| 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 |
|
|