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Earnings (Loss) Per Share

6 Months Ended

Dec. 31, 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 presented in the following table:

	Three Months Ended December 31,				Six Months Ended December 31,
	2018		2017		2018			2017

Net income (loss)	$	16,276	$	423,350	$	(566,615	)	$	641,046

Weighted-average common shares outstanding:
Basic number of shares		25,781,941		24,525,839		25,777,330			24,380,448

Effect of dilutive securities:
Options to purchase common stock		133,471		408,494		-			385,424
RSUs		1,481,827		1,397,866		-			1,376,887
Common stock warrants		-		105,160		-			184,000
Diluted number of shares		27,397,239		26,437,359		25,777,330			26,326,759

Earnings (loss) per common share:
Basic	$	0.00	$	0.02	$	(0.02	)	$	0.03
Diluted	$	0.00	$	0.02	$	(0.02	)	$	0.02

The following potential weighted-average 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,
	2018		2017		2018		2017

Options to purchase common stock		875,085		696,811		1,006,348		714,710
RSUs		274,334		213,288		1,702,757		183,081
Common stock warrants		—		83,589		—		154,590
		1,149,419		993,688		2,709,105		1,052,381