XML 27 R17.htm IDEA: XBRL DOCUMENT v3.23.1
Significant Accounting Policies (Tables)
9 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]
(in thousands)Three Months Ended March 31,Nine Months Ended March 31,
2023202220232022
Beginning of Period$259 $311 $332 $364 
Additions185 148 425 470
Revenue Recognized149 156 462 531 
End of Period$295 $303 $295 $303 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
For the Three Months Ended March 31,For the Nine Months Ended March 31,
2023202220232022
Numerator:
  Numerator for basic loss per share:
 Net income (loss)$585,235 $(296,016)$258,468 $(31,950)
Undeclared dividends on preferred stock13,006 13,006 38,735 39,018 
Net income (loss) applicable to common shareholders$572,229 $(309,022)$219,733 $(70,968)
Numerator for diluted earnings per share:
Net income (loss) applicable to common shareholders$572,229 $(309,022)$219,733 $(70,968)
Undeclared dividends on preferred stock13,006 — 38,735 — 
Diluted income (loss) $585,235 $(309,022)$258,468 $(70,968)
Denominator for basic earnings (loss) per share
Denominator for basic earnings (loss) per share - weighted average shares outstanding
7,415,3297,415,329 7,415,3297,415,329 
Weighted average preferred stock converted to common stock6,063,607 — 6,063,607 — 
 Denominator for diluted earnings (loss) assumed conversion13,478,936 7,415,329 13,478,936 7,415,329 
Net earnings (loss) per share:
Basic net earnings (loss) per share$0.08 $(0.04)$0.03 $(0.01)
Earnings (loss) per share$0.04 $(0.04)$0.02 $(0.01)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] The following table summarizes convertible preferred stock and securities that, if exercised would have an anti-dilutive effect on earnings per share.
For the Three Months Ended March 31,For the Nine Months Ended March 31,
2023202220232022
Stock options157,000 157,000 157,000 157,000 
Convertible preferred stock— 5,720,993 — 5,720,993 
Total potential dilutive securities not included in income per share157,000 5,877,993 157,000 5,877,993