EARNINGS PER SHARE (Tables)

6 Months Ended

Dec. 31, 2022

EARNINGS PER SHARE

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

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2022		2021		2022		2021
Net Income	$	225,417	$	113,705	$	311,848	$	160,817
Preferred Dividend Requirements:
6% Prior Cumulative Preferred, $5 Par Value		15,000		15,000		30,000		30,000
5% Convertible Cumulative Preferred, $20 Par Value		17,018		17,018		34,036		34,036
Total Dividend Requirements		32,018		32,018		64,036		64,036
Net Income - Common Stockholders	$	193,399	$	81,687	$	247,812	$	96,781
Weighted Average Shares - Basic		969,834		969,834		969,834		969,834
Dilutive Effect of Contingently Issuable Shares		1,033,334		1,033,334		1,033,334		1,033,334
Weighted Average Shares - Diluted		2,003,168		2,003,168		2,003,168		2,003,168
Basic Earnings per Share	$	0.20	$	0.08	$	0.26	$	0.10
Diluted Earnings per Share	$	0.11	$	0.06	$	0.16	$	0.08

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

	Six Months Ended
	December 31,
	2022		2021
6% Convertible:
Series A	$	19	$	19
Series B	$	19	$	18
5% Convertible:
Series A	$	73	$	72
Series B	$	73	$	72