ReposiTrak (TRAK) 10-Q 15 Nov 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2021	Nov. 15, 2021
Document Information [Line Items]
Entity Central Index Key	0000050471
Entity Registrant Name	PARK CITY GROUP INC
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-34941
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	37-1454128
Entity Address, Address Line One	5282 South Commerce Drive, Suite D292
Entity Address, City or Town	Murray
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84107
City Area Code	435
Local Phone Number	645-2000
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	PCYG
Security Exchange Name	NASDAQ
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		19,399,016

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2021	Jun. 30, 2021
Cash	$ 20,431,158	$ 24,070,322
Receivables, net of allowance for doubtful accounts of $252,278 and $234,693 at September 30, 2021 and June 30, 2021, respectively	3,997,676	3,891,699
Contract asset – unbilled current portion	984,155	1,248,936
Prepaid expense and other current assets	684,310	490,817
Total Current Assets	26,097,299	29,701,774
Property and equipment, net	1,017,202	2,589,194
Other Assets:
Deposits and other assets	22,414	22,414
Prepaid expense – less current portion	34,907	47,987
Contract asset – unbilled long-term portion	291,833	408,925
Operating lease – right-of-use asset	673,319	695,371
Goodwill	20,883,886	20,883,886
Capitalized software costs, net	157,420	171,732
Total Other Assets	22,556,529	22,755,915
Total Assets	49,671,030	55,046,883
Current liabilities:
Accounts payable	371,825	467,194
Accrued liabilities	738,283	988,092
Contract liability - deferred revenue	1,758,710	1,755,341
Lines of credit	0	6,000,000
Operating lease liability - current	91,297	90,156
Total current liabilities	2,960,115	9,300,783
Long-term liabilities:
Operating lease liability – less current portion	582,022	605,214
Total liabilities	3,542,137	9,905,997
Stockholders’ equity:
Common Stock, $0.01 par value, 50,000,000 shares authorized; 19,387,552 and 19,351,935 issued and outstanding at September 30, 2021 and June 30, 2021, respectively	193,878	193,522
Additional paid-in capital	74,486,369	74,298,924
Accumulated deficit	(28,559,732)	(29,359,938)
Total stockholders’ equity	46,128,893	45,140,886
Total liabilities and stockholders’ equity	49,671,030	55,046,883
Series B Preferred Stock [Member]
Stockholders’ equity:
Preferred stock, value	6,254	6,254
Series B-1 Preferred Stock [Member]
Stockholders’ equity:
Preferred stock, value	2,124	2,124
Customer Relationships [Member]
Other Assets:
Customer relationships	$ 492,750	$ 525,600

Consolidated Condensed Balanc_2

Consolidated Condensed Balance Sheets (Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2021	Jun. 30, 2021
Allowance for Doubtful Accounts	$ 252,278	$ 234,693
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, authorized (in shares)	30,000,000	30,000,000
Preferred Stock, outstanding (in shares)	19,387,552	19,351,935
Common Stock, par (in dollars per share)	$ 0.01	$ 0.01
Common Stock, authorized (in shares)	50,000,000	50,000,000
Common Stock, issued (in shares)	19,387,552	19,351,935
Series B Preferred Stock [Member]
Preferred Stock, authorized (in shares)	700,000	700,000
Preferred Stock, issued (in shares)	625,375	625,375
Preferred Stock, outstanding (in shares)	625,375	625,375
Series B-1 Preferred Stock [Member]
Preferred Stock, authorized (in shares)	550,000	550,000
Preferred Stock, issued (in shares)	212,402	212,402
Preferred Stock, outstanding (in shares)	212,402	212,402

Consolidated Condensed Statemen

Consolidated Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Revenue	$ 4,559,677	$ 5,225,402
Operating expense:
Cost of revenue and product support	846,487	1,980,957
Sales and marketing	1,188,893	1,283,041
General and administrative	1,096,656	1,081,925
Depreciation and amortization	261,164	248,500
Total operating expense	3,393,200	4,594,423
Income from operations	1,166,477	630,979
Other income (expense):
Interest income	55,156	34,341
Interest expense	(2,898)	(70,545)
Other gain (loss)	(83,081)	0
Unrealized gain (loss) on short term investments	(149,291)	(16,263)
Income before income taxes	986,363	578,512
(Provision) for income taxes:	(39,546)	(23,686)
Net income	946,817	554,826
Dividends on preferred stock	(146,611)	(146,611)
Net income applicable to Common Stockholders	$ 800,206	$ 408,215
Weighted average shares, basic (in shares)	19,383,000	19,489,000
Weighted average shares, diluted (in shares)	19,669,000	19,642,000
Basic income per share (in dollars per share)	$ 0.04	$ 0.02
Diluted income per share (in dollars per share)	$ 0.04	$ 0.02

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income	$ 946,817	$ 554,826
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	261,164	248,500
Amortization of operating right-of-use asset	22,051	20,965
Stock compensation expense	88,246	93,432
Bad debt expense	125,000	125,000
Loss on sale of property and equipment	107,820	0
Gain on disposal of assets	(24,737)	0
(Increase) decrease in:
Accounts receivables	(258,029)	(1,154,077)
Long-term receivables, prepaid and other assets	129,335	691,245
(Decrease) increase in:
Accounts payable	(95,369)	57,515
Accrued liabilities	(165,555)	501,063
Operating lease liability	(22,051)	(20,965)
Deferred revenue	3,369	105,844
Net cash provided by operating activities	1,118,061	1,223,348
Cash flows from investing activities:
Purchase of property and equipment	0	(12,925)
Sale of property and equipment	1,374,085	0
Net cash provided by (used in) investing activities	1,374,085	(12,925)
Cash flows financing activities:
Net decrease in lines of credit	(6,000,000)	0
Common Stock buy-back	(41,276)	0
Proceeds from employee stock purchase plan	56,577	50,328
Dividends paid	(146,611)	(146,611)
Proceeds from issuance of notes payable	0	620,000
Payments on notes payable and capital leases	0	(920,754)
Net cash used in financing activities	(6,131,310)	(397,037)
Net increase (decrease) in cash and cash equivalents	(3,639,164)	813,386
Cash and cash equivalents at beginning of period	24,070,322	20,345,330
Cash and cash equivalents at end of period	20,431,158	21,158,716
Supplemental disclosure of cash flow information:
Cash paid for income taxes	172,342	25,899
Cash paid for interest	2,898	70,545
Cash paid for operating leases	$ 30,600	$ 30,600
Supplemental disclosure of non-cash investing and financing activities:
Common Stock to pay accrued liabilities (in shares)	172,500	5,405
Dividends accrued on preferred stock	$ 146,611	$ 146,611

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Preferred Stock [Member]Series B Preferred Stock [Member]	Preferred Stock [Member]Series B-1 Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Jun. 30, 2020	625,375	212,402	19,484,485
Balance at Jun. 30, 2020	$ 6,254	$ 2,124	$ 194,847	$ 75,271,097	$ (32,890,889)	$ 42,583,433
Accrued compensation (in shares)	0	0	1,302
Accrued compensation	$ 0	$ 0	$ 13	5,392	0	5,405
Employee stock plan (in shares)	0	0	13,980
Employee stock plan	$ 0	$ 0	$ 140	50,188	0	50,328
Stock buyback (in shares)	0	0	0
Stock buyback	$ 0	$ 0	$ 0	0	0	0
Preferred Dividends-Declared	0	0	0	0	(146,611)	(146,611)
Net income	$ 0	$ 0	$ 0	0	554,826	554,826
Balance (in shares) at Sep. 30, 2020	625,375	212,402	19,499,767
Balance at Sep. 30, 2020	$ 6,254	$ 2,124	$ 195,000	75,326,677	(32,482,674)	43,047,381
Balance (in shares) at Jun. 30, 2021	625,375	212,402	19,351,935
Balance at Jun. 30, 2021	$ 6,254	$ 2,124	$ 193,522	74,298,924	(29,359,938)	45,140,886
Accrued compensation (in shares)	0	0	29,316
Accrued compensation	$ 0	$ 0	$ 293	172,207	0	172,500
Employee stock plan (in shares)	0	0	13,901
Employee stock plan	$ 0	$ 0	$ 139	56,438	0	$ 56,577
Stock buyback (in shares)	0	0	(7,600)			(7,600)
Stock buyback	$ 0	$ 0	$ (76)	(41,200)	0	$ (41,276)
Preferred Dividends-Declared	0	0	0	0	(146,611)	(146,611)
Net income	$ 0	$ 0	$ 0	0	946,817	946,817
Balance (in shares) at Sep. 30, 2021	625,375	212,402	19,387,552
Balance at Sep. 30, 2021	$ 6,254	$ 2,124	$ 193,878	$ 74,486,369	$ (28,559,732)	$ 46,128,893

Note 1 - Overview of Operations

Note 1 - Overview of Operations and Basis for Presentation	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	NOTE 1. OVERVIEW OF OPERATIONS AND BASIS FOR PRESENTATION Overview Park City Group, Inc., a Nevada corporation (“ Park City Group We us our Company SaaS ReposiTrak B2B The Company’s services are grouped in three MarketPlace B2B Compliance and Food Safety Supply Chain The Company’s Supply Chain and MarketPlace services provide its customers with greater flexibility in sourcing products by enabling them to choose new suppliers and integrate them into their supply chain faster and more cost effectively, and it helps them to more efficiently manage these relationships, enhancing revenue while lowering working capital, labor costs and waste. The Company’s Compliance and Food Safety solutions help reduce a company’s potential regulatory, legal, and criminal risk from its supply chain partners by providing a way for them to ensure these suppliers are compliant with food safety regulations, such as the Food Safety Modernization Act of 2011 FSMA The Company’s services are delivered though proprietary software products designed, developed, marketed and supported by the Company. These products provide visibility and facilitate improved business processes among all key constituents in the supply chain, starting with the retailer and moving backwards to suppliers and eventually to raw material providers. The Company provides cloud-based applications and services that address e-commerce, supply chain, food safety and compliance activities. The principal customers for the Company’s products are household name multi-store food retail chains and their suppliers, branded food manufacturers, food wholesalers and distributors, and other food service businesses. The Company has a hub and spoke business model. The Company is typically engaged by retailers and wholesalers (“ Hubs Spokes The Company is incorporated in the state of Nevada and has three principal subsidiaries: PC Group, Inc., a Utah corporation (98.76% owned) (“ PCG Utah PCG Delaware Subsidiaries no The Company’s principal executive offices are located at 5282 D292, 84107. 435 645 2000. Basis of Financial Statement Presentation The interim financial information of the Company as of September 30, 2021 three September 30, 2021 June 30, 2021 U.S. GAAP 10 June 30, 2021. three September 30, 2021 not June 30, 2021. 10 June 30, 2021.

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2. SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The financial statements presented herein reflect the consolidated financial position of Park City Group, Inc. and our subsidiaries. All inter-company transactions and balances have been eliminated in consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that materially affect the amounts reported in the consolidated financial statements. Actual results could differ from these estimates. The methods, estimates, and judgments the Company uses in applying its most critical accounting policies have a significant impact on the results it reports in its financial statements. The U.S. Securities and Exchange Commission (“ SEC Revenue Recognition We recognize revenue as we transfer control of deliverables (products, solutions and services) to our customers in an amount reflecting the consideration to which we expect to be entitled. To recognize revenue, we apply the following five 1 2 3 4 5 We may may not not For performance obligations where control is transferred over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. The selection of the method to measure progress towards completion requires judgment and is based on the nature of the deliverables to be provided. Revenue related to fixed-price contracts for application development and systems integration services, consulting or other technology services is recognized as the service is performed using the output method, under which the total value of revenue is recognized based on each contract’s deliverable(s) as they are completed and when value is transferred to a customer. Revenue related to fixed-price application maintenance, testing and business process services is recognized based on our right to invoice for services performed for contracts in which the invoicing is representative of the value being delivered, in accordance with the practical expedient in ASC 606 10 55 18. If our invoicing is not 606 10 55 18. not Revenue related to our software license arrangements that do not Revenue related to transaction-based or volume-based contracts is recognized over the period the services are provided in a manner that corresponds with the value transferred to the customer to-date relative to the remaining services to be provided. From time-to-time, we may third first not, may We provide customers with assurance that the related deliverable will function as the parties intended because it complies with agreed-upon specifications. General updates or patch fixes are not Variable consideration is estimated using either the sum of probability weighted amounts in a range of possible consideration amounts (expected value), or the single most likely amount in a range of possible consideration amounts (most likely amount), depending on which method better predicts the amount of consideration to which we may not may We assess the timing of the transfer of goods or services to the customer as compared to the timing of payments to determine whether a significant financing component exists. As a practical expedient, we do not no not not Trade Accounts Receivable and Contract Balances We classify our right to consideration in exchange for deliverables as either a receivable or a contract asset (unbilled receivable). A receivable is a right to consideration that is unconditional (i.e. only the passage of time is required before payment is due). For example, we recognize a receivable for revenue related to our transaction or volume-based contracts when earned regardless of whether amounts have been billed. We present such receivables in trade accounts receivable, net in our consolidated statements of financial position at their net estimated realizable value. We maintain an allowance for doubtful accounts to provide for the estimated amount of receivables that may not A contract asset is a right to consideration that is conditional upon factors other than the passage of time. Contract assets are presented in current and other assets in our consolidated balance sheets and primarily relate to unbilled amounts on fixed-price contracts utilizing the output method of revenue recognition. The table below shows movements in contract assets: Contract assets Balance – June 30, 2021 $ 1,657,861 Revenue recognized during the period but not billed - Amounts reclassified to accounts receivable (318,296 ) Other (63,577 ) Balance – September 30, 2021 $ 1,275,988 (1) ( 1 Contract asset balances for September 30, 2021 Our contract assets and liabilities are reported at the end of each reporting period. The difference between the opening and closing balances of our contract assets and deferred revenue primarily results from the timing difference between our performance obligations and the customer’s payment. We receive payments from customers based on the terms established in our contracts, which may The table below shows movements in the deferred revenue balances (current and noncurrent) for the period: Contract liability Balance – June 30, 2021 $ 1,755,341 Amounts billed but not recognized as revenue 965,635 Revenue recognized related to the opening balance of deferred revenue (962,266 ) Other - Balance – September 30, 2021 $ 1,758,710 Our contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. The difference between the opening and closing balances of our contract assets and deferred revenue primarily results from the timing difference between our performance obligations and the customer’s payment. We receive payments from customers based on the terms established in our contracts, which may Disaggregation of Revenue The table below presents disaggregated revenue from contracts with customers by contract-type. We believe this disaggregation best depicts the nature, amount, timing and uncertainty of our revenue and cash flows that may Three Months Ended September 30 2021 2020 Chg $ Chg % Recurring - Subscription, Support and Services $ 4,405,444 $ 4,002,665 $ 402,779 10 % Non - Recurring - Services 50,900 133,149 (82,249 ) -62 % Transaction Based - Marketplace 103,333 1,089,588 (986,255 ) -91 % Total $ 4,559,677 $ 5,225,402 $ (665,725 ) -13 % Earnings Per Share Basic net income per share of Common Stock (“ Basic EPS Diluted EPS not The following table presents the components of the computation of basic and diluted earnings per share for the periods indicated: Three Months Ended September 30, 2021 2020 Numerator Net income applicable to Common Stockholders $ 800,206 $ 408,215 Denominator Weighted average Common Stock outstanding, basic 19,383,000 19,489,000 Warrants to purchase Common Stock 286,000 153,000 Weighted average Common Stock outstanding, diluted 19,669,000 19,642,000 Net income per share Basic $ 0.04 $ 0.02 Diluted $ 0.04 $ 0.02 Reclassifications Certain prior year amounts have been reclassified to conform with the current year’s presentation. These reclassifications have no

Note 3 - Equity

Note 3 - Equity	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 3. EQUITY Restricted Stock Units Restricted Stock Units Weighted Average Grant Date Fair Value ($/share) Outstanding at June 30, 2021 841,316 $ 5.34 Granted 24,752 6.06 Vested and issued (9,900 ) 6.06 Forfeited - - Outstanding at September 30, 2021 856,168 $ 5.35 As of September 30, 2021, not As of September 30, 2021, Warrants Outstanding warrants were issued in connection with private placements of the Company’s Common Stock and with the restructuring of the Series B Preferred that occurred in March 2018. September 30, 2021: Warrants Outstanding at September 30, 2021 Warrants Exercisable at September 30, 2021 Range of exercise prices Number Outstanding Weighted average remaining contractual life (years) Weighted average exercise price Number exercisable Weighted average exercise price $ 4.00 1,085,068 1.35 $ 4.00 1,085,068 $ 4.00 $ 10.00 23,737 1.32 $ 10.00 23,737 $ 10.00 1,108,805 1.35 $ 4.13 1,108,805 $ 4.13 Preferred Stock The Company’s articles of incorporation currently authorizes the issuance of up to 30,000,000 shares of ‘blank check’ preferred stock, par value $0.01 (“ Preferred Stock may Series B Preferred 1 Series B- 1 1 The Company does business with some of the largest retailers and wholesalers in the World. Management believes the Series B- 1 1 Section 4 1 Series B- 1 1 1 ten Redemption Notice As of September 30, 2021, 1 Share Repurchase Program On May 9, 2019, may not Share Repurchase Program 12b 18 On March 17, 2020, 19 On May 18, 2021, $4.0 May 18, 2021, may On August 31, 2021, September 30, 2021. may The following table provides information about repurchases of our Common Stock registered pursuant to Section 12 three September 30, 2021: Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Remaining Amount Available for Future Share Repurchases Under the Plans or Programs July 1, 2021 – September 30, 2021: 7,600 $ 5.43 718,394 $ 12,009,609 ( 1 We close our books and records on the last calendar day of each month to align our financial closing with our business processes.

Note 4 - Related Party Transact

Note 4 - Related Party Transactions	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 4. RELATED PARTY TRANSACTIONS During the three September 30, 2021, FMI September 30, 2021 June 30, 2021,

Note 5 - Recent Accounting Pron

Note 5 - Recent Accounting Pronouncements	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	NOTE 5. RECENT ACCOUNTING PRONOUNCEMENTS In August 2018, 2018 15 Intangibles Goodwill and Other Internal-Use Software (Subtopic 350 40 Customer s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract second 2020. not In August 2018, 2018 13 Fair Value Measurement (Topic 820 second 2020. not In June 2018, 2018 07 Compensation Stock Compensation (Topic 718 718 first 2020. not Effective July 1, 2019, No. 2016 02, Leases (Topic 842 ASU 2016 02 10 July 1, 2019 2016 02, not 2020. not

Note 6 - Subsequent Events

Note 6 - Subsequent Events	3 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 6. SUBSEQUENT EVENTS On October 6, 2021, Bank Revolving Credit Agreement" Addendum Note Credit Agreement September 30, 2021. January 9, 2019, March 31, 2023. In accordance with the Subsequent Events Topic of the FASB ASC 855, no

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The financial statements presented herein reflect the consolidated financial position of Park City Group, Inc. and our subsidiaries. All inter-company transactions and balances have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that materially affect the amounts reported in the consolidated financial statements. Actual results could differ from these estimates. The methods, estimates, and judgments the Company uses in applying its most critical accounting policies have a significant impact on the results it reports in its financial statements. The U.S. Securities and Exchange Commission (“ SEC
Revenue [Policy Text Block]	Revenue Recognition We recognize revenue as we transfer control of deliverables (products, solutions and services) to our customers in an amount reflecting the consideration to which we expect to be entitled. To recognize revenue, we apply the following five 1 2 3 4 5 We may may not not For performance obligations where control is transferred over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. The selection of the method to measure progress towards completion requires judgment and is based on the nature of the deliverables to be provided. Revenue related to fixed-price contracts for application development and systems integration services, consulting or other technology services is recognized as the service is performed using the output method, under which the total value of revenue is recognized based on each contract’s deliverable(s) as they are completed and when value is transferred to a customer. Revenue related to fixed-price application maintenance, testing and business process services is recognized based on our right to invoice for services performed for contracts in which the invoicing is representative of the value being delivered, in accordance with the practical expedient in ASC 606 10 55 18. If our invoicing is not 606 10 55 18. not Revenue related to our software license arrangements that do not Revenue related to transaction-based or volume-based contracts is recognized over the period the services are provided in a manner that corresponds with the value transferred to the customer to-date relative to the remaining services to be provided. From time-to-time, we may third first not, may We provide customers with assurance that the related deliverable will function as the parties intended because it complies with agreed-upon specifications. General updates or patch fixes are not Variable consideration is estimated using either the sum of probability weighted amounts in a range of possible consideration amounts (expected value), or the single most likely amount in a range of possible consideration amounts (most likely amount), depending on which method better predicts the amount of consideration to which we may not may We assess the timing of the transfer of goods or services to the customer as compared to the timing of payments to determine whether a significant financing component exists. As a practical expedient, we do not no not not
Accounts Receivable [Policy Text Block]	Trade Accounts Receivable and Contract Balances We classify our right to consideration in exchange for deliverables as either a receivable or a contract asset (unbilled receivable). A receivable is a right to consideration that is unconditional (i.e. only the passage of time is required before payment is due). For example, we recognize a receivable for revenue related to our transaction or volume-based contracts when earned regardless of whether amounts have been billed. We present such receivables in trade accounts receivable, net in our consolidated statements of financial position at their net estimated realizable value. We maintain an allowance for doubtful accounts to provide for the estimated amount of receivables that may not A contract asset is a right to consideration that is conditional upon factors other than the passage of time. Contract assets are presented in current and other assets in our consolidated balance sheets and primarily relate to unbilled amounts on fixed-price contracts utilizing the output method of revenue recognition. The table below shows movements in contract assets: Contract assets Balance – June 30, 2021 $ 1,657,861 Revenue recognized during the period but not billed - Amounts reclassified to accounts receivable (318,296 ) Other (63,577 ) Balance – September 30, 2021 $ 1,275,988 (1) ( 1 Contract asset balances for September 30, 2021 Our contract assets and liabilities are reported at the end of each reporting period. The difference between the opening and closing balances of our contract assets and deferred revenue primarily results from the timing difference between our performance obligations and the customer’s payment. We receive payments from customers based on the terms established in our contracts, which may The table below shows movements in the deferred revenue balances (current and noncurrent) for the period: Contract liability Balance – June 30, 2021 $ 1,755,341 Amounts billed but not recognized as revenue 965,635 Revenue recognized related to the opening balance of deferred revenue (962,266 ) Other - Balance – September 30, 2021 $ 1,758,710 Our contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. The difference between the opening and closing balances of our contract assets and deferred revenue primarily results from the timing difference between our performance obligations and the customer’s payment. We receive payments from customers based on the terms established in our contracts, which may
Revenue from Contract with Customer [Policy Text Block]	Disaggregation of Revenue The table below presents disaggregated revenue from contracts with customers by contract-type. We believe this disaggregation best depicts the nature, amount, timing and uncertainty of our revenue and cash flows that may Three Months Ended September 30 2021 2020 Chg $ Chg % Recurring - Subscription, Support and Services $ 4,405,444 $ 4,002,665 $ 402,779 10 % Non - Recurring - Services 50,900 133,149 (82,249 ) -62 % Transaction Based - Marketplace 103,333 1,089,588 (986,255 ) -91 % Total $ 4,559,677 $ 5,225,402 $ (665,725 ) -13 %
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share Basic net income per share of Common Stock (“ Basic EPS Diluted EPS not The following table presents the components of the computation of basic and diluted earnings per share for the periods indicated: Three Months Ended September 30, 2021 2020 Numerator Net income applicable to Common Stockholders $ 800,206 $ 408,215 Denominator Weighted average Common Stock outstanding, basic 19,383,000 19,489,000 Warrants to purchase Common Stock 286,000 153,000 Weighted average Common Stock outstanding, diluted 19,669,000 19,642,000 Net income per share Basic $ 0.04 $ 0.02 Diluted $ 0.04 $ 0.02
Reclassification [Policy Text Block]	Reclassifications Certain prior year amounts have been reclassified to conform with the current year’s presentation. These reclassifications have no

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Tables)	3 Months Ended
	Sep. 30, 2021
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Contract assets Balance – June 30, 2021 $ 1,657,861 Revenue recognized during the period but not billed - Amounts reclassified to accounts receivable (318,296 ) Other (63,577 ) Balance – September 30, 2021 $ 1,275,988 (1) Contract liability Balance – June 30, 2021 $ 1,755,341 Amounts billed but not recognized as revenue 965,635 Revenue recognized related to the opening balance of deferred revenue (962,266 ) Other - Balance – September 30, 2021 $ 1,758,710
Disaggregation of Revenue [Table Text Block]	Three Months Ended September 30 2021 2020 Chg $ Chg % Recurring - Subscription, Support and Services $ 4,405,444 $ 4,002,665 $ 402,779 10 % Non - Recurring - Services 50,900 133,149 (82,249 ) -62 % Transaction Based - Marketplace 103,333 1,089,588 (986,255 ) -91 % Total $ 4,559,677 $ 5,225,402 $ (665,725 ) -13 %
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, 2021 2020 Numerator Net income applicable to Common Stockholders $ 800,206 $ 408,215 Denominator Weighted average Common Stock outstanding, basic 19,383,000 19,489,000 Warrants to purchase Common Stock 286,000 153,000 Weighted average Common Stock outstanding, diluted 19,669,000 19,642,000 Net income per share Basic $ 0.04 $ 0.02 Diluted $ 0.04 $ 0.02

Note 3 - Equity (Tables)

Note 3 - Equity (Tables)	3 Months Ended
	Sep. 30, 2021
Notes Tables
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Restricted Stock Units Restricted Stock Units Weighted Average Grant Date Fair Value ($/share) Outstanding at June 30, 2021 841,316 $ 5.34 Granted 24,752 6.06 Vested and issued (9,900 ) 6.06 Forfeited - - Outstanding at September 30, 2021 856,168 $ 5.35
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Warrants Outstanding at September 30, 2021 Warrants Exercisable at September 30, 2021 Range of exercise prices Number Outstanding Weighted average remaining contractual life (years) Weighted average exercise price Number exercisable Weighted average exercise price $ 4.00 1,085,068 1.35 $ 4.00 1,085,068 $ 4.00 $ 10.00 23,737 1.32 $ 10.00 23,737 $ 10.00 1,108,805 1.35 $ 4.13 1,108,805 $ 4.13
Share Repurchase Program [Table Text Block]	Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Remaining Amount Available for Future Share Repurchases Under the Plans or Programs July 1, 2021 – September 30, 2021: 7,600 $ 5.43 718,394 $ 12,009,609

Note 1 - Overview of Operatio_2

Note 1 - Overview of Operations and Basis for Presentation (Details Textual)	Sep. 30, 2021
Number of Subsidiaries	3
PC Group, Inc. [Member] | UTAH
Ownership interest by parent	98.76%
Park City Group, Inc. [Member] | DELAWARE
Ownership interest by parent	100.00%
ReposiTrak [Member] | UTAH
Ownership interest by parent	100.00%

Note 2 - Significant Accounti_3

Note 2 - Significant Accounting Policies (Details Textual) - USD ($)	Sep. 30, 2021	Jun. 30, 2021
Contract with Customer, Asset, after Allowance for Credit Loss, Current, Total	$ 984,155	$ 1,248,936
Contract with Customer, Asset, after Allowance for Credit Loss, Noncurrent, Total	$ 291,833	$ 408,925

Note 2 - Significant Accounti_4

Note 2 - Significant Accounting Policies - Schedule of Changes in Contract Assets and Liabilities (Details)	3 Months Ended
	Sep. 30, 2021USD ($)
Balance	$ 1,657,861
Amounts reclassified to accounts receivable	(318,296)
Other	(63,577)
Balance	1,275,988	[1]
Balance	1,755,341
Amounts billed but not recognized as revenue	965,635
Revenue recognized related to the opening balance of deferred revenue	(962,266)
Other	0
Balance	$ 1,758,710
[1]	Contract asset balances for September 30, 2021 include a current and a long-term contract asset of $984,155 and $291,833, respectively.

Note 2 - Significant Accounti_5

Note 2 - Significant Accounting Policies - Schedule of Disaggregation of Revenue (Details) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Revenue from Contract with Customer	$ 4,559,677	$ 5,225,402
Revenue, change	$ (665,725)
Revenue, change, percent	(13.00%)
Subscription and Support [Member]
Revenue from Contract with Customer	$ 4,405,444	4,002,665
Revenue, change	$ 402,779
Revenue, change, percent	10.00%
Professional Services [Member]
Revenue from Contract with Customer	$ 50,900	133,149
Revenue, change	$ (82,249)
Revenue, change, percent	(62.00%)
Transaction Based [Member]
Revenue from Contract with Customer	$ 103,333	$ 1,089,588
Revenue, change	$ (986,255)
Revenue, change, percent	(91.00%)

Note 2 - Significant Accounti_6

Note 2 - Significant Accounting Policies - Schedule of Earnings Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Net income applicable to Common Stockholders	$ 800,206	$ 408,215	$ 800,206	$ 408,215
Weighted average Common Stock outstanding, basic (in shares)	19,383,000	19,489,000	19,383,000	19,489,000
Warrants to purchase Common Stock (in shares)			286,000	153,000
Weighted average Common Stock outstanding, diluted (in shares)	19,669,000	19,642,000	19,669,000	19,642,000
Basic (in dollars per share)	$ 0.04	$ 0.02	$ 0.04	$ 0.02
Diluted (in dollars per share)	$ 0.04	$ 0.02	$ 0.04	$ 0.02

Note 3 - Equity (Details Textua

Note 3 - Equity (Details Textual) - USD ($)	Aug. 31, 2021	Sep. 30, 2021	Aug. 18, 2021	Sep. 30, 2021	Jun. 30, 2021	May 09, 2019
Preferred Stock, Shares Authorized (in shares)		30,000,000		30,000,000	30,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)		$ 0.01		$ 0.01	$ 0.01
Stock Repurchase Program, Authorized Amount			$ 6,000,000			$ 4,000,000
Stock Repurchase Program, Period in Force (Month)			24 months
Stock Repurchase Program, Increase in Authorized Amount	$ 10,000,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 12,009,609		$ 12,009,609
Preferred Stock, Shares Outstanding, Ending Balance (in shares)		19,387,552		19,387,552	19,351,935
Blank Check [Member]
Preferred Stock, Shares Authorized (in shares)		30,000,000		30,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)		$ 0.01		$ 0.01
Series B Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)		700,000		700,000	700,000
Preferred Stock, Shares, Number (in shares)		700,000
Preferred Stock, Shares Issued, Total (in shares)		625,375		625,375	625,375
Preferred Stock, Shares Outstanding, Ending Balance (in shares)		625,375		625,375	625,375
Series B-1 Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)		550,000		550,000	550,000
Preferred Stock, Shares, Number (in shares)		550,000
Preferred Stock, Cash, Dividend Rate, Percentage		7.00%
Preferred Stock, Series B Preferred Shares, Dividend Rate, Percentage		9.00%
Preferred Stock, Redemption Price Per Share (in dollars per share)		$ 10.70		$ 10.70
Preferred Stock, Shares Issued, Total (in shares)		212,402		212,402	212,402
Preferred Stock, Shares Outstanding, Ending Balance (in shares)		212,402		212,402	212,402
Share-based Payment Arrangement, Nonemployee [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total		$ 4,600,000		$ 4,600,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				2 years 2 months 26 days
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Nonemployee [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance (in shares)		856,168		856,168
Restricted Stock Units (RSUs) [Member] | Vested and Unissued [Member] | Share-based Payment Arrangement, Nonemployee [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance (in shares)		9,288		9,288

Note 3 - Equity - Schedule of R

Note 3 - Equity - Schedule of Restricted Stock Units (Details) - Share-based Payment Arrangement, Nonemployee [Member]	3 Months Ended
	Sep. 30, 2021$ / sharesshares
Restricted Stock [Member]
Outstanding (in shares) | shares	841,316
Granted (in shares) | shares	24,752
Restricted Stock Units (RSUs) [Member]
Outstanding (in dollars per share) | $ / shares	$ 5.34
Granted (in dollars per share) | $ / shares	$ 6.06
Vested and issued (in shares) | shares	(9,900)
Vested and issued (in dollars per share) | $ / shares	$ 6.06
Forfeited (in shares) | shares	0
Forfeited (in dollars per share) | $ / shares	$ 0
Outstanding (in shares) | shares	856,168
Outstanding (in dollars per share) | $ / shares	$ 5.35

Note 3 - Equity - Schedule of W

Note 3 - Equity - Schedule of Warrants (Details)	3 Months Ended
	Sep. 30, 2021$ / sharesshares
Class of Warrant or Right, Outstanding (in shares) | shares	1,108,805
Class of Warrant or Right, Weighted Average Remaining Contractual Term (Year)	1 year 4 months 6 days
Class of Warrant or Right, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 4.13
Class of Warrant or Right, Warrants, Exercisable, Number (in shares) | shares	1,108,805
Class of Warrant or Right, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 4.13
Exercise Price, Four Dollars, Minimum [Member]
Class of Warrant or Right, Outstanding (in shares) | shares	1,085,068
Class of Warrant or Right, Weighted Average Remaining Contractual Term (Year)	1 year 4 months 6 days
Class of Warrant or Right, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 4
Class of Warrant or Right, Warrants, Exercisable, Number (in shares) | shares	1,085,068
Class of Warrant or Right, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 4
Exercise Price, Ten Dollars, Maximum [Member]
Class of Warrant or Right, Outstanding (in shares) | shares	23,737
Class of Warrant or Right, Weighted Average Remaining Contractual Term (Year)	1 year 3 months 25 days
Class of Warrant or Right, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 10
Class of Warrant or Right, Warrants, Exercisable, Number (in shares) | shares	23,737
Class of Warrant or Right, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 10

Note 3 - Equity - Share Repurch

Note 3 - Equity - Share Repurchase Program (Details)	3 Months Ended	29 Months Ended
	Sep. 30, 2021USD ($)$ / sharesshares	Sep. 30, 2021USD ($)shares
Total number of shares purchased (in shares) | shares	7,600	718,394
Average price paid per share (in dollars per share) | $ / shares	$ 5.43
Amount available for future share repurchases under the plans or programs | $	$ 12,009,609	$ 12,009,609

Note 4 - Related Party Transa_2

Note 4 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Fields Management Service Agreement [Member]
Due to Related Parties, Total	$ 0	$ 0

Note 6 - Subsequent Events (Det

Note 6 - Subsequent Events (Details Textual) - Revolving Credit Facility [Member] - USD ($) $ in Millions	Oct. 06, 2021	Jan. 09, 2019
Line of Credit Facility, Maximum Borrowing Capacity		$ 6
Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 10