Loss Per Share

3 Months Ended

Sep. 30, 2011

8. Loss Per Share

Basic loss per share is computed by dividing the weighted-average number of shares of Class A common stock outstanding, during each period presented. Diluted earnings per share is computed similarly to basic earnings per share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue shares of Class A common stock were exercised or converted into shares of Class A common stock. The computation for basic and diluted loss per share are the same as the diluted calculation excludes the following shares as their effect would be anti-dilutive:

	(unaudited)
	Three months ended
	September 30,
	2011			2010

Net loss	$	(198,447	)	$	(852,950	)

Weighted average common shares outstanding:

Basic and diluted		9,746,107			9,011,214


Loss per Class A common share:
Basic and diluted	$	(0.02	)	$	(0.09	)


Excluded from computation:
Options to purchase Class A common stock		500,233			452,090
Restricted stock units		434,700			359,700
Class A common stock warrants		2,364,492			2,656,492
Convertible debentures		706,169			780,357
		4,005,594			4,248,639