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Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2012
Calculation of Shares Used to Compute Basic and Diluted Net (Loss) Income Per Share

The calculation of shares used to compute basic and diluted net (loss) income per share is as follows:

 

     Year Ended June 30,  
     2012      2011      2010  

Number of common shares—basic

     20,791,202         19,489,154         18,404,823   

Effect of dilutive securities:

        

Stock options

     —           —           489,783   
  

 

 

    

 

 

    

 

 

 

Number of common shares—diluted

     20,791,202         19,489,154         18,894,606   
  

 

 

    

 

 

    

 

 

 
Potentially Dilutive Securities Excluded from Computation of Diluted Weighted-Average Shares

The following potentially dilutive securities outstanding, prior to the application of the treasury stock method, have been excluded from the computation of diluted weighted-average shares outstanding for the years ended June 30, 2012, 2011 and 2010, as they would be anti-dilutive:

 

     June 30,  
     2012      2011      2010  

Options

     3,165,855         2,740,895         907,219   

Warrants

     2,270,189         7,820,227         10,997,681   
  

 

 

    

 

 

    

 

 

 
     5,436,044         10,561,122         11,904,900