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EARNINGS PER SHARE (Tables)
12 Months Ended
Jun. 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 six months ended June 30, 2021 and December 31, 2020, and years ended June 30, 2020 and 2019:
 
 
 
Six Months Ended
June 30, 2021
  
Six Months Ended
December 31, 2020
  
Year Ended
June 30, 2020
  
Year Ended
June 30, 2019
 
 
 
(Successor Basis)
  
(Predecessor Basis)
  
(Predecessor Basis)
  
(Predecessor Basis)
 
 
            
Net Income (loss)
 
$
264,157
  
$
(9,667,137
)
 
$
(11,725,552
)
 
$
2,885,507
 
 
                
Basic and diluted weighted Average
common shares outstanding
  
13,332,535.70
   
13,020,208.16
   
12,198,040.44
   
9,951,815.67
 
 
                
Basic and diluted earnings per share
 
$
0.02
  
$
(0.74
)
 
$
(0.96
)
 
$
0.29