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Income (Loss) Per Common and Common Stock Equivalent Share
 12 Months Ended
Jun. 30, 2021
Income (Loss) Per Common and Common Stock Equivalent Share [Abstract]  
Income (Loss) Per Common and Common Stock Equivalent Share 10.    INCOME (LOSS) PER COMMON AND COMMON STOCK EQUIVALENT SHARE

 

Basic income (loss) per share is computed based on the weighted-average number of common shares outstanding.  Diluted income (loss) per common share is calculated assuming the exercise of stock options except where the result would be anti-dilutive. The following table reconciles the numerator and denominator used to calculate basic and diluted income per share:

 

Year Ended

2021

2020

Numerator

Net income (loss)

$

493,594

$

(465,597)

Denominator

Weighted average shares, basic

7,864,688

7,404,831

Dilutive effect of stock compensation awards (1)

1,774,585

-

Diluted shares

9,639,273

7,404,831

Net income (loss) attributable to common shareholders per share:

Basic

$

0.06

$

(0.06)

Diluted

$

0.05

$

(0.06)

 

(1) Excludes 0 and 2,786,225 weighted average stock options for the years ended June 30, 2021 and 2020, respectively, as the impact of such awards was anti-dilutive.