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EARNINGS (LOSS) PER SHARE
 6 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE

NOTE 7 – EARNINGS (LOSS) PER SHARE

 

For the three and six months ended December 31, 2021, we were in a net loss position and have excluded 863,001 stock options from the calculation of diluted net loss per share because these securities are anti-dilutive. For the three and six months ended December 31, 2020, we have calculated the diluted effect of common stock arising from 499,000 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,
   2021  2020  2021  2020
Net (loss) income attributable to Parent Company  $(1,185,597)  $6,856,611   $(2,289,202)  $13,776,971 
                     
Weighted-average shares of common stock outstanding:                    
Basic shares outstanding   11,594,280    11,566,309    11,593,650    11,118,511 
Dilutive effect of common stock equivalents arising from stock options   –    160,973    –    160,973 
Diluted shares outstanding   11,594,280    11,727,282    11,593,650    11,279,483 
Basic (loss) income per share  $(0.10)  $0.59   $(0.20)  $1.24 
Diluted (loss) income per share  $(0.10)  $0.58   $(0.20)  $1.22