EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 7 – EARNINGS PER SHARE

For the three months ended September 30, 2021, we were in a net loss position and have excluded 477,001 stock options from the calculation of diluted net loss per share because these securities are anti-dilutive. For the three months ended September 30, 2020, we have calculated the diluted effect of common stock arising from 537,291 stock options.

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

	Three Months Ended September 30,
	2021			2020
Net (loss) income attributable to Parent Company	$	(1,103,605	)	$	6,920,360
Weighted-average shares of common stock outstanding:
Basic shares outstanding		11,593,006			10,666,059
Dilutive effect of common stock equivalents arising from stock options		–			151,991
Diluted shares outstanding		11,593,006			10,818,050
Basic (loss) earnings per share	$	(0.10	)	$	0.65
Diluted (loss) earnings per share	$	(0.10	)	$	0.64