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LOSS PER SHARE

6 Months Ended

Dec. 31, 2022

LOSS PER SHARE

LOSS PER SHARE

NOTE 3 — LOSS PER SHARE

​

Basic loss per share data for each period presented is computed using the weighted average number of shares of common stock outstanding during each such period. Diluted loss per share data is computed using the weighted average number of common and potentially dilutive securities outstanding during each period. Potentially dilutive securities consist of shares that would be issued upon the exercise of stock options and warrants, computed using the treasury stock method. A reconciliation of basic and diluted loss per share is as follows:

​

​	​	​	​	​	​	​	​	​	​	​
​		For the Three Months Ended		For the Six Months Ended		For the Three Months Ended			For the Six Months Ended
​	​	December 31,	​	December 31,		December 31,		​	December 31,
​	​	2022	​	2022		2021		​	2021
Numerator:	​	​	​	​	​	​	​	​	​	​
Net income (loss)(in 000s's)	​	46	​	(49)	​	$	(644)	​	$	(1,221)
Denominator:	​		​		​			​
Weighted average common shares outstanding, basic and diluted	​	10,958,398	​	10,943,561	​		10,636,278	​		10,445,482
​	​	​	​	​	​	​	​	​	​	​
Income (Loss) per share	​	​	​	​	​		​	​		​
Basic and diluted	​	0.00	​	(0.00)	​	$	(0.06)	​	$	(0.12)

​

The following securities were excluded from the calculation of diluted loss per share in each period because their inclusion would have been anti-dilutive:

​

​	​	​	​	​	​	​	​	​
​	​	For the Three Months Ended	​	For the Six Months Ended	​	For the Three Months Ended	​	For the Six Months Ended
​	​	December 31,	​	December 31,	​	December 31,	​	December 31,
​		2022		2022		2021		2021
Options	​	150,000	​	150,000	​	150,000	​	150,000
Warrants		—	​	—	​	241,500		241,500
Total potentially dilutive shares		150,000	​	150,000	​	391,500		391,500

​

For the six months ended December 31, 2022 and three and six months ended December 31, 2021, the Company had net losses. Therefore, all potentially dilutive securities are deemed to be anti-dilutive and are not included in the diluted loss per share computation. For the three months ended December 31, 2022 the Company had net income. However, all potentially dilutive securities were also deemed to be anti-dilutive because their exercise price exceeded the weighted average trading price of the Company's stock for the period.

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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