| 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
March 31, 2017
|
|
|
For the nine months ended
March 31, 2017
|
|
| |
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
|
Net Loss |
|
|
Shares |
|
|
Per Share |
|
| Basic income (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) available to common shareholders |
|
$ |
699,968 |
|
|
|
10,987,214 |
|
|
$ |
0.06 |
|
|
$ |
(1,854,537 |
) |
|
|
10,850,538 |
|
|
$ |
(0.17 |
) |
| Effect of dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock options |
|
|
- |
|
|
|
134,406 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted income (loss) per share |
|
$ |
699,968 |
|
|
|
11,121,620 |
|
|
$ |
0.06 |
|
|
$ |
(1,854,537 |
) |
|
|
10,850,538 |
|
|
$ |
(0.17 |
) |
| |
|
For the three months ended
March 31, 2016
|
|
|
For the nine months ended
March 31, 2016
|
|
| |
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income available to common shareholders |
|
$ |
849,479 |
|
|
|
10,427,664 |
|
|
$ |
0.08 |
|
|
$ |
1,313,516 |
|
|
|
10,338,740 |
|
|
$ |
0.13 |
|
| Effect of dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock options |
|
|
- |
|
|
|
212,674 |
|
|
|
- |
|
|
|
- |
|
|
|
212,674 |
|
|
|
- |
|
| Warrants |
|
|
- |
|
|
|
3,141 |
|
|
|
- |
|
|
|
- |
|
|
|
3,141 |
|
|
|
- |
|
| Diluted income per share |
|
$ |
849,479 |
|
|
|
10,643,479 |
|
|
$ |
0.08 |
|
|
$ |
1,313,516 |
|
|
|
10,554,555 |
|
|
$ |
0.12 |
|
|