Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

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EARNINGS PER SHARE
9 Months Ended
Mar. 31, 2025
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

March 31, 2025

   

For the nine months ended

March 31, 2025

 
    Net Income     Shares     Per Share     Net Income     Shares     Per Share  
Basic income per share:                                                
Net income available to common shareholders   $ 1,423,968       11,683,408     $ 0.12     $ 347,721       11,531,365     $ 0.03  
Effect of dilutive securities                                                
Stock options     -       -       -       -       -       -  
Diluted income per share   $ 1,423,968       11,683,408     $ 0.12     $ 347,721       11,531,365     $ 0.03  

 

   

For the three months ended

March 31, 2024

   

For the nine months ended

March 31, 2024

 
    Net Income     Shares     Per Share     Net Income     Shares     Per Share  
                                     
Basic income per share:                                                
Net income available to common shareholders   $ 327,549       11,390,888     $ 0.03     $ 766,755       11,369,778     $ 0.07  
Effect of dilutive securities                                                
Stock options     -       39,605       -       -       39,605       -  
Diluted income per share   $ 327,549       11,430,493     $ 0.03     $ 766,755       11,409,383     $ 0.07