Balance Sheet Disclosures
|6 Months Ended|
Dec. 31, 2019
|Balance Sheet Disclosures [Abstract]|
|Balance Sheet Disclosures||
Note 3 - Balance Sheet Disclosures
Prepaid expenses and other current assets consist of the following:
At December 31, 2019, approximately $277,000 of software and technology prepaid expenses was related to a contract with a cloud software company specializing in business intelligence. The balance will be amortized over one year.
As of December 31, 2019, approximately $181,000 of professional services prepaid expenses related to the contract with the State of Utah. These costs will be deferred and recognized at the same time as the related revenue is recognized, under the matching principle.
Accrued liabilities consist of the following:
The accrued compensation as of June 30, 2019 includes approximately $215,000 of accrued bonus earned by the Company's Chief Executive Officer with respect to fiscal year 2019. The balance was paid in October, 2019.
At December 31, 2019, the Company accrued $500,000 in fees related to deal costs for the Solo acquisition (Note 8).