(LOSS) EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

(LOSS) EARNINGS PER SHARE

NOTE 7 – (LOSS) EARNINGS PER SHARE

We report (loss) earnings per share in accordance with ASC 260, “Earnings Per Share.” Basic (loss) earnings per share are computed using the weighted average number of shares outstanding during the period. Diluted (loss) earnings per share represent basic earnings per share adjusted to include the potentially dilutive effect of outstanding stock options by using the treasury stock method that the proceeds we receive from an in-the-money option exercise are used towards repurchasing common shares in the market.

For the years ended June 30, 2023, and 2022, we were in a net loss position and have excluded 647,001 and 766,001 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 loss per share is as follows:

	Year Ended June 30,
	2023			2022
Net loss attributable to Parent Company	$	(2,863,021	)	$	(3,762,848	)
Weighted-average shares of common stock outstanding:
Basic		11,736,609			11,613,812
Dilutive effect of common stock equivalents arising from stock options		–			–
Diluted Outstanding shares		11,736,609			11,613,812
Basic loss per share attributable to Parent Company stockholders	$	(0.24	)	$	(0.32	)
Diluted loss per share attributable to Parent Company stockholders	$	(0.24	)	$	(0.32	)