Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.20.4
Earnings Per Share (Tables)
6 Months Ended
Dec. 31, 2020
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 December 31, 2020     For the six months ended December 31, 2020  
    Net Loss     Shares     Per Share     Net Income     Shares     Per Share  
Basic income (loss) per share:                                    
Net income (loss) available to common shareholders   $ (242,104 )     11,580,030     $ (0.02 )   $ 475,450       11,683,631     $ 0.04  
Effect of dilutive securities                                                
Share grants     -       -       -       -       -       -  
Diluted income (loss) per share   $ (242,104 )     11,580,030     $ (0.02 )   $ 475,450       11,683,631     $ 0.04  

 

    For the three months ended December 31, 2019     For the six months ended December 31, 2019  
    Net Income     Shares     Per Share     Net Loss     Shares     Per Share  
                                     
Basic income (loss) per share:                                                
Net income (loss) available to common shareholders   $ 585,975       11,724,606     $ 0.05     $ (1,241,972 )     11,694,423     $ (0.11 )
Effect of dilutive securities                                                
Share grants     -       -       -       -       -       -  
Diluted income (loss) per share   $ 585,975       11,724,606     $ 0.05     $ (1,241,972 )     11,694,423     $ (0.11 )
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,  
    2020     2019     2020     2019  
                         
Stock Options     -       40,386       -       40,386  
Share Grants     41,112       119,921       41,112       119,921  
      41,112       160,307       41,112       160,307