6. EARNINGS (LOSS) PER SHARE

6 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE 6 – 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, 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 these securities are anti-dilutive. The weighted average number of shares outstanding used to compute loss per share is as follows:

	Three Months ended December 31,					Six Months Ended December 31,
	2019		2018			2019		2018
Net income (loss) attributable to Parent Company	$	580,878	$	(515,379	)	$	834,816	$	(336,645	)
Weighted-average shares of common stock outstanding:
Basic shares outstanding		10,570,203		10,570,203			10,570,203		10,570,203
Dilutive effect of common stock equivalents arising from stock options		137,825		–			137,825		–
Diluted shares outstanding		10,708,028		10,570,203			10,708,028		10,570,203
Basic income (loss) per share	$	0.05	$	(0.05	)	$	0.08	$	(0.03	)
Diluted income (loss) per share	$	0.05	$	(0.05	)	$	0.08	$	(0.03	)