LOSS PER SHARE

12 Months Ended

Jun. 30, 2019

LOSS PER SHARE

LOSS PER SHARE

NOTE 6        LOSS PER SHARE

The loss per share for the years ended June 30, 2019 and 2018, respectively, was computed on the weighted average of outstanding common shares during the year as follows:

	2019		2018
Net Loss	$	(35,062)	$	(245,241)
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	$	(163,134)	$	(373,313)

	2019		2018
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	$	(0.17)	$	(0.38)
Diluted Loss per Share	$	(0.17)	$	(0.38)