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Income per Common and Common Stock Equivalent Share (Tables)
12 Months Ended
Jun. 30, 2023
Income per Common and Common Stock Equivalent Share [Abstract]  
Reconciliation of 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.