(Loss) Income Per Common and Common Stock Equivalent Share

6 Months Ended

Dec. 31, 2022

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

(Loss) Income Per Common and Common Stock Equivalent Share

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

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

	Three Months Ended December 31,				Six Months Ended December 31,
	2022		2021		2022		2021
Numerator
Net (loss) income	$	(1,146,879)	$	578,969	$	8,797,864	$	479,610
Denominator
Weighted average shares, basic		9,186,208		9,144,099		9,171,746		8,994,023
Dilutive effect of stock compensation awards (1)		—		920,614		645,652		1,068,892
Diluted shares		9,186,208		10,064,713		9,817,398		10,062,915
Net (loss) income attributable to common shareholders per share:
Basic	$	(0.12)	$	0.06	$	0.96	$	0.05
Diluted	$	(0.12)	$	0.06	$	0.90	$	0.05

(1) Excludes approximately 590,046 weighted average stock options during the three months ended December 31, 2022, as the impact of such awards was anti-dilutive. For the three months ended December 31, 2021, as well as the six months ended December 31, 2022 and 2021, no stock options were anti-dilutive.