Earnings Per Share (Tables)

9 Months Ended

Mar. 31, 2024

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed in a manner similar to that of basic earnings per share except that the weighted-average number of common shares outstanding is increased to include the number of incremental common shares that would have been outstanding under the treasury stock method if all potentially dilutive common shares (such as stock options) issued became vested during the period. There were no dilutive or anti-dilutive securities or contracts outstanding during the three and nine months ended March 31, 2024 and 2023.

	For the three months ended March 31,				For the nine months ended March 31,
	2024		2023		2024		2023

Net Income	$	5,861,000	$	8,091,000	$	18,037,000	$	24,325,000
Weighted average shares – basic		17,026,828		17,026,828		17,026,828		17,026,828
Weighted average shares - diluted		17,026,828		17,026,828		17,026,828		17,026,828

Earnings per share - basic	$	0.34	$	0.48	$	1.06	$	1.43
Earnings per share - diluted	$	0.34	$	0.48	$	1.06	$	1.43