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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net income $ 67,411 $ 21,969
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (recovery of) doubtful accounts 42,938 (3,653)
Depreciation of equipment and leasehold improvements 125,748 131,359
Stock-based compensation expense 96,801 83,041
Deferred income taxes 0 58,846
Change in cash surrender value of life insurance (24,449) (172,382)
Change in deferred revenue (113,104) (95,002)
Change in deferred compensation accrual 43,988 45,906
Deferred compensation paid 37,500 37,500
Net changes in operating assets and liabilities (see note 11) 505,956 64,259
Cash provided by operating activities 707,789 96,843
Investing activities:    
Purchase of equipment and leasehold improvements (14,790) (157,242)
Life insurance premiums paid (122,754) (130,736)
Cash (used in) investing activities (137,544) (287,978)
Financing activities:    
Proceeds from exercise of stock options 46,677 0
Cash provided by financing activities 46,677 0
Net increase (decrease) in cash and cash equivalents 616,922 (191,135)
Cash and cash equivalents at beginning of period 1,081,533 432,283
Cash and cash equivalents at end of period $ 1,698,455 $ 241,148