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

6 Months Ended

Dec. 31, 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 December 31,					Six Months Ended December 31,
	2019			2018*		2019			2018*
Numerator
Net (loss) income	$	(215,713	)	$	103,149	$	(526,462	)	$	144,719
Denominator
Weighted average shares, basic		7,404,831			7,404,831		7,404,831			7,397,291
Dilutive effect of stock compensation awards		-			8,560		-			26,226
Diluted shares		7,404,831			7,413,391		7,404,831			7,423,517
Net (loss) income attributable to common shareholders per share:
Basic	$	(0.03	)	$	0.01	$	(0.07	)	$	0.02
Diluted	$	(0.03	)	$	0.01	$	(0.07	)	$	0.02

*As adjusted for change in accounting principle (Note

2

)