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Earnings (Loss) per Common Share

9 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Earnings (Loss) per Common Share

Earnings (Loss) per Common Share

The following table sets forth the computation of basic and diluted earnings (loss) per common share:

			Three Months Ended March 31,												Nine Months Ended March 31,
			2021						2020						2021						2020
Numerator
Net income (loss) attributable to common stockholders			$	1,191,001					$	3,710,159					$	(18,654,154)					$	8,267,897
Denominator
Weighted average number of common shares — Basic			33,496,372						33,052,162						33,184,041						33,055,861
Effect of dilutive securities:
Contingent restricted stock grants			—						—						—						2,585
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share			33,496,372						33,052,162						33,184,041						33,058,446
Net earnings (loss) per common share — Basic			$	0.04					$	0.11					$	(0.56)					$	0.25
Net earnings (loss) per common share — Diluted			$	0.04					$	0.11					$	(0.56)					$	0.25

Outstanding Potentially Dilutive Securities			Weighted Average Exercise Price						Outstanding at March 31, 2021
Contingent Restricted Stock grants			$	—					323,080

Outstanding Potentially Dilutive Securities						Weighted Average Exercise Price						Outstanding at March 31, 2020
Contingent Restricted Stock grants						$	—					200,000

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- References

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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=6371337&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=6371337&loc=d3e3630-109257

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