24.  EARNINGS PER SHARE

The Company follows ASC Topic 260, Earnings Per Share. Basic earnings per share (“EPS”) are computed by dividing net income available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS give effect to all dilutive potential common shares outstanding during a period. In computing diluted EPS, the average price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options and warrants.

Options to purchase 1,311,275 shares of Common Stock at exercise prices ranging from $2.25 to $6.92 per share were outstanding as of June 30, 2026. As the Company incurred a net loss in fiscal 2026, approximately 753,000 potentially dilutive shares related to outstanding stock options were excluded from the computation of diluted EPS because their inclusion would have been anti-dilutive. Accordingly, basic and diluted net loss per share were the same for fiscal 2026.

Options to purchase 1,639,225 shares of Common Stock at exercise prices ranging from $1.87 to $3.88 per share were outstanding as of June 30, 2025. As the Company incurred a net loss in fiscal 2025, approximately 186,000 potentially dilutive shares related to outstanding stock options were excluded from the computation of diluted EPS because their inclusion would have been anti-dilutive. Accordingly, basic and diluted net loss per share were the same for fiscal 2025.

The following table is a reconciliation of the weighted average shares used in the computation of basic and diluted EPS for the years presented herein: