NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Earnings Per Share

Earnings Per Share.

	Three months ended March 31, 2020						Three months ended March 31, 2019
	Total		Common Stock		Class C Common Stock		Total		Common Stock		Class C Common Stock
Basic
Numerator:  Net income available to common stockholders	$	1,261	$	1,184	$	20	$	3,863	$	3,623	$	61
Denominator:
Weighted average shares outstanding		6,447		6,447		383		6,357		6,357		383
Basic income per common share	$	0.20	$	0.18	$	0.05	$	0.61	$	0.57	$	0.16
Diluted
Denominator: Weighted average shares outstanding				6,447		383				6,357		383
Convertible Class C Stock				128		—				128		—
Total Denominator for diluted earnings per share				6,575		383				6,485		383
Diluted income per common share			$	0.18	$	0.05			$	0.56	$	0.16

	Nine months ended March 31, 2020						Nine months ended March 31, 2019
	Total		Common Stock		Class C Common Stock		Total		Common Stock		Class C Common Stock
Basic
Numerator:  Net income available to common stockholders	$	7,664	$	7,194	$	120	$	10,734	$	10,067	$	170
Denominator:
Weighted average shares outstanding		6,442		6,442		383		6,353		6,353		383
Basic income per common share	$	1.19	$	1.12	$	0.31	$	1.69	$	1.58	$	0.44
Diluted
Denominator: Weighted average shares outstanding				6,442		383				6,353		383
Convertible Class C Stock				128		—				128		—
Total Denominator for diluted earnings per share				6,570		383				6,481		383
Diluted income per common share			$	1.10	$	0.31			$	1.55	$	0.44

Long-term operating lease liabilities

Operating lease payments as follows:

	Operating Lease Payments
2020 (Three Months)	1,214
2021	4,782
2022	4,463
2023	4,415
2024	4,120
Thereafter	21,545
Present Value discount (5.5% weighted average)	(9,440	)
Total lease liability	31,099