NET INCOME (LOSS) PER COMMON SHARE (Tables)

9 Months Ended

Mar. 31, 2021

NET INCOME (LOSS) PER COMMON SHARE [Abstract]

Basic and Diluted Net Income (Loss) Per Share

The following table reconciles the differences between the basic and diluted net income (loss) per share presentations:

	Three Months Ended March 31,					Nine Months Ended March 31,
	2021		2020			2021		2020
Numerator:
Net income (loss)	$	1,036,227	$	(6,155,260	)	$	4,429,570	$	(5,133,891	)
Denominator:
Weighted average common shares outstanding:
Basic		29,320,434		28,656,910			28,967,946		28,625,723
Effect of dilutive securities		1,205,004		-			699,783		-
Diluted		30,525,438		28,656,910			29,667,729		28,625,723
Net income (loss) per common share:
Basic	$	0.04	$	(0.21	)	$	0.15	$	(0.18	)
Diluted	$	0.03	$	(0.21	)	$	0.15	$	(0.18	)