(Loss) Income per Common and Common Stock Equivalent Share

9 Months Ended

Mar. 31, 2023

(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 March 31,				Nine Months Ended March 31,
	2023		2022		2023		2022
Numerator
Net (loss) income	$	(232,853)	$	403,204	$	8,565,011	$	882,814
Denominator
Weighted average shares, basic		9,206,135		9,147,795		9,183,042		9,044,532
Dilutive effect of stock compensation awards (1)		—		740,288		608,585		979,941
Diluted shares		9,206,135		9,888,083		9,791,627		10,024,473
Net (loss) income attributable to common shareholders per share:
Basic	$	(0.03)	$	0.04	$	0.93	$	0.10
Diluted	$	(0.03)	$	0.04	$	0.87	$	0.09

(1) Excludes approximately 514,878 weighted average stock options during the three months ended March 31, 2023, as the impact of such awards was anti-dilutive. For the three months ended March 31, 2022, as well as the nine months ended March 31, 2023 and 2022, no stock options were anti-dilutive.