v3.26.3
Note 2 - Loss Per Share
 12 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 2— 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:

 

Loss per Share

 

For the Year Ended

 

(In Thousands except for share

 

June 30,

 

and per share price)

 

2026

  

2025

 

Numerator:

        

Net loss

 $(297) $(948)

Denominator:

        

Basic Weighted average shares outstanding

  9,943,913   9,910,244 

Effect of dilutive share-based awards

  —   — 

Weighted-average dilutive shares

  9,943,913   9,910,244 
         

Net loss per share

        
         

Basic earnings per share

  (0.03)  (0.10)

Diluted earnings per share

  (0.03)  (0.10)

 

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

 

  

For the Year Ended

 
  

June 30

 
  

2026

  

2025

 

Options

  525,000   450,000 

Total potentially dilutive shares

  525,000   450,000 

 

For the years ended June 30, 2026 and 2025, 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. 75,000 options were granted in the year ended June 30, 2026.