Stockholders' Equity (Tables)

12 Months Ended

Jun. 30, 2020

Equity [Abstract]

Schedule of reserved common shares for future issuance

The Company has reserved common shares for future issuance as follows as of June 30, 2020:

Stock options outstanding	276,712
Stock options available for issuance	253,348
Number of common shares reserved	530,060

Schedule of reconciliation of the numerators and denominators of basic and diluted per share computations

The following table sets forth the reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for continuing operations for the years ended June 30:

	2020			2019
Numerator:
Net income	$	1,163,668		$	2,342,694
Denominator:
Basic EPS:
Common shares outstanding, beginning of period		2,401,213			2,387,124
Unearned ESOP shares		(14,166	)		(29,166	)
Weighted average common shares issued during the period		2,161			9,708
Weighted average common shares purchased during the period		(1,332	)		(362	)
Weighted average ESOP shares earned during the period		5,331			5,641
Denominator for basic earnings per common shares –
Weighted average common shares		2,393,207			2,372,945
Diluted EPS:
Common shares outstanding, beginning of period		2,401,213			2,387,124
Unearned ESOP shares		(14,166	)		(29,166	)
Weighted average common shares issued during the period		2,161			9,708
Weighted average common shares purchased during the period		(1,332	)		(362	)
Weighted average ESOP shares earned during the period		5,331			5,641
Weighted average dilutive effect of stock options		3,411			16,283
Denominator for diluted earnings per common shares –
Weighted average common shares		2,396,618			2,389,228