EARNINGS PER SHARE (Tables)

3 Months Ended

Sep. 30, 2022

EARNINGS PER SHARE

Schedule of earnings per share computed on the weighted average of outstanding common shares

	Three Months Ended
	September 30,
	2022		2021
Net Income	$	86,431	$	47,112
Preferred Dividend Requirements:
6% Prior Cumulative Preferred, $5 Par Value		15,000		15,000
5% Convertible Cumulative Preferred, $20 Par Value		17,018		17,018
Total Dividend Requirements		32,018		32,018
Net Income - Common Stockholders	$	54,413	$	15,094
Weighted Average Shares - Basic		969,834		969,834
Dilutive Effect of Contingently Issuable Shares		1,033,334		1,033,334
Weighted Average Shares - Diluted		2,003,168		2,003,168
Basic Earnings per Share	$	0.06	$	0.02
Diluted Earnings per Share	$	0.04	$	0.02

Schedule of total dividends in arrears, on a per share basis

	Three Months Ended
	September 30,
	2022		2021
6% Convertible:
Series A	$	19	$	19
Series B	$	19	$	18
5% Convertible:
Series A	$	73	$	72
Series B	$	73	$	72