| Schedule of 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, 2018
|
|
|
For the nine months ended
March 31, 2018
|
|
| |
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income available to common shareholders |
|
$ |
2,864,445 |
|
|
|
11,190,048 |
|
|
$ |
0.26 |
|
|
$ |
3,129,368 |
|
|
|
11,118,529 |
|
|
$ |
0.28 |
|
| Effect of dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock options |
|
|
- |
|
|
|
78,794 |
|
|
|
- |
|
|
|
- |
|
|
|
33,836 |
|
|
|
- |
|
| Diluted income per share |
|
$ |
2,864,445 |
|
|
|
11,268,842 |
|
|
$ |
0.25 |
|
|
$ |
3,129,368 |
|
|
|
11,152,365 |
|
|
$ |
0.28 |
|
| |
|
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 |
) |
|
| 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 Nine Months |
|
| |
|
Ended March 31, |
|
|
Ended March 31, |
|
| |
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Stock Options |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
480,133 |
|
| Share Grants |
|
|
243,684 |
|
|
|
542,361 |
|
|
|
243,684 |
|
|
|
542,361 |
|
| |
|
|
243,684 |
|
|
|
542,361 |
|
|
|
243,684 |
|
|
|
1,022,494 |
|
|