| Schedule of Components of Basic and Diluted Earnings Per Share |
The components of basic and diluted earnings per share were as follows:
| |
|
For the three months ended December 31, 2018 |
|
|
For the six months ended December 31, 2018 |
|
| |
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income available to common shareholders |
|
$ |
2,855,629 |
|
|
|
11,586,507 |
|
|
$ |
0.25 |
|
|
$ |
3,818,218 |
|
|
|
11,542,877 |
|
|
$ |
0.33 |
|
| Effect of dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock options |
|
|
- |
|
|
|
5,686 |
|
|
|
- |
|
|
|
- |
|
|
|
5,686 |
|
|
|
- |
|
| Diluted income per share |
|
$ |
2,855,629 |
|
|
|
11,592,193 |
|
|
$ |
0.25 |
|
|
$ |
3,818,218 |
|
|
|
11,548,563 |
|
|
$ |
0.33 |
|
| |
|
For the three months ended December 31, 2017 |
|
|
For the six months ended December 31, 2017 |
|
| |
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income available to common shareholders |
|
$ |
634,421 |
|
|
|
11,159,075 |
|
|
$ |
0.06 |
|
|
$ |
264,923 |
|
|
|
11,115,346 |
|
|
$ |
0.02 |
|
| Effect of dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock options |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
12,468 |
|
|
|
- |
|
| Diluted income per share |
|
$ |
634,421 |
|
|
|
11,159,075 |
|
|
$ |
0.06 |
|
|
$ |
264,923 |
|
|
|
11,127,814 |
|
|
$ |
0.02 |
|
|
| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The following potential dilutive shares were
excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive.
| |
|
For the Three Months |
|
|
For the Six Months |
|
| |
|
Ended December 31, |
|
|
Ended December 31, |
|
| |
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Share Grants |
|
|
126,083 |
|
|
|
285,956 |
|
|
|
126,083 |
|
|
|
285,956 |
|
| |
|
|
126,083 |
|
|
|
285,956 |
|
|
|
126,083 |
|
|
|
285,956 |
|
|