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Income (Loss) Per Share
 6 Months Ended
Dec. 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   Six months ended 
   December 31,   December 31, 
   2013   2012   2013   2012 
                 
Net income (loss)  $(202,033)  $140,772   $(282,378)  $241,993 
                     
Weighted average common shares outstanding:                    
Basic   13,863,865    11,801,684    13,715,789    11,786,793 
Effect of dilutive securities:                    
Restricted stock units   —    594,700    —    594,700 
Common
stock warrants		   —    332,102    —    357,102 
Diluted   13,863,865    12,728,486    13,715,789    12,738,595 
                     
Earnings (Loss) per common share:                    
Basic  $(0.01)  $0.01   $(0.02)  $0.02 
Diluted  $(0.01)  $0.01   $(0.02)  $0.02 
                     
Excluded from computation:                    
Options to purchase common stock   651,158    576,393    651,158    576,393 
Restricted stock units   856,300    —    856,300    — 
Common
stock warrants		   2,127,230    3,734,669    2,127,230    3,709,669 
Convertible debentures   —    706,169    —    706,169 
    3,634,688    5,017,231    3,634,688    4,992,231