| Three Months Ended | ||||||||
| September 30, | ||||||||
| 2007 | 2006 | |||||||
| Net Income | $ | 191,610 | $ | 221,240 | ||||
| Weighted average common shares outstanding for basic computation | 372,600 | 372,600 | ||||||
| Basic earnings per share | $ | 0.51 | $ | 0.59 | ||||
| Weighted average common shares outstanding for basic computation | 372,600 | 372,600 | ||||||
| Common stock equivalents due to dilutive effect of stock options | — | — | ||||||
| Weighted average common shares and equivalents Outstanding for diluted computation | 372,600 | 372,600 | ||||||
| Diluted earnings per share | $ | 0.51 | $ | .59 | ||||
