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6. EARNINGS (LOSS) PER SHARE

9 Months Ended

Mar. 31, 2018

Basic earnings (loss) 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.

For the three and nine months ended March 31, 2018, we were in a net loss position and have excluded 349,000 stock options from the calculation of diluted net loss per shares because these securities are anti-dilutive. The weighted average number of shares outstanding used to compute earnings (loss) per share is as follows:

	Three Months ended March 31,					Nine Months Ended March 31,
	2018			2017		2018			2017
Net (loss) income attributable to Parent Company	$	(140,722	)	$	73,478	$	(1,309,024	)	$	861,357

Weighted-average shares of common stock outstanding:
Basic shares outstanding		10,570,203			10,519,394		10,570,203			10,495,573
Dilutive effect of common stock equivalents arising from stock options		–			265,885		–			265,885
Diluted shares outstanding		10,570,203			10,785,279		10,570,203			10,761,458
Basic (loss) earnings per share	$	(0.01	)	$	0.01	$	(0.12	)	$	0.08
Diluted (loss) earnings per share	$	(0.01	)	$	0.01	$	(0.12	)	$	0.08