7. EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 7 - EARNINGS PER SHARE

We report earnings per share in accordance with ASC 260, “Earnings 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 year ended June 30, 2018, we were in a net loss position and have excluded 299,000 stock options from the calculation of diluted net loss per shares because theses securities are anti-dilutive.

The weighted average number of shares outstanding used to compute earnings (loss) per share is as follows:

	Year Ended June 30,
	2018			2017
Net income (loss) attributable to Parent Company	$	(2,092,457	)	$	873,960
Weighted-average shares of common stock outstanding:
Basic		10,538,610			10,501,730
Dilutive effect of common stock equivalents arising from stock options		–			159,170
Diluted Outstanding shares		10,538,610			10,660,900
Basic earnings (loss) per share	$	(0.20	)	$	0.08
Diluted earnings (loss) per share	$	(0.20	)	$	0.08