NETSOL Technologies, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Jun. 30, 2021

NOTE 4 – EARNINGS PER SHARE

Basic earnings per share are computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards.

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

	For the year ended June 30, 2021
	Net Income		Shares		Per Share
Basic income per share:
Net income available to common shareholders	$	1,778,257		11,499,983	$	0.15
Effect of dilutive securities
Share grants		-		-		-
Diluted income per share	$	1,778,257		11,499,983	$	0.15

	For the year ended June 30, 2020
	Net Income		Shares		Per Share

Basic income per share:
Net income available to common shareholders	$	937,081		11,734,648	$	0.08
Effect of dilutive securities
Share grants		-		49,766		-
Diluted income per share	$	937,081		11,784,414	$	0.08