XML 31 R21.htm IDEA: XBRL DOCUMENT v3.22.2.2
(Loss) Earnings per share
 3 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
(Loss) Earnings per share

Note 15 – (Loss) Earnings per share

 

The following table sets forth the computation of basic and diluted earnings per share for the periods presented: 

        
   For the three months ended
September 30,		 
   2022   2021 
Numerator:        
Net income  $(4,182,376)  $887,528 
Denominator:          
Weighted-average shares used in computing basic and diluted earnings per share*          
Basic   29,665,716    26,484,528 
Diluted   29,665,716    26,495,420 
(Loss) Earnings per share - Basic  $(0.14)  $0.03 
                - Diluted  $(0.14)  $0.03 

 

* Due to the ani-dilutive effect, the computation of basic and diluted EPS did not include the shares underlying the exercise of warrants as the Company had a net loss for the three months ended September 30, 2022.

 

* For the three months ended September 30, 2021, the computation of basic and diluted EPS included the vested RSUs.

 

* The computation of diluted EPS included the underlying 10,892 shares of warrants calculated using treasury method for the three months ended September 30, 2021.

 

* For the three months ended September 30, 2022 and 2021, 166,176 and 40,019 vested shares of restricted stock units under the 2020 Equity Incentive Plan (as discussed in Note 16) are considered issued shares and therefore are included in the computation of basic earnings (loss) per share when the shares are fully vested.