Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.8.0.1
Earnings Per Share (Tables)
9 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
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