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Income (Loss) Per Share
 9 Months Ended
Mar. 31, 2013
Income Loss Per Share  
Income (Loss) Per Share

8. Income (Loss) Per Share

Basic earnings (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 described in the following table:

 

   (unaudited)   (unaudited) 
   Three months ended
March 31,		   Nine months ended
March 31,		 
   2013   2012   2013   2012 
                 
Net income (loss)  $217,094   $(518,985)  $459,087   $(1,060,731)
                     
Weighted average common shares outstanding:                    
Basic   11,883,042    9,767,640    11,818,408    9,758,233 
Effect of dilutive securities:                    
Options to purchase common stock   —    —    1,092    — 
Restricted stock units   834,700    —    834,700    — 
Common stock warrants   —    —    17,272    — 
Convertible debentures   —    —    —    — 
Diluted   12,717,742    9,767,640    12,671,472    9,758,233 
                     
Earnings (Loss) per common share:                    
Basic  $0.02   $(0.05)  $0.04   $(0.11)
Diluted  $0.02   $(0.05)  $0.04   $(0.11)
                     
Excluded from computation:                    
Options to purchase common stock   600,645    583,109    599,553    583,109 
Restricted stock units   —    594,700    —    594,700 
Common stock warrants   3,756,771    2,364,492    3,739,499    2,364,492 
Convertible debentures   —    706,169    —    706,169 
    4,357,416    4,248,470    4,339,052    4,248,470