BASIC AND DILUTED LOSS PER SHARE

9 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 13 – BASIC AND DILUTED LOSS PER SHARE

Basic and diluted loss per share is computed based on the weighted-average common shares and common share equivalents outstanding during the period. Common share equivalents consist of stock options, restricted stock, warrants, convertible related party notes payable, and convertible preferred stock. Common share equivalents were excluded from the computation of diluted earnings per share for the nine months ended March 31, 2024 and 2023, because their effect was anti-dilutive.

Weighted average shares of common stock outstanding used in the calculation of basic and diluted earnings per share were as follows:

	March 31,
	2024			2023
Net loss per share, basic and diluted	$	(0.00	)	$	(0.00	)
Weighted average shares outstanding:
Total weighted average common shares outstanding – basic and diluted		21,173,184,947			21,092,868,697
Antidilutive securities not included:
Stock options		-			-
Stock options arising from convertible note payable and accrued interest		-			-
Restricted stock grants		18,127,152,400			17,009,942,312
Convertible preferred stock		-			-
Total		18,127,152,400			17,009,942,312