Dividend record date

[Table of Contents](#i3e760ad3c5f94c5892b7ddc949ade806_7)

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Year Ended |
|  | June 30, 2020 |
|  | Core |  | Payments |  | Complementary |  | Corporate and Other |  | Total |
| REVENUE |  |  |  |  |  |  |  |  |  |
| Services and Support | $ | 529,997  |  |  | $ | 66,920  |  |  | $ | 401,639  |  |  | $ | 52,895  |  |  | $ | 1,051,451  |  |
| Processing | 31,372  |  |  | 530,773  |  |  | 82,507  |  |  | 964  |  |  | 645,616  |  |
| Total Revenue | 561,369  |  |  | 597,693  |  |  | 484,146  |  |  | 53,859  |  |  | 1,697,067  |  |
|  |  |  |  |  |  |  |  |  |  |
| Cost of Revenue | 240,492  |  |  | 319,739  |  |  | 203,963  |  |  | 244,270  |  |  | 1,008,464  |  |
| Research and Development |  |  |  |  |  |  |  |  | 109,988  |  |
| Selling, General, and Administrative |  |  |  |  |  |  |  |  | 197,988  |  |
|  |  |  |  |  |  |  |  |  |  |
| Total Expenses |  |  |  |  |  |  |  |  | 1,316,440  |  |
|  |  |  |  |  |  |  |  |  |  |
| SEGMENT INCOME | $ | 320,877  |  |  | $ | 277,954  |  |  | $ | 280,183  |  |  | $ | (190,411) |  |  |  |
|  |  |  |  |  |  |  |  |  |  |
| OPERATING INCOME |  |  |  |  |  |  |  |  | 380,627  |  |
|  |  |  |  |  |  |  |  |  |  |
| INTEREST INCOME (EXPENSE) |  |  |  |  |  |  |  |  | 449  |  |
|  |  |  |  |  |  |  |  |  |  |
| INCOME BEFORE INCOME TAXES |  |  |  |  |  |  |  |  | $ | 381,076  |  |

  
The Company has not disclosed any additional asset information by segment, as the information is not produced internally and its preparation is impracticable.  
  
NOTE 15. SUBSEQUENT EVENTSSale of FacilityOn August 12, 2022, the Company closed on the sale of its San Diego, CA, facility that was committed to during the quarter ended March 31, 2022. The sales price of the facility was $27,500, and proceeds after selling costs were received on the date of closing. The facility sale included assets with a carrying value of approximately $20,201 that were reported as assets held for sale by the Company at June 30, 2022 (see Note 5). The Company expects to recognize a gain on the sale of approximately $6,000 during the first quarter of fiscal 2023.DividendOn August 22, 2022, the Company's Board of Directors declared a cash dividend of $0.49 per share on its common stock, payable on September 29, 2022 to stockholders of record on September 9, 2022.AcquisitionWe have entered into a definitive agreement to acquire Payrailz, LLC. We anticipate the transaction closing on August 31, 2022. In connection with the closing, we expect to amend the revolving credit facility to increase the borrowing limit to allow funding of the transaction.59
