Income Per Share

12 Months Ended

Jun. 30, 2021

Income Per Share

Earnings Per Share

NOTE 2 – Income Per Share

Income per share is based on net income divided by the weighted average number of shares outstanding during the period. Income per share is presented for the period for which shares were outstanding.

	Year Ended		Year Ended
	June 30, 2021		June 30, 2020
Net income	$	6,385,987	$	1,092,099
Basic potential common shares
Weighted average shares outstanding		2,624,343		2,624,343
Basic weighted average shares outstanding		2,624,343		2,624,343
Diluted potential common shares		—		—
Diluted weighted average shares outstanding		2,624,343		2,624,343
Basic earnings per share	$	2.43		0.42
Diluted earnings per share	$	2.43		0.42