| Earnings Per Share |
NOTE 4 – EARNINGS PER SHARE
Basic earnings per share are computed based on the
weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted
average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury
stock method. Dilutive potential common shares include outstanding stock options and stock awards.
The components of basic and diluted earnings per share were as follows:
| |
|
For the three months ended
March 31, 2021 |
|
|
For the nine months ended
March 31, 2021 |
|
| |
|
Net Loss |
|
|
Shares |
|
|
Per Share |
|
|
Net Loss |
|
|
Shares |
|
|
Per Share |
|
| Basic loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss available to common shareholders |
|
$ |
(623,231 |
) |
|
|
11,343,406 |
|
|
$ |
(0.05 |
) |
|
$ |
(147,781 |
) |
|
|
11,571,878 |
|
|
$ |
(0.01 |
) |
| Effect of dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Share grants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(623,231 |
) |
|
|
11,343,406 |
|
|
$ |
(0.05 |
) |
|
$ |
(147,781 |
) |
|
|
11,571,878 |
|
|
$ |
(0.01 |
) |
| |
|
For the three months ended
March 31, 2020 |
|
|
For the nine months ended
March 31, 2020 |
|
| |
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
|
Net Loss |
|
|
Shares |
|
|
Per Share |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic income (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) available to common shareholders |
|
$ |
1,000,807 |
|
|
|
11,753,063 |
|
|
$ |
0.09 |
|
|
$ |
(241,165 |
) |
|
|
11,713,827 |
|
|
$ |
(0.02 |
) |
| Effect of dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Share grants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted income (loss) per share |
|
$ |
1,000,807 |
|
|
|
11,753,063 |
|
|
$ |
0.09 |
|
|
$ |
(241,165 |
) |
|
|
11,713,827 |
|
|
$ |
(0.02 |
) |
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, |
|
| |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Share Grants |
|
|
30,699 |
|
|
|
101,790 |
|
|
|
30,699 |
|
|
|
101,790 |
|
| |
|
|
30,699 |
|
|
|
101,790 |
|
|
|
30,699 |
|
|
|
101,790 |
|
|