Income (Loss) Per Common And Common Stock Equivalent Share

12 Months Ended

Jun. 30, 2024

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

Income (Loss) Per Common And Common Stock Equivalent Share

11.    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:

		Years Ended June 30,
	2024		2023
Numerator
Net (loss) income	$	(950,911)	$	8,319,212
Denominator
Weighted average shares, basic		9,251,373		9,192,799
Dilutive effect of stock compensation awards (1)		—		560,961
Diluted shares		9,251,373		9,753,760
Net (loss) income attributable to common shareholders per share:
Basic	$	(0.10)	$	0.90
Diluted	$	(0.10)	$	0.85

(1) Excludes 717,024 weighted average stock options during the year ended June 30, 2024 as the impact of such awards was anti-dilutive. No stock options were anti-dilutive for the year ended June 30, 2023.