Note J - Earnings Per Share (Tables)

12 Months Ended

Jun. 30, 2021

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Years Ended June 30,
	2021			2020
Numerator:
Net Income (Loss)	$	767,583		$	111,658
Adjustment for basic earnings per share:
Dividend requirements on preferred stock		(16,710	)		(16,710	)
Numerator for basic earnings per share- Net income available to common stockholders	$	750,873		$	94,948
Effect of dilutive securities:
Numerator for diluted earnings per share-Net income available to common stockholder	$	750,873		$	94,948
Denominator:
Denominator for basic earnings per share-Weighted-average common shares		8,087,388			8,087,388
Effect of dilutive securities: Stock options		65,136			65,000
Weighted-average Dilutive potential common shares		167,100			167,100
Denominator for dilutive earnings per share-Adjusted weighted-average shares and assumed conversions		8,319,624			8,319,488
Basic Net Income per share	$	0.09		$	0.01
Diluted Net Income per share	$	0.09		$	0.01