NOTE 6 LOSS PER SHARE

The loss per share for the years ended June 30, 2020 and 2019, respectively, was computed on the weighted average of outstanding common shares during the year as follows:


	2020		2019
Net Loss	$	(146,049)	$	(35,062)

Preferred Dividend Requirements:
6% Prior Cumulative Preferred, $5 Par Value		60,000		60,000
5% Convertible Cumulative Preferred, $20 Par Value		68,072		68,072
Total Dividend Requirements		128,072		128,072
Net Loss - Common Stockholders	$	(274,121)	$	(163,134)


	2020		2019
Weighted Average of Shares - Basic		969,834		969,834
Dilutive Effect of Contingently Issuable Shares		1,033,334		1,033,334
Weighted Average Shares – Diluted	$	2,003,168	$	2,003,168

Basic Loss per Share	$	(0.28)	$	(0.17)

Diluted Loss per Share	$	(0.28)	$	(0.17)

Contingently issuable shares were not included in the 2020 and 2019 diluted earnings per common share as they would have an antidilutive effect upon earnings per share.