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Note 3. Summary of Significant Accounting policies (Tables)
9 Months Ended
Mar. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The following table summarizes securities that, if exercised would have an anti-dilutive effect on earnings per share.
 
For the three-month period ended March 31,
 
For the nine-month period ended March 31,
 
2018
 
2017
 
2018
 
2017
Stock options
367,500

 
502,000

 
367,500

 
502,000

Preferred stock
2,150,000

 

 

 

Total potential dilutive securities not included in income per share
2,517,500

 
502,000

 
367,500

 
502,000

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the computation of basic and diluted net (loss) income per share:
 
For the three-month period ended March 31,
 
For the nine-month period ended March 31,
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
  Numerator for basic earnings per share
 
 
 
 
 
 
 
 Net income (loss)
$
(119,076
)
 
$
(106,856
)
 
$
531,623

 
$
(567,345
)
Undeclared dividends on preferred stock
6,503

 

 
6,503

 

Net income(loss) applicable to common shareholders
$
(125,579
)
 
$
(106,856
)
 
$
525,120

 
$
(567,345
)
  Numerator for diluted earnings per share:
 
 
 
 
 
 
 
Net income (loss) applicable to common shareholders
(125,579
)
 
(106,856
)
 
525,120

 
(567,345
)
Undeclared dividends on preferred stock
6,503

 

 
6,503

 

Net income (loss)
(119,076
)
 
(106,856
)
 
531,623

 
(567,345
)
Denominator:
 
 
 
 
 
 
 
  Denominator for basic earnings per share - weighted average shares outstanding
7,551,430

 
7,551,430

 
7,551,430

 
7,551,430

Weighted average preferred stock converted to common stock

 

 
716,667

 

 Denominator for diluted earnings per share - weighted average and assumed conversion
7,551,430

 
7,551,430

 
8,268,097

 
7,551,430

 
 
 
 
 
 
 
 
Net income (loss) per share
 
 
 
 
 
 
 
Basic net loss (income) per share
$
(0.02
)
 
$
(0.01
)
 
$
0.07

 
$
(0.08
)
Diluted net loss (income) per share
$
(0.02
)
 
$
(0.01
)
 
$
0.06

 
$
(0.08
)