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Loss Per Share
 6 Months Ended
Dec. 31, 2011
Loss Per Share  
Loss Per Share

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)     (unaudited)  
    Three months ended     Six months ended  
    December 31,     December 31,  
    2011     2010     2011     2010  
                         
Net loss   $ (343,299 )   $ (373,714 )   $ (541,746 )   $ (1,226,664 )
                                 
Weighted average common shares outstanding:                                
Basic and diluted     9,761,129       9,705,890       9,753,618       9,359,068  
                                 
                                 
Loss per common share:                                
Basic and diluted   $ (0.04 )   $ (0.04 )   $ (0.06 )   $ (0.13 )
                                 
Excluded from computation:                                
Options to purchase common stock     590,233       503,244       590,233       503,244  
Restricted stock units     594,700       434,700       594,700       434,700  
Common  stock warrants     2,364,492       2,656,492       2,364,492       2,656,492  
Convertible debentures     706,169       715,422       706,169       715,422  
      4,255,594       4,309,858       4,255,594       4,309,858