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LOSS PER SHARE

3 Months Ended

Sep. 30, 2023

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:

​

​	​	​	​	​	​	​
Dollars in Thousands		For the Three Months Ended			For the Three Months Ended
​	​	September 30,		​	September 30,
​	​	2023		​	2022
Numerator:		​			​
Net profit/(loss)	​	$	439	​	$	(95)
Denominator:	​			​
Weighted average common shares outstanding, basic and diluted	​		10,685,778	​		10,928,724
​	​	​	​	​	​	​
Profit/(loss) per share	​			​
Basic and diluted	​	$	0.04	​	$	(0.01)

​

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 Three Months Ended
​	​	September 30,	​	September 30,
​	​	2023	​	2022
Options		250,000		150,000
Warrants		—		—
Total potentially dilutive shares		250,000		150,000

​

For the three months ended September 30, 2023 the Company had net income and the three months ended June 30, 2023 had a net loss. 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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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