v3.22.2.2
LOSS PER SHARE
 12 Months Ended
Jun. 30, 2022
LOSS PER SHARE  
LOSS PER SHARE

NOTE 3 — LOSS PER SHARE

Basic loss per share data for each year presented is computed using the weighted average number of shares of common stock outstanding during each such year. Diluted loss per share data is computed using the weighted average number of common and potentially dilutive securities outstanding during each year. Potentially dilutive securities consist of shares that would be issued upon the exercise of stock options and warrants, computed using the treasury stock method. A reconciliation of basic and diluted loss per share is as follows:

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For the Year Ended

    

For the Year Ended

​

​

June 30, 

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June 30, 

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2022

​

2021

Numerator:

 

​

  

 

​

  

Net loss

​

$

(1,345)

​

$

(645)

Denominator:

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​

 

  

Weighted average common shares outstanding, basic and diluted

​

 

10,577,994

​

 

5,645,617

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​

​

​

​

​

​

Loss per share

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​

 

  

Basic and diluted

​

$

(0.13)

​

$

(0.11)

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The following securities were excluded from the calculation of diluted loss per share in each year because their inclusion would have been anti-dilutive:

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​

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For the Year Ended

    

For the Year Ended

​

​

June 30, 

​

June 30, 

​

​

2022

​

2021

Options

 

150,000

 

—

Warrants

 

—

 

236,667

Total potentially dilutive shares

 

150,000

 

236,667

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For the years ended June 30, 2022 and 2021, the Company had net losses, therefore all potentially dilutive securities are deemed to be anti-dilutive and are not included in the diluted loss per share computation.