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Earnings Per Share (Tables)
12 Months Ended
Jun. 30, 2019
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, 2019 
   Net Income   Shares   Per Share 
Basic income per share:               
Net income available to common shareholders  $8,583,399    11,599,290   $0.74 
Effect of dilutive securities               
Stock options   -    4,418    - 
Share grants   -    18,282    - 
Diluted income per share  $8,583,399    11,621,990   $0.74 

 

   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   -    -    - 
Share grants   -    -    - 
Diluted income per share  $4,306,888    11,197,319   $0.38