6. Earnings (Loss) Per Common Share

9 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Earnings (Loss) Per Common Share

Earnings (loss) per common share data was computed as follows:

	For the Three Month Period Ended March 31, 2018	For the Three Month Period Ended March 31, 2017	For the Nine Month Period Ended March 31, 2018	For the Nine Month Period Ended March 31, 2017
Net income (loss)	$(37,700)	$65,600	$(351,500)	$62,200
Weighted average common shares outstanding	1,494,112	1,492,334	1,494,112	1,490,189
Effect of dilutive securities	-	38	-	1,309
Weighted average dilutive common shares outstanding	1,494,112	1,492,372	1,494,112	1,491,498
Basic earnings (loss) per common share	$(.03)	$.04	$(.24)	$.04
Diluted earnings (loss) per common share	$(.03)	$.04	$(.24)	$.04

Approximately 82,000 and 33,500 shares of the Company's common stock issuable upon the exercise of outstanding options were excluded from the calculation of diluted earnings per common share for the three and nine month periods ended March 31, 2018 and 2017, respectively, because the effect would be anti-dilutive.