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Earnings (Loss) Per Share
 3 Months Ended
Sep. 30, 2021
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
September 30,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Net income (loss)

 

$(632,097)

 

$97,068

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding:

 

 

 

 

 

 

 

 

Basic number of shares

 

 

26,993,971

 

 

 

25,982,260

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Options to purchase common stock

 

 

-

 

 

 

289,506

 

RSUs

 

 

-

 

 

 

2,160,509

 

Diluted number of shares

 

 

26,993,971

 

 

 

28,432,275

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per common share:

 

 

 

 

 

 

 

 

Basic

 

$(0.02)

 

$0.00

 

Diluted

 

$(0.02)

 

$0.00

 

  

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,

 

 

 

2021

 

 

2020

 

Options to purchase common stock

 

 

427,726

 

 

 

517,502

 

RSUs

 

 

1,738,439

 

 

 

166,794

 

 

 

 

2,166,165

 

 

 

684,296