Earnings (Loss) Per Share

9 Months Ended

Mar. 31, 2022

Earnings (Loss) Per Share

9. Earnings (loss) Per Share

9. 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 (loss) per share of Class A common stock are described in the following table:

	Three Months Ended March 31,						Nine Months Ended March 31,
	2022			2021			2022			2021
Net loss	$	(495,003	)	$	(222,564	)	$	(2,182,391	)	$	(272,041	)
Weighted-average common shares outstanding:
Basic number of shares		27,033,578			26,366,651			27,011,943			26,153,839
Effect of dilutive securities:
Options to purchase common stock		-			-			-			-
RSUs		-			-			-			-
Diluted number of shares		27,033,578			26,366,651			27,011,943			26,153,839
Loss per common share:
Basic	$	(0.02	)	$	(0.01	)	$	(0.08	)	$	(0.01	)
Diluted	$	(0.02	)	$	(0.01	)	$	(0.08	)	$	(0.01	)

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 March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Options to purchase common stock		414,664		364,536		420,835		515,870
RSUs		2,077,780		2,255,487		1,904,081		2,331,648
		2,492,444		2,620,023		2,324,916		2,847,518