NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Net Earnings (Loss) Per Share (Policies)

12 Months Ended

Jun. 30, 2022

Policies

Net Earnings (Loss) Per Share

Net Earnings (Loss) Per Share

Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per share is computed by dividing net loss applicable to common stockholders by the weighted average number of common shares outstanding, plus the number of additional common shares that would have been outstanding if all dilutive potential common shares had been issued using the treasury stock method. Diluted loss per share excludes all potential common shares if their effect is anti-dilutive. The following potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive.

For the fiscal years ended June 30, 2022 and 2021 calculations of basic and diluted loss per share are the same because potential dilutive securities would have had an anti-dilutive effect. The potentially dilutive securities consisted of the following:

	June 30,
	2022	2021
Options to purchase common stock	40,000,000	30,000,000
Warrants to purchase common stock	16,010,483	12,865,483
Total	56,010,483	42,885,483