Note 6 - (Loss) Income Per Common and Common Stock Equivalent Share

9 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

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 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 income per share:

	Three Months Ended March 31,					Nine Months Ended March 31,
	2020			2019*		2020			2019*
Numerator
Net (loss) income	$	(97,373	)	$	137,880	$	(623,835	)	$	282,599
Denominator
Weighted average shares, basic		7,404,831			7,404,831		7,404,831			7,399,768
Dilutive effect of stock compensation awards		-			594		-			8,342
Diluted shares		7,404,831			7,405,425		7,404,831			7,408,110
Net (loss) income attributable to common shareholders per share:
Basic	$	(0.01	)	$	0.02	$	(0.08	)	$	0.04
Diluted	$	(0.01	)	$	0.02	$	(0.08	)	$	0.04

*As adjusted for change in accounting principle (Note

2

)