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Income (Loss) Per Share (Tables) | 9 Months Ended
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Mar. 31, 2014
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 |  |  | Nine months ended |
|  | March 31, |  |  | March 31, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Net income (loss) |  | $ | (133,322 | ) |  | $ | 217,094 |  |  | $ | (415,700 | ) |  | $ | 459,087 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 14,292,976 |  |  |  | 11,883,042 |  |  |  | 13,905,376 |  |  |  | 11,818,408 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Options to purchase common stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,092 |
Restricted stock units |  |  | — |  |  |  | 834,700 |  |  |  | — |  |  |  | 834,700 |
Common stock warrants |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 17,272 |
Diluted |  |  | 14,292,976 |  |  |  | 12,717,742 |  |  |  | 13,905,376 |  |  |  | 12,671,472 |
Earnings (Loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.01 | ) |  | $ | 0.02 |  |  | $ | (0.03 | ) |  | $ | 0.04 |
Diluted |  | $ | (0.01 | ) |  | $ | 0.02 |  |  | $ | (0.03 | ) |  | $ | 0.04 |
Excluded from computation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Options to purchase common stock |  |  | 654,158 |  |  |  | 600,645 |  |  |  | 654,158 |  |  |  | 599,553 |
Restricted stock units |  |  | 856,300 |  |  |  | — |  |  |  | 856,300 |  |  |  | — |
Common stock warrants |  |  | 2,127,230 |  |  |  | 3,756,771 |  |  |  | 2,127,230 |  |  |  | 3,739,499 |
|  |  | 3,637,688 |  |  |  | 4,357,416 |  |  |  | 3,637,688 |  |  |  | 4,339,052 |

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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 + Details
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