G. Earnings Per Share

6 Months Ended

Dec. 31, 2016

LOSS PER SHARE - BASIC AND DILUTED

Earnings Per Share

Basic and diluted loss per share of common stock was computed by dividing net loss, loss from continuing operations and loss from discontinued operations by the weighted average number of shares of common stock outstanding.

Diluted earnings per share are computed based on the weighted average number of shares of common stock and dilutive securities outstanding during the period. Dilutive securities are options, warrants, convertible debt, and preferred stock that are freely exercisable into common stock at less than the prevailing market price. Dilutive securities are not included in the weighted average number of shares when inclusion would increase the earnings per share or decrease the loss per share. For the six months ended December 31, 2016 and 2015, there were no dilutive securities included in the loss per share calculation as the effect would be antidilutive.

Considering all holders’ rights, total common stock equivalents issuable under these potentially dilutive securities are approximately 1,340,000 and 1,200,000 at December 31, 2016 and 2015, respectively.