EARNINGS (LOSS) PER SHARE

9 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE 7 – EARNINGS (LOSS) PER SHARE

For the three months ended March 31, 2023, we have calculated the dilutive effect of common stock arising from 649,001 stock options and excluded these securities from the calculation of diluted net income per share as they are anti-dilutive. For the nine months ended March 31, 2023, we were in a net loss position and have excluded 649,001 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, 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.

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,
	2023		2022			2023			2022
Net income (loss) attributable to Parent Company	$	247,629	$	(770,818	)	$	(1,257,686	)	$	(3,060,020	)
Weighted-average shares of common stock outstanding:
Basic shares outstanding		11,784,280		11,594,280			11,720,776			11,593,857
Dilutive effect of common stock equivalents arising from stock options		–		–			–			–
Diluted shares outstanding		11,784,280		11,594,280			11,720,776			11,593,857
Basic (loss) income per share	$	0.02	$	(0.07	)	$	(0.11	)	$	(0.26	)
Diluted (loss) income per share	$	0.02	$	(0.07	)	$	(0.11	)	$	(0.26	)