Note 6 - (Loss) Income Per Common and Common Stock Equivalent Share

3 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

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 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:

	Three Months Ended September 30,
	2019			2018*
Numerator
Net (loss) income	$	(310,749	)	$	41,570
Denominator
Weighted average shares, basic		7,404,831			7,389,751
Dilutive effect of stock compensation awards		-			94,115
Diluted shares		7,404,831			7,483,866
Net (loss) income attributable to common shareholders per share:
Basic	$	(0.04	)	$	0.01
Diluted	$	(0.04	)	$	0.01

*As adjusted for change in accounting principle (Note

2

)