Income per Common and Common Stock Equivalent Share

12 Months Ended

Jun. 30, 2023

Income per Common and Common Stock Equivalent Share [Abstract]

Income per Common and Common Stock Equivalent Share

11.    INCOME PER COMMON AND COMMON STOCK EQUIVALENT SHARE

Basic income 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:

		Year Ended
	2023		2022
Numerator
Net income	$	8,302,380	$	1,268,409
Denominator
Weighted average shares, basic		9,192,799		9,070,277
Dilutive effect of stock compensation awards (1)		560,961		915,385
Diluted shares		9,753,760		9,985,662
Net income attributable to common shareholders per share:
Basic	$	0.90	$	0.14
Diluted	$	0.85	$	0.13

(1) No exercised stock options were anti-dilutive for the years ended June 20, 2023 and 2022.