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Net Income (Loss) per Share (Tables)
3 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Schedule that Reconciles the Number of Shares Used to Compute Basic and Diluted Net Income (Loss) Per Share

The following table reconciles the number of shares used to compute basic and diluted net income (loss) per share:

 

     Three Months Ended September 30,  
     2014      2013  

Number of common shares - basic

     29,322,708         25,917,924   

Effect of dilutive securities:

     

Stock options

     1,164,260         —     

Warrants

     277,926         —     
  

 

 

    

 

 

 

Number of common shares - diluted

     30,764,894         25,917,924   
  

 

 

    

 

 

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

Potential common stock equivalents excluded from the calculation of diluted earnings per share because the effect would have been anti-dilutive were as follows:

 

     September 30,  
     2014      2013  

Options outstanding

     1,230,724         3,959,699   

Warrants outstanding

     552,500         1,176,105   
  

 

 

    

 

 

 
     1,783,224         5,135,804