6. EARNINGS (LOSS) PER SHARE

6 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share are computed using the weighted average number of shares outstanding during the period. Diluted earnings per share represent basic earnings per share adjusted to include the potentially dilutive effect of outstanding stock options.

For the three and six months ended December 31, 2017, we were in a net loss position and have excluded 399,000 stock options from the calculation of diluted net loss per shares because these securities are anti-dilutive. The weighted average number of shares outstanding used to compute earnings (loss) per share is as follows:

	Three Months ended December 31,					Six Months Ended December 31,
	2017			2016		2017			2016
Net income (loss) attributable to Parent Company	$	(731,010	)	$	525,338	$	(1,168,302	)	$	787,879
Weighted-average shares of common stock outstanding:
Basic shares outstanding		10,520,203			10,495,994		10,520,203			10,483,870
Dilutive effect of common stock equivalents arising from stock options		–			258,579		–			258,579
Diluted shares outstanding		10,520,203			10,754,573		10,520,203			10,742,449
Basic earnings (loss) per share	$	(0.07	)	$	0.05	$	(0.11	)	$	0.08
Diluted earnings (loss) per share	$	(0.07	)	$	0.05	$	(0.11	)	$	0.07