NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

Earnings Per Share

Diluted EPS reflects the potential dilution from the exercise or conversion of all dilutive securities into common stock based on the average market price of common shares outstanding during the period. For the three and nine months ended March 31, 2021 and 2020, diluted EPS for common shareholders includes 128 shares upon conversion of Class C Common.

	Three months ended March 31, 2021						Three months ended March 31, 2020
	Total		Common Stock		Class C Common Stock		Total		Common Stock		Class C Common Stock
Basic
Numerator:  Net income available to common stockholders	$	3,868	$	3,634	$	60	$	1,261	$	1,184	$	20
Denominator:
Weighted average shares outstanding		6,554		6,554		383		6,447		6,447		383
Basic income per common share	$	0.59	$	0.55	$	0.16	$	0.20	$	0.18	$	0.05
Diluted
Denominator: Weighted average shares outstanding				6,554		383				6,447		383
Convertible Class C Stock				128		—				128		—
Total Denominator for diluted earnings per share				6,682		383				6,575		383
Diluted income per common share			$	0.54	$	0.16			$	0.18	$	0.05

	Nine months ended March 31, 2021						Nine months ended March 31, 2020
	Total		Common Stock		Class C Common Stock		Total		Common Stock		Class C Common Stock
Basic
Numerator:  Net income available to common stockholders	$	9,487	$	8,915	$	146	$	7,664	$	7,194	$	120
Denominator:
Weighted average shares outstanding		6,489		6,489		383		6,442		6,442		383
Basic income per common share	$	1.46	$	1.37	$	0.38	$	1.19	$	1.12	$	0.31
Diluted
Denominator: Weighted average shares outstanding				6,489		383				6,442		383
Convertible Class C Stock				128		—				128		—
Total Denominator for diluted earnings per share				6,617		383				6,570		383
Diluted income per common share			$	1.35	$	0.38			$	1.10	$	0.31