6. EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Basic earnings (loss) per share are computed using the weighted average number of shares outstanding during the period. Diluted earnings per share represent basic earnings per share adjusted to include the potentially dilutive effect of outstanding stock options.

For the three months ended September 30, 2017, we were in a net loss position and have excluded 399,000 stock options from the calculation of diluted net loss per shares because these securities are anti-dilutive. The weighted average number of shares outstanding used to compute earnings (loss) per share is as follows:

	Three Months Ended September 30,
	2017			2016
Net income (loss) attributable to Parent Company	$	(437,292	)	$	262,541
Weighted-average shares of common stock outstanding:
Basic shares outstanding		10,520,203			10,471,818
Dilutive effect of common stock equivalents arising from stock options		–			258,449
Diluted shares outstanding		10,520,203			10,730,267
Basic earnings (loss) per share	$	(0.04	)	$	0.03
Diluted earnings (loss) per share	$	(0.04	)	$	0.02