Note 10 - Income (Loss) Per Common and Common Stock Equivalent Share

12 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

10. 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.  The weighted-average number of common shares outstanding was

7,401,030

 for the year ended 

June 30,

2019

and

7,382,706

 for the year ended

June 30,

2018

.  Diluted income (loss) per common share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding assuming dilution.  The difference between basic and diluted income(loss) per share is the result of the dilutive effect of outstanding stock options.  For the years ended

June 30,

 

2019

and

2018

 there were

2,523,513

 and

2,405,000

 shares of common stock underlying options and warrants, respectively, excluded due to these instruments being anti-dilutive.