Note 2 - Income (Loss) Per Share

9 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 2 — INCOME (LOSS) PER SHARE

Basic loss per share data for each period presented is computed using the weighted average number of shares of common stock outstanding during each such period. Diluted income (loss) per share data is computed using the weighted average number of common and potentially dilutive securities outstanding during each period. 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:

Loss per Share		For the Three Months								For the Nine Months
(In Thousands except for share		Ended March 31								Ended March 31
and per share price)		2026				2025				2026				2025
Numerator:
Net loss		$	(122	)		$	(240	)		$	(1	)		$	(792	)
Denominator:
Basic Weighted average basic shares outstanding			9,945,384				9,911,015				9,942,367				9,901,554
Effect of dilutive share-based awards			-				-				-				-
Weighted-average dilutive shares			9,945,384				9,911,015				9,942,367				9,901,554

Net loss per share

Basic loss per share		$	(0.01	)		$	(0.02	)		$	(0.00	)		$	(0.08	)
Diluted loss per share		$	(0.01	)		$	(0.02	)		$	(0.00	)		$	(0.08	)

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

		For the Three and Nine Months Ended
		March 31,				March 31,
		2026				2025
Options			450,000				450,000
Total potentially dilutive shares			450,000				450,000

The Company had net losses for three and nine months ended March 31, 2026 and March 31, 2025. All potentially dilutive securities were deemed to be anti-dilutive in those periods because of the net losses incurred.