EARNINGS (LOSS) PER SHARE

9 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE 7 – EARNINGS (LOSS) PER SHARE

For the three and nine months ended March 31, 2022, we were in a net loss position and have excluded 861,001 stock options from the calculation of diluted net loss per share because these securities are anti-dilutive. For the three and nine months ended March 31, 2021, we have calculated the dilutive effect of common stock arising from 485,000 stock options.

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

	Three Months ended March 31,					Nine Months Ended March 31,
	2022			2021		2022			2021
Net (loss) income attributable to Parent Company	$	(770,818	)	$	3,938,553	$	(3,060,020	)	$	17,715,524
Weighted-average shares of common stock outstanding:
Basic shares outstanding		11,594,280			11,581,629		11,593,857			11,271,168
Dilutive effect of common stock equivalents arising from stock options		–			210,663		–			210,662
Diluted shares outstanding		11,594,280			11,792,292		11,593,857			11,481,830
Basic (loss) income per share	$	(0.07	)	$	0.34	$	(0.26	)	$	1.57
Diluted (loss) income per share	$	(0.07	)	$	0.33	$	(0.26	)	$	1.54