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Earnings (Loss) Per Share

6 Months Ended

Dec. 31, 2023

Earnings (Loss) Per Share

Earnings (loss) Per Share

10. Earnings (Loss) Per Share

Basic earnings (loss) 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 (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 of Class A common stock are described in the following table:

		Three Months Ended December 31,								Six Months Ended December 31,
		2023				2022				2023				2022
Net loss		$	(1,713,663	)		$	(694,061	)		$	(3,056,039	)		$	(2,074,761	)
Weighted-average common shares outstanding:
Basic number of shares			37,501,683				27,172,226				37,466,714				27,121,583
Effect of dilutive securities:
Options to purchase common stock			-				-				-				-
RSUs and RSAs			-				-				-				-
Diluted number of shares			37,501,683				27,172,226				37,466,714				27,121,583
Loss per common share:
Basic		$	(0.05	)		$	(0.03	)		$	(0.08	)		$	(0.08	)
Diluted		$	(0.05	)		$	(0.03	)		$	(0.08	)		$	(0.08	)

The following potential dilutive shares were not included in the computation of diluted earnings (loss) per share of Class A common stock, as their effects would be anti-dilutive:

		Three Months Ended December 31,								Six Months Ended December 31,
		2023				2022				2023				2022
Options to purchase common stock			534,462				534,462				534,462				534,462
RSUs and RSAs			1,704,638				2,248,789				1,695,723				2,154,939
			2,239,100				2,783,251				2,230,185				2,689,401

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-3

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