Earnings (Loss) Per Share

12 Months Ended

Jun. 30, 2022

Earnings (Loss) Per Share

Earnings (Loss) Per Share

10. Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of Class A common stock outstanding during each period presented. Diluted earnings (loss) per share is computed similarly to basic earnings (loss) 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 are described in the following table:

	Year Ended June 30,
	2022			2021
Net loss	$	(3,542,181	)	$	(3,185,251	)
Weighted-average common shares outstanding:
Basic number of shares		27,019,534			26,314,025
Effect of dilutive securities:
Options to purchase common stock		-			-
RSUs		-			-
Diluted number of shares		27,019,534			26,314,025
Loss per common share:
Basic	$	(0.13	)	$	(0.12	)
Diluted	$	(0.13	)	$	(0.12	)

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

	Year Ended June 30,
	2022		2021
Options to purchase common stock		445,397		490,703
RSUs		1,944,737		2,220,710
		2,390,134		2,711,413