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Earnings Per Share (Tables)

12 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Schedule of Income (Loss) Per Share Basic and Diluted

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

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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