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Income (Loss) Per Share | 9 Months Ended
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Mar. 31, 2014
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 |  |  | 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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