Income (Loss) Per Common and Common Stock Equivalent Share

3 Months Ended

Sep. 30, 2022

Income (Loss) Per Common and Common Stock Equivalent Share [Abstract]

Income (Loss) Per Common and Common Stock Equivalent Share

5.    INCOME (LOSS) PER COMMON AND COMMON STOCK EQUIVALENT SHARE

Basic income (loss) per share is computed based on the weighted-average number of common shares outstanding.  Diluted income (loss) 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 (loss) per share:

	Three Months Ended September 30,
	2022		2021
Numerator
Net income (loss)	$	9,944,743	$	(99,359)
Denominator
Weighted average shares, basic		9,157,284		8,843,946
Dilutive effect of stock compensation awards (1)		691,759		—
Diluted shares		9,849,043		8,843,946
Net income (loss) attributable to common shareholders per share:
Basic	$	1.09	$	(0.01)
Diluted	$	1.01	$	(0.01)

(1) Excludes approximately 1,500,528 weighted average stock options during the three months ended September 30, 2021, as the impact of such awards was anti-dilutive. For the three months ended September 30, 2022, no stock options were anti-dilutive.