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Earnings Per Share (Tables) | 12 Months Ended
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Jun. 30, 2019
Earnings Per Share [Abstract] |
Schedule of Components of Basic and Diluted Earnings Per Share | The components of basic and diluted earnings per share were as follows:
|  | For the year ended June 30, 2019 |
|  | Net Income |  |  | Shares |  |  | Per Share |
Basic income per share: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 8,583,399 |  |  |  | 11,599,290 |  |  | $ | 0.74 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | - |  |  |  | 4,418 |  |  |  | - |
Share grants |  |  | - |  |  |  | 18,282 |  |  |  | - |
Diluted income per share |  | $ | 8,583,399 |  |  |  | 11,621,990 |  |  | $ | 0.74 |
|  | For the year ended June 30, 2018 |
|  | Net Income |  |  | Shares |  |  | Per Share |
Basic income per share: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to common shareholders |  | $ | 4,306,888 |  |  |  | 11,197,319 |  |  | $ | 0.38 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | - |  |  |  | - |  |  |  | - |
Share grants |  |  | - |  |  |  | - |  |  |  | - |
Diluted income per share |  | $ | 4,306,888 |  |  |  | 11,197,319 |  |  | $ | 0.38 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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