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Income (Loss) Per Share (Tables)

6 Months Ended

Dec. 31, 2013

Income Loss Per Share Tables

Schedule of Income (Loss) Per Share Basic and Diluted

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