Earnings (Loss) Per Common Share

6 Months Ended

Dec. 31, 2017

Earnings Per Share, Basic [Abstract]

Note 3 – Earnings (Loss) Per Common Share

Earnings (loss) per share data was computed as follows:

	Six Months Ended December 31, 2017			Six Months Ended December 31, 2016			Three Months Ended December 31, 2017		Three Months Ended December 31, 2016
Net income (loss) – basic	$	(2,415,591	)	$	(226,584	)	$	690,888	$	(30,294	)
Adjustments to net income		—			—			8,126		—
Net income (loss) – diluted	$	(2,415,591	)	$	(226,584	)	$	699,014	$	(30,294	)

Weighted average common shares outstanding - basic		1,532,785			1,520,087			1,532,785		1,532,785
Effect of dilutive securities		—			—			146,200,655		—
Weighted average common shares outstanding – diluted		1,532,785			1,520,087			147,733,440		1,532,785

Earnings (loss) per common share - basic	$	(1.58	)	$	(0.15	)	$	0.45	$	(0.02	)
Earnings (loss) per common share – diluted	$	(1.58	)	$	(0.15	)	$	0.00	$	(0.02	)

For the six-month period ended December 31, 2017, the Company excluded 146,200,655 shares of common stock issuable upon the exercise of outstanding convertible debt from the calculation of net loss per share because the effect would be anti-dilutive. For the six- and three-month periods ended December 31, 2016, the Company excluded 8,639,109 shares of common stock issuable upon the exercise of outstanding convertible debt from the calculation of net loss per share because the effect would be anti-dilutive.

GOLDEN GLOBAL CORP. 10-Q