Earnings (Loss) Per Share

6 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Basic earnings per share is computed by dividing net income or loss by the weighted-average number of shares of Class A common stock outstanding, during each period presented. Diluted earnings per share is computed similarly to basic earnings per share, except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue shares of Class A common stock were exercised or converted into shares of Class A common stock. The computations for basic and diluted earnings per share of Class A common stock are described in the following table:

	Three Months Ended December 31,					Six Months Ended December 31,
	2020			2019		2020			2019
Net income (loss)	$	(146,545	)	$	769,117	$	(49,477	)	$	(606,040	)
Weighted-average common shares outstanding:
Basic number of shares		26,117,239			25,837,903		26,049,750			25,832,337
Effect of dilutive securities:
Options to purchase common stock		-			-		-			-
RSUs		-			1,523,370		-			-
Diluted number of shares		26,117,239			27,361,273		26,049,750			25,832,337
Earnings (loss) per common share:
Basic	$	(0.01	)	$	0.03	$	(0.00	)	$	(0.02	)
Diluted	$	(0.01	)	$	0.03	$	(0.00	)	$	(0.02	)

The following potential dilutive shares were not included in the computation of diluted earnings per share of Class A common stock, as their effects would be anti-dilutive:

	Three Months Ended December 31,				Six Months Ended December 31,
	2020		2019		2020		2019
Options to purchase common stock		372,776		1,013,743		589,892		996,834
RSUs		2,409,499		527,416		2,368,901		1,957,189
		2,782,275		1,541,159		2,958,793		2,954,023