Earnings Per Share

3 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

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 September 30, 2018
	Net Income		Shares		Per Share
Basic income per share: Net income available to common shareholders	$	962,589		11,502,616	$	0.08
Effect of dilutive securities Share grants		-		5,114		-
Diluted income per share	$	962,589		11,507,730	$	0.08

	For the three months ended September 30, 2017
	Net Loss			Shares		Per Share
Basic loss per share: Net loss available to common shareholders	$	(369,498	)		11,099,113	$	(0.03	)
Effect of dilutive securities Stock options		-			-		-
Diluted loss per share	$	(369,498	)		11,099,113	$	(0.03	)

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
	Ended September 30,
	2018		2017
Stock Options		53,462		438,360
Share Grants		-		348,228
		53,462		786,588