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EARNINGS PER SHARE
 3 Months Ended
Sep. 30, 2024
Net income per share:  
EARNINGS PER SHARE

NOTE 4 – 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 three months ended September 30, 2024 
   Net Income   Shares   Per Share 
Basic income per share:               
Net income available to common shareholders  $70,795    11,429,695   $0.006 
Effect of dilutive securities               
Stock options   -    53,059    - 
Diluted income per share  $70,795    11,482,754   $0.006 

 

   For the three months ended September 30, 2023 
   Net Income   Shares   Per Share 
             
Basic income per share:               
Net income available to common shareholders  $30,890    11,345,856   $0.003 
Effect of dilutive securities               
Share grants   -    -    - 
Diluted income per share  $30,890    11,345,856   $0.003