Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.4.0.3
Earnings Per Share
9 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

Note (2) - Earnings Per Share: Basic and diluted earnings per share for the nine and three months ended March 31, 2016 and 2015 are computed as follows:

    For the nine months ended
March 31,
  For the three months ended
March 31,
    2016
(Unaudited)
  2015
(Unaudited)
  2016
(Unaudited)
  2015
(Unaudited)
                 
Net earnings   $ 1,309,958     $ 1,380,334     $ 773,753     $ 431,961  
Weighted average shares outstanding     7,033,732       7,033,732       7,033,732       7,033,732  
Basic and fully diluted earnings per
share
  $ .19     $ .20     $ .11     $ .06  


At March 31, 2016 and 2015, and for the periods then ended, there were no options to purchase shares of the Company's common stock or other dilutive securities of the Company and, therefore, diluted earnings per share is the same as basic earnings per share.