| 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 March 31, 2019 |
|
|
For the nine months ended March 31, 2019 |
|
| |
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income available to common shareholders |
|
$ |
1,267,560 |
|
|
|
11,656,098 |
|
|
$ |
0.11 |
|
|
$ |
5,085,778 |
|
|
|
11,580,066 |
|
|
$ |
0.44 |
|
| Effect of dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock options |
|
|
- |
|
|
|
4,948 |
|
|
|
- |
|
|
|
- |
|
|
|
4,948 |
|
|
|
- |
|
| Share grants |
|
|
- |
|
|
|
30,296 |
|
|
|
- |
|
|
|
- |
|
|
|
30,296 |
|
|
|
- |
|
| Diluted income per share |
|
$ |
1,267,560 |
|
|
|
11,691,342 |
|
|
$ |
0.11 |
|
|
$ |
5,085,778 |
|
|
|
11,615,310 |
|
|
$ |
0.44 |
|
| |
|
For the three months ended March 31, 2018 |
|
|
For the nine months ended March 31, 2018 |
|
| |
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income available to common shareholders |
|
$ |
2,864,445 |
|
|
|
11,190,048 |
|
|
$ |
0.26 |
|
|
$ |
3,129,368 |
|
|
|
11,118,529 |
|
|
$ |
0.28 |
|
| Effect of dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock options |
|
|
- |
|
|
|
78,794 |
|
|
|
- |
|
|
|
- |
|
|
|
33,836 |
|
|
|
- |
|
| Diluted income per share |
|
$ |
2,864,445 |
|
|
|
11,268,842 |
|
|
$ |
0.25 |
|
|
$ |
3,129,368 |
|
|
|
11,152,365 |
|
|
$ |
0.28 |
|
|
| 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 Nine Months |
|
| |
|
Ended March 31, |
|
|
Ended March 31, |
|
| |
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Share Grants |
|
|
- |
|
|
|
243,684 |
|
|
|
- |
|
|
|
243,684 |
|
| |
|
|
- |
|
|
|
243,684 |
|
|
|
- |
|
|
|
243,684 |
|
|