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

)