Stockholders' Equity (Tables)

12 Months Ended

Jun. 30, 2022

Schedule of reserved common shares for future issuance

The Company has reserved common shares for future issuance as follows as of June 30, 2022:

Stock options outstanding			246,273
Stock options available for issuance			204,477
Number of common shares reserved			450,750

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:

	2022			2021
Numerator:
Net income (loss)	$	1,265,127		$	(181,543	)
Denominator:

Basic EPS:
Common shares outstanding, beginning of period		2,702,633			2,402,633
Common shares issued to ESOP during the period		—			300,000
Unearned ESOP shares		(279,429	)		(300,000	)
Weighted average common shares issued during the period		—			—
Weighted average common shares purchased during the period		—			—
Weighted average ESOP shares earned during the period		8,700			3,712
Denominator for basic earnings per common shares –Weighted average common shares		2,431,904			2,406,345
Diluted EPS:
Common shares outstanding, beginning of period		2,702,633			2,402,633
Common shares issued to ESOP during the period		—			300,000
Unearned ESOP shares		(279,429	)		(300,000	)
Weighted average common shares issued during the period		—			—
Weighted average common shares purchased during the period		—			—
Weighted average ESOP shares earned during the period		8,700			3,712
Weighted average dilutive effect of stock options		—			—
Denominator for diluted earnings per common shares –Weighted average common shares		2,431,904			2,406,345