Earnings Per Share

9 Months Ended

Mar. 31, 2016

Note (2) - Earnings Per Share: Basic and diluted earnings per share for the nine and three months ended March 31, 2016 and 2015 are computed as follows:

	For the nine months ended March 31,				For the three months ended March 31,
	2016 (Unaudited)		2015 (Unaudited)		2016 (Unaudited)		2015 (Unaudited)

Net earnings	$	1,309,958	$	1,380,334	$	773,753	$	431,961
Weighted average shares outstanding		7,033,732		7,033,732		7,033,732		7,033,732
Basic and fully diluted earnings per share	$	.19	$	.20	$	.11	$	.06

At March 31, 2016 and 2015, and for the periods then ended, there were no options to purchase shares of the Company's common stock or other dilutive securities of the Company and, therefore, diluted earnings per share is the same as basic earnings per share.