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EARNINGS PER SHARE
 12 Months Ended
Jun. 30, 2024
Net income (loss) per share:  
EARNINGS PER SHARE

NOTE 5 – EARNINGS PER SHARE

 

Basic earnings per share are computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards.

 

The components of basic and diluted earnings per share were as follows:

 

   For the year ended June 30, 2024 
   Net Income   Shares   Per Share 
Basic income (loss) per share:               
Net income (loss) available to common shareholders  $683,873    11,378,595   $0.06 
Effect of dilutive securities               
Stock options   -    43,345    - 
Diluted income (loss) per share  $683,873    11,421,940   $0.06 

 

   For the year ended June 30, 2023 
   Net Loss   Shares   Per Share 
             
Basic income (loss) per share:               
Net income (loss) available to common shareholders  $(5,243,748)   11,279,966   $(0.46)
Effect of dilutive securities               
Share grants   -    -    - 
Diluted income (loss) per share  $(5,243,748)   11,279,966   $(0.46)