Income Per Common and Common Stock Equivalent Share

12 Months Ended

Jun. 30, 2022

Income Per Common and Common Stock Equivalent Share [Abstract]

Income Per Common and Common Stock Equivalent Share

10.    INCOME PER COMMON AND COMMON STOCK EQUIVALENT SHARE

Basic income per share is computed based on the weighted-average number of common shares outstanding. Diluted income per common share is calculated assuming the exercise of stock options except where the result would be anti-dilutive. The following table reconciles the numerator and denominator used to calculate basic and diluted income per share:

		Year Ended
	2022		2021
Numerator
Net income	$	1,268,409	$	493,594
Denominator
Weighted average shares, basic		9,070,277		7,864,688
Dilutive effect of stock compensation awards (1)		915,385		1,774,585
Diluted shares		9,985,662		9,639,273
Net income attributable to common shareholders per share:
Basic	$	0.14	$	0.06
Diluted	$	0.13	$	0.05

(1) No stock options were anti-dilutive for the years ended June 20, 2022 and 2021.