Earnings Per Share

6 Months Ended

Dec. 31, 2021

Earnings Per Share

Earnings Per Share

NOTE 3 – Earnings Per Share

Earnings per share is based on net income divided by the weighted average number of shares outstanding during the period. Earnings per share is presented for the three and six month periods ended December 31, 2021 and 2020.

	Three Months Ended		Three Months Ended	Six Months Ended		Six Months Ended
	December 31, 2021		December 31, 2020	December 31, 2021		December 31, 2020
Net income	$	535,603	1,957,537	$	1,159,654	3,736,385
Basic potential common shares
Weighted average shares outstanding		2,624,343	2,624,343		2,624,343	2,624,343
Basic weighted average shares outstanding		2,624,343	2,624,343		2,624,343	2,624,343
Diluted potential common shares		—	—		—	—
Diluted weighted average shares outstanding		2,624,343	2,624,343		2,624,343	2,624,343
Basic earnings per share	$	0.20	0.75	$	0.44	1.42
Diluted earnings per share	$	0.20	0.75	$	0.44	1.42