XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.22.2.2

(LOSS) EARNINGS PER SHARE | 12 Months Ended
--- | ---
Jun. 30, 2022
Earnings Per Share [Abstract] |
(LOSS) EARNINGS PER SHARE | NOTE 7 – (LOSS) EARNINGS PER SHARE We report (loss) earnings per share in accordance with ASC 260, “Earnings Per Share.” Basic (loss) earnings per share are computed using the weighted average number of shares outstanding during the period. Diluted (loss) earnings per share represent basic earnings per share adjusted to include the potentially dilutive effect of outstanding stock options by using the treasury stock method that the proceeds we receive from an in-the-money option exercise are used towards repurchasing common shares in the market. For the year ended June 30, 2022, we were in a net loss position and have excluded 766,001 stock options from the calculation of diluted net loss per share because these securities are anti-dilutive. For the year ended June 30, 2021, we have calculated the diluted effect of common stocks arising from 484,000 stock options. The weighted average number of shares outstanding used to compute (loss) earnings per share is as follows:
Schedule of earnings per share |  |  |  |  |  |  |  |
|  | Year Ended June 30, |
|  | 2022 |  |  | 2021 |
Net (loss) income attributable to Parent Company |  | $ | (3,762,848 | ) |  | $ | 17,699,035 |
Weighted-average shares of common stock outstanding: |  |  |  |  |  |  |  |
Basic |  |  | 11,613,812 |  |  |  | 11,350,946 |
Dilutive effect of common stock equivalents arising from stock options |  |  | – |  |  |  | 241,955 |
Diluted Outstanding shares |  |  | 11,613,812 |  |  |  | 11,592,901 |
Basic (loss) earnings per share attributable to Parent Company stockholders |  | $ | (0.32 | ) |  | $ | 1.56 |
Diluted (loss) earnings per share attributable to Parent Company stockholders |  | $ | (0.32 | ) |  | $ | 1.53 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration