Earnings (loss) per Common Share (Tables)

3 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted income per share

The following table sets forth the computation of basic and diluted earnings (loss) per common share:

	Three Months Ended September 30,
	2020		2019
Numerator
Net income (loss) attributable to common stockholders	$	(7,135,148)	$	2,792,820
Denominator
Weighted average number of common shares — Basic	32,955,656		33,126,645
Effect of dilutive securities:
Contingent restricted stock grants	—		7,727
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share	32,955,656		33,134,372
Net earnings (loss) per common share — Basic	$	(0.22)	$	0.08
Net earnings (loss) per common share — Diluted	$	(0.22)	$	0.08

Schedule of outstanding potentially dilutive securities

Outstanding Potentially Dilutive Securities	Weighted Average Exercise Price		Outstanding at September 30, 2020
Contingent Restricted Stock grants	$	—	200,000

Outstanding Potentially Dilutive Securities	Weighted Average Exercise Price		Outstanding at September 30, 2019
Contingent Restricted Stock grants	$	—	200,000