Note 1 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2019

Balance, July 1, 2017	$	8,191
Effect of exchange rate changes		89
Balance, June 30, 2018	$	8,280
Effect of exchange rate changes		(227	)
Balance, June 30, 2019	$	8,053

	As of June 30,
	2019			2018
Deferred professional services	$	1,522		$	885
Deferred license		292			305
Deferred support		1,234			590
Deposits		721			1,146
Deferred other revenue		139			105
Total deferred revenues		3,908			3,031

Less deferred revenues, current		(2,344	)		(1,885	)
Deferred revenues, non-current	$	1,564		$	1,146

	For the years ended June 30,
	2019		2018
Numerator:
Net income	$	3,713	$	3,210

Denominator:
Basic weighted-average shares outstanding		12,150		11,849
Effect of dilutive securities		58		57
Diluted weighted-average diluted shares		12,208		11,906
Earnings per share attributed to common stockholders - basic	$	0.31	$	0.27
Earnings per share attributed to common stockholders - diluted	$	0.30	$	0.27

	June 30,		Topic			July 1,
	2018		606			2018
ASSETS
Accounts receivable, net	$	5,010	$	64		$	5,074
Prepaid expenses and other current assets	$	1,270	$	94		$	1,364
Total Current Assets	$	10,621	$	158		$	10,779
Software development costs, net	$	8,889	$	516		$	9,405
Deferred income taxes	$	1,251	$	121		$	1,372
Other long-term assets	$	545	$	41		$	586
TOTAL ASSETS	$	30,634	$	836		$	31,470

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current portion of deferred revenues	$	1,885	$	556		$	2,441
Income tax payable	$	669	$	272		$	941
Total Current Liabilities	$	9,940	$	828		$	10,768
Deferred revenues, net of current portion	$	1,146	$	(213	)	$	933
Total Liabilities	$	17,114	$	616		$	17,730
Stockholders' Equity
Retained earnings	$	2,003	$	220		$	2,223
Total Stockholders' Equity	$	13,520	$	220		$	13,740
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	30,634	$	836		$	31,470

	As Reported Under Topic 606		Adjustments			Balances Under Prior GAAP
ASSETS
Accounts receivable, net	$	4,984	$	(108	)	$	4,876
Prepaid expenses and other current assets	$	1,573	$	(110	)	$	1,463
Total Current Assets	$	12,237	$	(218	)	$	12,019
Software development costs, net	$	9,487	$	(678	)	$	8,809
Deferred income taxes	$	1,372	$	120		$	1,492
Other long-term assets	$	475	$	(43	)	$	432
TOTAL ASSETS	$	32,519	$	(819	)	$	31,700

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current portion of deferred revenues	$	2,344	$	(18	)	$	2,326
Income tax payable	$	592	$	(65	)	$	527
Total Current Liabilities	$	9,650	$	(83	)	$	9,567
Deferred revenues, net of current portion	$	1,564	$	(482	)	$	1,082
Deferred income taxes	$	742	$	17		$	759
Total Liabilities	$	14,982	$	(548	)	$	14,434

Retained earnings	$	5,936	$	(271	)	$	5,665
Total Stockholders’ Equity	$	17,537	$	(271	)	$	17,266
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	32,519	$	(819	)	$	31,700

	As Reported Under Topic 606			Adjustments			Balances Under Prior GAAP
Net revenues	$	37,714		$	(59	)	$	37,655
Cost of revenues		16,743			(6	)		16,737
Gross Profit		20,971			(53	)		20,918

Total Operating Expenses		16,030			-			16,030

Operating Income		4,941			(53	)		4,888

Other Income (Expense)
Interest expense, net		(366	)		(15	)		(381	)
Total other expense, net		(366	)		(15	)		(381	)

Income before provision for income taxes		4,575			(68	)		4,507

Provision for income taxes		862			(17	)		845

Net Income	$	3,713		$	(51	)	$	3,662

Earnings per share attributed to common stockholders – basic	$	0.31		$	(0.01	)	$	0.30
Earnings per share attributed to common stockholders – diluted	$	0.30		$	-		$	0.30

Net Income	$	3,713		$	(51	)	$	3,662
Foreign currency translation gain		(534	)		-			(534	)
Total Comprehensive Income	$	3,179		$	(51	)	$	3,128

	As Reported Under Topic 606			Adjustments			Balances Under Prior GAAP
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	3,713		$	(51	)	$	3,662
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income taxes	$	(9	)	$	(225	)	$	(234	)
Changes in assets and liabilities:
Accounts receivable	$	(288	)	$	44		$	(244	)
Prepaid expenses and other assets	$	(126	)	$	22		$	(104	)
Income tax payable	$	(336	)	$	202		$	(134	)
Deferred revenues	$	590		$	(155	)	$	435
NET CASH PROVIDED BY OPERATING ACTIVITIES	$	4,547		$	(163	)	$	4,384

CASH FLOWS FROM INVESTING ACTIVITIES:
Capitalized software development costs	$	(567	)	$	163		$	(404	)
NET CASH USED IN INVESTING ACTIVITIES	$	(673	)	$	163		$	(510	)
Cash and cash equivalents at end of period	$	5,508		$	-		$	5,508

MAM SOFTWARE GROUP, INC. 10-K/A