Net Gain or Loss per Share

9 Months Ended

Mar. 31, 2017

Net Gain or Loss per Share [Abstract]

Net Gain or Loss per Share

Note 6 — Net Gain or Loss per Share

Basic net loss per share is computed by dividing net income by the weighted-average number of common shares outstanding during the reporting period.  Diluted net loss per share is computed similarly to basic net loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised.  Since LB Media, the “predecessor company,” was an LLC, it did not have common shares outstanding prior to the Merger Agreement on March 24, 3017.  Accordingly, we have prepared the calculation of Net Gain or Loss per Share using the weighted-average number of common shares of the Company that were outstanding during the three and nine months ended March 31, 2017.

There are no dilutive instruments outstanding during the nine months ended March 31, 2017 and 2016.