(Loss) Income Per Common and Common Stock Equivalent Share

9 Months Ended

Mar. 31, 2021

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

(Loss) Income Per Common and Common Stock Equivalent Share

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

Basic (loss) income per share is computed based on the weighted-average number of common shares outstanding.  Diluted (loss) 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 (loss) income per share:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Numerator
Net (loss) income	$	(474,168)	$	(97,373)	$	161,651	$	(623,835)
Denominator
Weighted average shares, basic		8,100,730		7,404,831		7,633,722		7,404,831
Dilutive effect of stock compensation awards (1)		—		—		1,554,280		—
Diluted shares		8,100,730		7,404,831		9,188,002		7,404,831
Net (loss) income attributable to common shareholders per share:
Basic	$	(0.06)	$	(0.01)	$	0.02	$	(0.08)
Diluted	$	(0.06)	$	(0.01)	$	0.02	$	(0.08)

(1) Excludes approximately 2,226,184 and 2,802,765weighted average stock options for the three months ended March 31, 2021 and 2020, respectively, as the impact of such awards was anti-dilutive. For the nine months ended March 31, 2021 and 2020,  0 and 2,807,002 weighted average stock options were excluded, respectively.