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Earnings Per Share
 12 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

9.    Earnings Per Share

 

Basic earnings 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 computations for basic and diluted earnings per share are described in the following table:

 

   Year ended
   June 30,
   2015  2014
Net loss  $(715,280)  $(313,249)
           
Weighted average common shares outstanding:          
Basic and diluted   14,711,586    14,002,093 
           
           
Loss per common share:          
Basic and diluted  $(0.05)  $(0.02)
           
           
Excluded from computation as effects are considered anti-dilutive:          
Options to purchase common stock   703,721    654,158 
Restricted stock units   1,002,700    856,300 
Common  stock warrants   1,916,671    2,127,230 
    3,623,092    3,637,688