NET (LOSS) INCOME PER COMMON SHARE (Tables)

9 Months Ended

Mar. 31, 2023

NET (LOSS) INCOME PER COMMON SHARE [Abstract]

Basic and Diluted Net (Loss) Income per Share

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

	Three Months Ended March 31,					Nine Months Ended March 31,
	2023			2022		2023			2022
Numerator:
Net (loss)income	$	(8,396,008	)	$	338,508	$	(10,327,981	)	$	2,333,145
Denominator:
Weighted average common shares outstanding:
Basic		30,344,954			30,484,897		30,387,303			30,286,195
Effect of dilutive securities		-			783,513		-			985,482
Diluted		30,344,954			31,268,410		30,387,303			31,271,677
Net (loss) income per common share:
Basic	$	(0.28	)	$	0.01	$	(0.34	)	$	0.08
Diluted	$	(0.28	)	$	0.01	$	(0.34	)	$	0.07