Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.3.1.900
Earnings Per Share
6 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

Note (2) - Earnings Per Share: Basic and diluted earnings per share for the six and three months ended December 31, 2015 and 2014 are computed as follows:

    For the six months ended
December 31,
  For the three months ended
December 31,
    2015
(Unaudited)
  2014
(Unaudited)
  2015
(Unaudited)
  2014
(Unaudited)
                 
Net earnings   $ 536,205     $ 948,373     $ 379,173     $ 484,412  
Weighted average shares outstanding     7,033,732       7,033,732       7,033,732       7,033,732  
Basic and fully diluted earnings per
share
  $ .08     $ .13     $ .05     $ .07  


At December 31, 2015, no options to purchase shares of the Company's common stock or other dilutive securities of the Company were outstanding and, therefore, diluted earnings per share is the same as basic earnings per share.