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Earnings (Loss) per Common Share
 9 Months Ended
Mar. 31, 2022
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, reflecting the application of the two-class method:
 Three Months Ended March 31,Nine Months Ended March 31,
 2022202120222021
Numerator    
Net income (loss) attributable to common stockholders$5,705,811 $1,191,001 $17,756,384 $(18,654,154)
Undistributed earnings allocated to unvested restricted stock(114,209)(24,114)(360,519)(35,278)
Net income (loss) for earnings per share calculation$5,591,602 $1,166,887 $17,395,865 $(18,689,432)
Denominator    
Weighted average number of common shares outstanding — Basic33,009,156 32,817,999 32,933,016 32,743,070 
Effect of dilutive securities:    
Unvested restricted stock378,88973,381324,713— 
Contingent restricted stock grants— — — — 
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share33,388,045 32,891,380 33,257,729 32,743,070 
Net earnings (loss) per common share — Basic$0.17 $0.04 $0.53 $(0.57)
Net earnings (loss) per common share — Diluted$0.17 $0.04 $0.52 $(0.57)

Unvested restricted stock (both service-based and performance-based), totaling approximately 24,000 and 17,000 for the three and nine months ended March 31, 2022, respectively, were not included in the computation of diluted earnings per common share because the effect would have been anti-dilutive.

Unvested restricted stock (both service-based and performance-based), totaling approximately 58,000 for the three months ended March 31, 2021, were not included in the computation of diluted earnings per common share because the effect would have been anti-dilutive. Unvested restricted stock (both service-based and performance-based), totaling 0.3 million for the nine months ended March 31, 2021, were not included in the computation of diluted earnings per common share because the effect would have been anti-dilutive due to the net loss.
 
In addition, unvested performance-based restricted stock and unvested contingent restricted share awards that would not meet the performance criteria as of the period end are excluded from the computation of diluted earnings per common share.