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Earnings (Loss) Per Share

6 Months Ended

Dec. 31, 2019

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,
	2019		2018		2019			2018

Net income (loss)	$	769,117	$	16,276	$	(606,040	)	$	(566,615	)

Weighted-average common shares outstanding:
Basic number of shares		25,837,903		25,781,941		25,832,337			25,777,330

Effect of dilutive securities:
Options to purchase common stock		-		133,471		-			-
RSUs		1,523,370		1,481,827		-			-
Diluted number of shares		27,361,273		27,397,239		25,832,337			25,777,330

Earnings (loss) per common share:
Basic	$	0.03	$	0.00	$	(0.02	)	$	(0.02	)
Diluted	$	0.03	$	0.00	$	(0.02	)	$	(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,
	2019		2018		2019		2018
Options to purchase common stock		1,013,743		875,085		996,834		1,006,348
RSUs		527,416		274,334		1,957,189		1,702,757
		1,541,159		1,149,419		2,954,023		2,709,105