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Earnings (Loss) Per Share

6 Months Ended

Dec. 31, 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 December 31,								Six Months Ended December 31,
		2021				2020				2021				2020
Net loss		$	(1,055,291	)		$	(146,545	)		$	(1,687,388	)		$	(49,477	)
Weighted-average common shares outstanding:
Basic number of shares			27,008,748				26,117,239				27,001,360				26,049,750
Effect of dilutive securities:
Options to purchase common stock			-				-				-				-
RSUs			-				-				-				-
Diluted number of shares			27,008,748				26,117,239				27,001,360				26,049,750
Loss per common share:
Basic		$	(0.04	)		$	(0.01	)		$	(0.06	)		$	(0.00	)
Diluted		$	(0.04	)		$	(0.01	)		$	(0.06	)		$	(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 December 31,								Six Months Ended December 31,
		2021				2020				2021				2020
Options to purchase common stock			420,767				372,276				423,853				589,892
RSUs			1,102,803				2,409,499				1,819,119				2,368,901
			1,523,570				2,781,775				2,242,972				2,958,793

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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