(Loss) Income per Common and Common Stock Equivalent Share

3 Months Ended

Sep. 30, 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 September 30,
	2023		2022
Numerator
Net (loss) income	$	(257,609)	$	9,944,743
Denominator
Weighted average shares, basic		9,234,795		9,157,284
Dilutive effect of stock compensation awards (1)		—		691,759
Diluted shares		9,234,795		9,849,043
Net (loss) income attributable to common shareholders per share:
Basic	$	(0.03)	$	1.09
Diluted	$	(0.03)	$	1.01

(1) Excludes approximately 773,085 weighted average stock options during the three months ended September 30, 2023, as the impact of such awards was anti-dilutive. For the three months ended September 30, 2022, no stock options were anti-dilutive.