EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2021

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE 9 – EARNINGS PER SHARE

Basic earnings per share is computed using the weighted average number of shares outstanding. Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributed to potentially diluted securities. The following table sets forth the computation of basic and diluted earnings per share for the three months ended September 30, 2021 and 2020:

	Three Months Ended September 30, 2021		Three Months Ended September 30, 2020
	(Successor Basis)		(Predecessor Basis)
Net Income (loss)	$	4,923,801	$	(2,447,213	)
Basic and diluted weighted Average common shares outstanding		13,333,927.46		12,849,527.24
Basic and diluted earnings per share	$	0.37	$	(0.19	)