Income (Loss) Per Common and Common Stock Equivalent Share

9 Months Ended

Mar. 31, 2022

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 (loss) 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 (loss) per share:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Numerator
Net income (loss)	$	403,204	$	(474,168)	$	882,814	$	161,651
Denominator
Weighted average shares, basic		9,147,795		8,100,730		9,044,532		7,633,722
Dilutive effect of stock compensation awards (1)		740,288		—		979,941		1,554,280
Diluted shares		9,888,083		8,100,730		10,024,473		9,188,002
Net income (loss) attributable to common shareholders per share:
Basic	$	0.04	$	(0.06)	$	0.10	$	0.02
Diluted	$	0.04	$	(0.06)	$	0.09	$	0.02

(1) Excludes approximately 2,226,184 weighted average stock options during the three months ended March 31, 2021, as the impact of such awards was anti-dilutive. For the three and nine months ended March 31, 2022, and the nine months ended March 31, 2021, no stock options were anti-dilutive.