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Earnings Per Share
 12 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

10.    Earnings Per Share

 

Basic earnings 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 computations for basic and diluted earnings per share are described in the following table:

 

   Year ended
   June 30,
   2014  2013
       
Net income (loss)  $(313,249)  $215,322 
           
Weighted average common shares outstanding:          
Basic   14,002,093    12,102,124 
           
Effect of dilutive securities:          
Options to purchase common stock   —      1,438 
Restricted stock units   —      834,700 
Common  stock warrants   —      20,956 
Diluted   14,002,093    12,959,218 
           
           
Earnings (Loss) per common share:          
Basic  $(0.02)  $0.02 
Diluted  $(0.02)  $0.02 
           
           
Excluded from computation:          
Options to purchase common stock   654,158    583,571 
Restricted stock units   856,300    —   
Common  stock warrants   2,127,230    3,424,669 
    3,637,688    4,008,240