Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.3.1.900
Earnings Per Share
6 Months Ended
Dec. 31, 2015
Net income (loss) per common share  
Earnings Per Share

NOTE 3 – 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, warrants, and stock awards.

 

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

 

    For the three months ended December 31, 2015     For the six months ended December 31, 2015  
    Net Income     Shares     Per Share     Net Income     Shares     Per Share  
Basic income per share:                                                
Net income available to common shareholders   $ 875,065       10,308,186     $ 0.08     $ 464,037       10,294,760     $ 0.05  
Effect of dilutive securities                                                
Stock options     -       237,618       -       -       237,618       -  
Warrants     -       3,118       -       -       3,118       -  
Diluted income per share   $ 875,065       10,548,922     $ 0.08     $ 464,037       10,535,496     $ 0.04  

 

    For the three months ended December 31, 2014     For the six months ended December 31, 2014  
    Net Loss     Shares     Per Share     Net Loss     Shares     Per Share  
Basic loss per share:                                                
Net loss available to common shareholders   $ (1,367,166 )     9,654,334     $ (0.14 )   $ (3,205,195 )     9,433,829     $ (0.34 )
Effect of dilutive securities                                                
Stock options             -       -       -       -       -  
Warrants             -       -       -       -       -  
Diluted loss per share   $ (1,367,166 )     9,654,334     $ (0.14 )   $ (3,205,195 )     9,433,829     $ (0.34 )

 

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 Six Months  
    Ended December 31,     Ended December 31,  
    2015     2014     2015     2014  
                         
Stock Options     -       727,462       -       727,462  
Warrants     -       163,124       -       163,124  
      -       890,586       -       890,586