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EARNINGS (LOSS) PER SHARE | 9 Months Ended
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Mar. 31, 2022
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE | NOTE 7 – EARNINGS (LOSS) PER SHARE For the three and nine months ended March 31, 2022, we were in a net loss position and have excluded 861,001 stock options from the calculation of diluted net loss per share because these securities are anti-dilutive. For the three and nine months ended March 31, 2021, we have calculated the dilutive effect of common stock arising from 485,000 stock options. The weighted average number of shares outstanding used to compute earnings per share is as follows:
Schedule of earnings per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months ended March 31, |  |  | Nine Months Ended March 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net (loss) income attributable to Parent Company |  | $ | (770,818 | ) |  | $ | 3,938,553 |  |  | $ | (3,060,020 | ) |  | $ | 17,715,524 |
Weighted-average shares of common stock outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic shares outstanding |  |  | 11,594,280 |  |  |  | 11,581,629 |  |  |  | 11,593,857 |  |  |  | 11,271,168 |
Dilutive effect of common stock equivalents arising from stock options |  |  | – |  |  |  | 210,663 |  |  |  | – |  |  |  | 210,662 |
Diluted shares outstanding |  |  | 11,594,280 |  |  |  | 11,792,292 |  |  |  | 11,593,857 |  |  |  | 11,481,830 |
Basic (loss) income per share |  | $ | (0.07 | ) |  | $ | 0.34 |  |  | $ | (0.26 | ) |  | $ | 1.57 |
Diluted (loss) income per share |  | $ | (0.07 | ) |  | $ | 0.33 |  |  | $ | (0.26 | ) |  | $ | 1.54 |

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