less valuation allowance	(5,073,114)	(4,697,105)
Deferred tax assets, net	$ 0	$ 0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Provision for income tax expense	$ 7,622	$ 3,204
State income tax payments	3,820	2,319
Foreign (Mexico) income tax payments	3,802	885
Increase (decrease) in valuation allowance		(379,223)
Accrued interest or penalties related to uncertain tax positions	$ 0	0
Domestic Tax Authority
Federal net operating loss carryforwards		15,040,000	$ 15,030,000
State and Local Jurisdiction
Federal net operating loss carryforwards		$ 6,420,000	$ 6,410,000
Expiration date of NOLs	Dec. 31, 2041

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)		12 Months Ended
	Aug. 05, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2019
Granted (in shares)		307,843	575,348
Fair value of vested restricted common stock		$ 557,496	$ 376,338
Restricted common stock
Vesting period	3 years		3 years
Number of shares of restricted common stock issued	222,334		195,810	2,277,366
Number of year(s) cliff vesting period	1 year		1 year
Fair value of vested restricted common stock	$ 431,300		$ 463,994	$ 2,521,204
Market price per share	$ 1.94