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Earnings Per Share | 9 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | 2. Earnings Per Share Diluted earnings per share is computed taking into consideration common shares outstanding and dilutive potential common shares to be issued or released under the Company’s share-based compensation plans. The factors used in the basic and diluted earnings per share computations follow:
|  | Nine months ended March 31, |  |  | Three months ended March 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net income allocated to common shareholders, basic and diluted |  | $ | 891,000 |  |  | $ | 1,384,000 |  |  | $ | 144,000 |  |  | $ | 334,000 |
EARNINGS PER SHARE |  | $ | 0.11 |  |  | $ | 0.17 |  |  | $ | 0.02 |  |  | $ | 0.04 |
Weighted average common shares outstanding, basic and diluted |  |  | 8,144,767 |  |  |  | 8,216,989 |  |  |  | 8,129,006 |  |  |  | 8,215,825 |
There were no stock option shares outstanding for the nine- or three-month periods ended March 31, 2023 and 2022.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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