14. Earnings (Loss) Per Common Share

12 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings (Loss) Per Common Share

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

	2020			2019
Net income (loss)	$	(703,300	)	$	645,600
Weighted average common shares outstanding		1,515,103			1,494,112
Effect of dilutive securities		-			18,066
Weighted average dilutive common shares outstanding		1,515,103			1,512,178
Basic and diluted earnings (loss) per common share	$	(.46	)	$	.43

Approximately 54,513 and 1,349,850 shares of the Company's common stock issuable upon the exercise of stock options and warrants, respectively, were excluded from the calculation because the effect would be anti-dilutive due to the loss for the year ended June 30, 2020.  Approximately 1,600 shares of the Company's common stock issuable upon the exercise of outstanding options were excluded from the calculation of diluted earnings per share for the year ended June 30, 2019, because they were anti-dilutive.