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Net Loss Per Share | 12 Months Ended
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Jun. 30, 2012
Notes to Financial Statements |
Net Loss Per Share | 10. Net 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:
|  |  | Year ended |
|  |  | June 30, |
|  |  | 2012 |  |  | 2011 |
| Net income (loss) |  | $ | (864,867 | ) |  | $ | (1,601,963 | )
| Weighted average common shares outstanding: |  |  |  |  |  |  |  |
| Basic and diluted |  |  | 9,861,596 |  |  |  | 9,533,558 |
| Earnings (Loss) per common share: |  |  |  |  |  |  |  |
| Basic and diluted |  | $ | (0.09 | ) |  | $ | (0.17 | )
| Excluded from computation: |  |  |  |  |  |  |  |
| Options to purchase common stock |  |  | 576,393 |  |  |  | 500,233 |
| Restricted stock units |  |  | 594,700 |  |  |  | 434,700 |
| Common stock warrants |  |  | 4,041,771 |  |  |  | 2,656,492 |
| Convertible debentures |  |  | 706,169 |  |  |  | 706,169 |
|  |  |  | 5,919,033 |  |  |  | 4,297,594 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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