Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.19.2
Earnings Per Share (Tables)
 12 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share were as follows:

 

    For the year ended June 30, 2019  
    Net Income     Shares     Per Share  
Basic income per share:                        
Net income available to common shareholders   $ 8,583,399       11,599,290     $ 0.74  
Effect of dilutive securities                        
Stock options     -       4,418       -  
Share grants     -       18,282       -  
Diluted income per share   $ 8,583,399       11,621,990     $ 0.74  

 

    For the year ended June 30, 2018  
    Net Income     Shares     Per Share  
                         
Basic income per share:                        
Net income available to common shareholders   $ 4,306,888       11,197,319     $ 0.38  
Effect of dilutive securities                        
Stock options     -       -       -  
Share grants     -       -       -  
Diluted income per share   $ 4,306,888       11,197,319     $ 0.38