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Earnings (Loss) Per Share
 12 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE

NOTE 15 – EARNINGS (LOSS) PER SHARE

 

The following table sets forth the computation of basic and diluted earnings (loss) per share for the periods indicated:

 

    For the years ended June 30,  
    2021     2020     2019  
                   
Basic earnings (loss) per share calculation:                  
Numerator:                  
Net income (loss) attributable to common shares   $ 6,816,572     $ 2,938,239     $ (3,269,776 )
Denominator:                        
Weighted average common shares outstanding     17,279,443       14,689,224       13,843,764  
Basic earnings (loss) per share attributable to common shares   $ 0.39     $ 0.20     $ (0.24 )
Diluted earnings (loss) per share calculation:                        
Numerator:                        
Net income (loss) attributable to common shares for calculating diluted earnings per share   $ 6,816,572     $ 2,938,239     $ (3,269,776 )
Denominator:                        
Weighted average common shares outstanding     17,279,443       14,689,224       13,843,764  
Weighted average common shares equivalents:                        
Effects of dilutive securities                        
Warrants    
-
      
-
      
-
  
Share options     179,479      
-
      
-
  
RSUs     110,518       3,075      
-
  
Shares used in computing diluted earnings per share attributable to common shares     17,569,440       14,692,299       13,843,764  
Diluted earnings (loss) per share attributable to common shares   $ 0.39     $ 0.20     $ (0.24 )

 

For the year ended June 30, 2021, warrants were out-of-the-money with no dilutive effect. For the year ended June 30, 2020, warrants and options were out-of-the-money with no dilutive effect. For the year ended June 30, 2019, warrants, RSUs and options were excluded from the computation of diluted loss per share as the effects were antidilutive.