(Loss) Income per Common and Common Stock Equivalent Share

6 Months Ended

Dec. 31, 2023

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

(Loss) Income per Common and Common Stock Equivalent Share

6. (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 December 31,				Six Months Ended December 31,
	2023		2022		2023		2022
Numerator
Net (loss) income	$	(269,153)	$	(1,146,190)	$	(526,762)	$	8,803,532
Denominator
Weighted average shares, basic		9,241,208		9,186,208		9,238,002		9,171,746
Dilutive effect of stock compensation awards (1)		—		—		—		645,652
Diluted shares		9,241,208		9,186,208		9,238,002		9,817,398
Net (loss) income attributable to common shareholders per share:
Basic	$	(0.03)	$	(0.12)	$	(0.06)	$	0.96
Diluted	$	(0.03)	$	(0.12)	$	(0.06)	$	0.90

(1) Excludes 713,846, 743,465, and 590,046 weighted average stock options during the three and six months ended December 31, 2023 and the three months ended December 31, 2022, respectively, as the impact of such awards was anti-dilutive. For the six months ended December 31, 2022, no stock options were anti-dilutive.