Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.10.0.1
Earnings Per Share (Tables)
12 Months Ended
Jun. 30, 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 year ended June 30, 2018  
    Net Income     Shares     Per Share  
Basic income per share:                  
Net income available to common shareholders   $ 4,306,888       11,197,319     $ 0.38  
Effect of dilutive securities                        
Stock options     -       -       -  
Diluted income per share   $ 4,306,888       11,197,319     $ 0.38  

 

      For the year ended June 30, 2017  
      Net Loss       Shares       Per Share  
Basic loss per share:                        
Net loss available to common shareholders   $ (4,978,030 )     10,912,284     $ (0.46 )
Effect of dilutive securities                        
Stock options     -       -       -  
Diluted loss per share   $ (4,978,030 )     10,912,284     $ (0.46 )

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

As of June 30, 2018 and 2017, 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 Year  
    Ended June 30,  
    2018     2017  
             
Stock Options     -       475,133  
Share Grants     155,648       449,950  
      155,648       925,083