Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.6.0.2
Earnings Per Share (Tables)
6 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Components of Basic and Diluted Earnings Per Share

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

 

    For the three months ended
December 31, 2016
    For the six months ended
December 31, 2016
 
    Net Loss     Shares     Per Share     Net Loss     Shares     Per Share  
Basic loss per share:                                                
Net loss available to common shareholders   $ (985,676 )     10,877,446     $ (0.09 )   $ (2,751,395 )     10,783,685     $ (0.26 )
Effect of dilutive securities                                                
Stock options     -       -       -       -       -       -  
Warrants     -       -       -       -       -       -  
Diluted loss per share   $ (985,676 )     10,877,446     $ (0.09 )   $ (2,751,395 )     10,783,685     $ (0.26 )

 

    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  

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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,  
    2016     2015     2016     2015  
Stock Options     480,133       -       480,133       -  
Warrants     11,075       -       11,075       -  
      491,208       -       491,208       -