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Earnings (Loss) Per Share
 12 Months Ended
Jun. 30, 2024
Earnings (Loss) Per Share  
Earnings (Loss) Per Share

11. Earnings (Loss) Per Share

 

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of Class A common stock outstanding during each period presented. Diluted earnings (loss) per share is computed similarly to basic earnings (loss) 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 are described in the following table:

 

 

 

Year Ended

June 30,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Net loss

 

$(8,007,346)

 

$(4,046,871)

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding:

 

 

 

 

 

 

 

 

Basic number of shares

 

 

37,944,935

 

 

 

31,637,445

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Options to purchase common stock

 

 

-

 

 

 

-

 

RSUs and RSAs

 

 

-

 

 

 

-

 

Diluted number of shares

 

 

37,944,935

 

 

 

31,637,445

 

 

 

 

 

 

 

 

 

 

Loss per common share:

 

 

 

 

 

 

 

 

Basic

 

$(0.21)

 

$(0.13)

Diluted

 

$(0.21)

 

$(0.13)

 

The following weighted-average potential dilutive shares were not included in the computation of diluted earnings per share, as their effects would be anti-dilutive:

 

 

 

Year Ended

June 30,

 

 

 

2024

 

 

2023

 

Options to purchase common stock

 

 

540,604

 

 

 

534,462

 

RSUs and RSAs

 

 

1,249,336

 

 

 

2,013,276

 

 

 

 

1,789,940

 

 

 

2,547,738