Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
 12 Months Ended
Jun. 30, 2024
Net income (loss) per share:  
EARNINGS PER SHARE

NOTE 5 – 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, 2024  
    Net Income     Shares     Per Share  
Basic income (loss) per share:                        
Net income (loss) available to common shareholders   $ 683,873       11,378,595     $ 0.06  
Effect of dilutive securities                        
Stock options     -       43,345       -  
Diluted income (loss) per share   $ 683,873       11,421,940     $ 0.06  

 

    For the year ended June 30, 2023  
    Net Loss     Shares     Per Share  
                   
Basic income (loss) per share:                        
Net income (loss) available to common shareholders   $ (5,243,748 )     11,279,966     $ (0.46 )
Effect of dilutive securities                        
Share grants     -       -       -  
Diluted income (loss) per share   $ (5,243,748 )     11,279,966     $ (0.46 )