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 certain shares as their effect would be anti-dilutive, as described in the following table:

	(unaudited)						(unaudited)
	Three months ended						Nine Months ended
	March 31,						March 31,
	2012			2011			2012			2011

Net loss	$	(518,985	)	$	(375,728	)	$	(1,060,731	)	$	(1,602,392	)

Weighted average common shares outstanding:
Basic and diluted		9,767,640			9,715,266			9,758,233			9,474,204

Loss per common share:
Basic and diluted	$	(0.05	)	$	(0.04	)	$	(0.11	)	$	(0.17	)

Excluded from computation:
Options to purchase common stock		583,109			502,119			583,109			502,119
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
		4,248,470			4,308,733			4,248,470			4,308,733