G. Earnings Per Share |
9 Months Ended |
|---|---|
Mar. 31, 2017 | |
| Earnings Per Share [Abstract] | |
| Earnings Per Share |
Basic and diluted income (loss) per share of common stock was computed by dividing netloss by the weighted average number of shares of common stock outstanding.
Diluted earnings per share are computed based on the weighted average number of shares of common stock and dilutive securities outstanding during the period. Dilutive securities are any options, warrants, convertible debt, and preferred stock that are freely exercisable into common stock at less than the prevailing market price. Dilutive securities are not included in the weighted average number of shares when inclusion would increase the earnings per share or decrease the loss per share. For the nine months endedMarch 31, 2017 and 2016, there wereno dilutive securities included in the loss per share calculation as the effect would be antidilutive.Considering all holders’ rights, total common stock equivalents issuable under these potentially dilutive securities are approximately 1,340,000 and 1,200,000 at March 31, 2017 and 2016, respectively. |