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Net (Loss) Income per Share (Tables)
3 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Schedule that Reconciles the Number of Shares Used to Compute Basic and Diluted Net (Loss) Income Per Share

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

 

     Three Months Ended September 30,  
     2015      2014  

Number of common shares - basic

     29,415,572         29,322,708   

Effect of dilutive securities:

     

Stock options

     —           1,164,260   

Warrants

     —           277,926   
  

 

 

    

 

 

 

Number of common shares - diluted

     29,415,572         30,764,894   
  

 

 

    

 

 

 

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,  
     2015      2014  

Options outstanding

     4,888,975         1,230,724   

Warrants outstanding

     1,176,105         552,500   
  

 

 

    

 

 

 
     6,065,080         1,783,224