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EARNINGS PER SHARE
 9 Months Ended
Mar. 31, 2025
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

March 31, 2025

  

For the nine months ended

March 31, 2025

 
   Net Income   Shares   Per Share   Net Income   Shares   Per Share 
Basic income per share:                              
Net income available to common shareholders  $1,423,968    11,683,408   $0.12   $347,721    11,531,365   $0.03 
Effect of dilutive securities                              
Stock options   -    -    -    -    -    - 
Diluted income per share  $1,423,968    11,683,408   $0.12   $347,721    11,531,365   $0.03 

 

  

For the three months ended

March 31, 2024

  

For the nine months ended

March 31, 2024

 
   Net Income   Shares   Per Share   Net Income   Shares   Per Share 
                         
Basic income per share:                              
Net income available to common shareholders  $327,549    11,390,888   $0.03   $766,755    11,369,778   $0.07 
Effect of dilutive securities                              
Stock options   -    39,605    -    -    39,605    - 
Diluted income per share  $327,549    11,430,493   $0.03   $766,755    11,409,383   $0.07