Income (Loss) Per Common and Common Stock Equivalent Share

3 Months Ended

Sep. 30, 2020

Income (Loss) Per Common and Common Stock Equivalent Share [Abstract]

Income (Loss) Per Common and Common Stock Equivalent Share

5.    INCOME (LOSS) PER COMMON AND COMMON STOCK EQUIVALENT SHARE

Basic income (loss) per share is computed based on the weighted-average number of common shares outstanding.  Diluted income per common share is calculated assuming the exercise of stock options except where the result would be anti-dilutive.  The following table reconciles the numerator and denominator used to calculate basic and diluted income per share:

	Three Months Ended September 30,
	2020		2019
Numerator
Net income (loss)	$	126,928	$	(310,749)
Denominator
Weighted average shares, basic		7,404,831		7,404,831
Dilutive effect of stock compensation awards (1)		3,854		—
Diluted shares		7,408,685		7,404,831
Net income (loss) attributable to common shareholders per share:
Basic	$	0.02	$	(0.04)
Diluted	$	0.02	$	(0.04)

(1) Excludes approximately 2,750,176 and 2,775,321 weighted average stock options for the three months ended September 30, 2020 and 2019, respectively, as the impact of such awards was anti-dilutive.