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EARNINGS PER SHARE (Tables)
 3 Months Ended
Sep. 30, 2021
EARNINGS PER SHARE [Abstract]  
Computation of Basic and Diluted Earnings per Share 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 )