Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.20.1
Earnings Per Share (Tables)
9 Months Ended
Mar. 31, 2020
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 March 31, 2020     For the nine months ended March 31, 2020  
    Net Income     Shares     Per Share     Net Loss     Shares     Per Share  
Basic income (loss) per share:                                                
Net income (loss) available to common shareholders   $ 1,000,807       11,753,063     $ 0.09     $ (241,165 )     11,713,827     $ (0.02 )
Effect of dilutive securities                                                
Stock options     -       -       -       -       -       -  
Share grants     -       -       -       -       -       -  
Diluted income (loss) per share   $ 1,000,807       11,753,063     $ 0.09     $ (241,165 )     11,713,827     $ (0.02 )

 

    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       -       -       5,686       -  
Share grants     -       30,296       -       -       -       -  
Diluted income per share   $ 1,267,560       11,691,342     $ 0.11     $ 5,085,778       11,585,752     $ 0.44  

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,  
    2020     2019     2020     2019  
                         
Share Grants     101,790       -       101,790       -  
      101,790       -       101,790       -