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Net Income Per Share (Tables)
12 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted income (loss) per share
The following table sets forth the computation of basic and diluted net income per share:
 
June 30,
 
2020
 
2019
Numerator
 
 
 
Net income attributable to common shareholders
$
5,937,072

 
$
15,377,066

Denominator
 
 
 
Weighted average number of common shares – Basic
33,031,149

 
33,160,283

Effect of dilutive securities:
 
 
 
Contingent restricted stock grants
1,942

 
9,435

Weighted average number of common shares and dilutive potential common shares used in diluted EPS
33,033,091

 
33,169,718

Net income per common share – Basic
$
0.18

 
$
0.46

Net income per common share – Diluted
$
0.18

 
$
0.46


Outstanding Potential Dilutive Securities
Weighted
Average
Exercise Price
 
Outstanding at
June 30, 2020
Contingent Restricted Stock grants
$

 
200,000


Schedule of outstanding potentially dilutive securities
Outstanding Potential Dilutive Securities
Weighted
Average
Exercise Price
 
Outstanding at
June 30, 2020
Contingent Restricted Stock grants
$

 
200,000


Outstanding Potential Dilutive Securities
Weighted
Average
Exercise Price
 
Outstanding at
June 30, 2019
Contingent Restricted Stock grants
$

 
10,156