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7. EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Basic earnings per share are computed using the weighted average number of shares outstanding during the period. Diluted earnings per share represent basic earnings per share adjusted to include the potentially dilutive effect of outstanding stock options. The weighted average number of shares outstanding used to compute earnings per share is as follows:

		Year Ended June 30,
		2017				2016
Net income attributable to Parent Company		$	873,960			$	1,610,971
Weighted-average shares of common stock outstanding:
Basic			10,501,730				10,414,755
Dilutive effect of common stock equivalents arising from stock options			159,170				239,142
Diluted Outstanding shares			10,660,900				10,653,897
Basic earnings per share		$	0.08			$	0.15
Diluted earnings per share		$	0.08			$	0.15

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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