Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
 3 Months Ended
Sep. 30, 2024
Net income per share:  
EARNINGS PER SHARE

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 three months ended September 30, 2024  
    Net Income     Shares     Per Share  
Basic income per share:                        
Net income available to common shareholders   $ 70,795       11,429,695     $ 0.006  
Effect of dilutive securities                        
Stock options     -       53,059       -  
Diluted income per share   $ 70,795       11,482,754     $ 0.006  

 

    For the three months ended September 30, 2023  
    Net Income     Shares     Per Share  
                   
Basic income per share:                        
Net income available to common shareholders   $ 30,890       11,345,856     $ 0.003  
Effect of dilutive securities                        
Share grants     -       -       -  
Diluted income per share   $ 30,890       11,345,856     $ 0.003