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Earnings (Loss) Per Share

3 Months Ended

Sep. 30, 2018

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 September 30,
	2018			2017

Net income (loss)	$	(581,891	)	$	217,695

Weighted-average common shares outstanding:
Basic number of shares		25,772,718			24,235,058

Effect of dilutive securities:
Options to purchase common stock		-			366,179
RSUs		-			1,362,049
Common stock warrants		-			258,302
Diluted number of shares		25,772,718			26,221,588

Earnings (loss) per common share:
Basic	$	(0.02	)	$	0.01
Diluted	$	(0.02	)	$	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 September 30,
	2018		2017

Options to purchase common stock		1,004,140		728,784
RSUs		1,649,353		146,733
Common stock warrants		-		230,129
		2,653,493		1,105,646