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6. EARNINGS PER SHARE
 6 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

We report earnings per share in accordance with ASC 260, “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:

 

   Three Months ended
December 31,		   Six Months Ended
December 31,		 
   2016   2015   2016   2015 
Net income attributable to Parent Company  $525,338   $617,219   $787,879   $635,166 
                     
Weighted-average shares of common stock outstanding:                    
Basic shares outstanding   10,495,994    10,511,012    10,483,870    10,522,503 
Dilutive effect of common stock equivalents arising from stock options   258,579    167,027    258,579    167,027 
Diluted shares outstanding   10,754,573    10,678,039    10,742,449    10,689,530 
Basic earnings per share  $0.05   $0.06   $0.08   $0.06 
Diluted earnings per share  $0.05   $0.06   $0.07   $0.06