Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.19.3.a.u2
Earnings Per Share (Tables)
6 Months Ended
Dec. 31, 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 three months ended

December 31, 2019

   

For the six months ended

December 31, 2019

 
    Net Income     Shares     Per Share     Net Loss     Shares     Per Share  
Basic income (loss) per share:                                                
Net income (loss) available to common shareholders   $ 585,975       11,724,606     $ 0.05     $ (1,241,972 )     11,694,423     $ (0.11 )
Effect of dilutive securities                                                
Stock options     -       -       -       -       -       -  
Diluted income (loss) per share   $ 585,975       11,724,606     $ 0.05     $ (1,241,972 )     11,694,423     $ (0.11 )

 

   

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  

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,  
    2019     2018     2019     2018  
                         
Stock Options     40,386       126,083       40,386       126,083  
Share Grants     119,921       -       119,921       -  
      160,307       126,083       160,307       126,083