Basis of Presentation, Organization and Business and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Schedule of number of weighted average common shares used in the calculation of Basic EPS and Diluted EPS

The following table sets forth the reconciliation of weighted average shares outstanding and diluted weighted average shares outstanding:

	For the three months ended				For the nine months ended
	March 31,				March 31,
	2019		2018		2019		2018
Basic weighted average shares outstanding		9,390,665		9,028,506		9,245,879		8,999,938
Dilutive effect of resticted stock awards
(participating securities)		—		373,200		—		—
Denominator for basic earnings per share		9,390,665		9,401,706		9,245,879		8,999,938
Dilutive effect of stock options		—		174,238		—		—
Diluted weighted average shares outstanding		9,390,665		9,575,944		9,245,879		8,999,938