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Stockholders' Equity | 12 Months Ended
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Jun. 30, 2020
Equity [Abstract] |
Stockholders' Equity | Note 15. Stockholders' Equity Reservation of Shares The Company has reserved common shares for future issuance as follows as of June 30, 2020:
Stock options outstanding |  |  | 276,712 |
Stock options available for issuance |  |  | 253,348 |
Number of common shares reserved |  |  | 530,060 |
The following table sets forth the reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for continuing operations for the years ended June 30:
|  | 2020 |  |  | 2019 |
Numerator: |  |  |  |  |  |
Net income |  | $ | 1,163,668 |  |  | $ | 2,342,694 |
Denominator: |  |  |  |  |  |  |  |
Basic EPS: |  |  |  |  |  |  |  |
Common shares outstanding, beginning of period |  |  | 2,401,213 |  |  |  | 2,387,124 |
Unearned ESOP shares |  |  | (14,166 | ) |  |  | (29,166 | )
Weighted average common shares issued during the period |  |  | 2,161 |  |  |  | 9,708 |
Weighted average common shares purchased during the period |  |  | (1,332 | ) |  |  | (362 | )
Weighted average ESOP shares earned during the period |  |  | 5,331 |  |  |  | 5,641 |
Denominator for basic earnings per common shares – |  |  |  |  |  |  |  |
Weighted average common shares |  |  | 2,393,207 |  |  |  | 2,372,945 |
Diluted EPS: |  |  |  |  |  |  |  |
Common shares outstanding, beginning of period |  |  | 2,401,213 |  |  |  | 2,387,124 |
Unearned ESOP shares |  |  | (14,166 | ) |  |  | (29,166 | )
Weighted average common shares issued during the period |  |  | 2,161 |  |  |  | 9,708 |
Weighted average common shares purchased during the period |  |  | (1,332 | ) |  |  | (362 | )
Weighted average ESOP shares earned during the period |  |  | 5,331 |  |  |  | 5,641 |
Weighted average dilutive effect of stock options |  |  | 3,411 |  |  |  | 16,283 |
Denominator for diluted earnings per common shares – |  |  |  |  |  |  |  |
Weighted average common shares |  |  | 2,396,618 |  |  |  | 2,389,228 |
Not included in this computation of earnings per share for the year ended June 30, 2020 and 2019 were options to purchase 276,712 and 196,039 shares, respectively, of the Company’s common stock. These options were excluded because their inclusion would have been anti-dilutive due to the average strike price exceeding the average market price of those shares. The Company paid regular cash dividends on common stock of $1.00 per share for the fiscal year ended June 30, 2020 and paid regular cash dividends on common stock of $1.00 per share and a special cash dividend of $1.00 per share for the fiscal year ended June 30, 2019. The Board of Directors has authorized the payment of a fiscal year 2021 first quarter regular dividend of $0.25 payable October 14, 2020 to shareholders of record on October 5, 2020. Our Board of Directors assesses the Company’s dividend policy periodically. There is no assurance that the Board of Directors will maintain the amount of the regular cash dividend or declare a special dividend during any future years.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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