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Earnings Per Share
 3 Months Ended
Sep. 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:

  

(unaudited)

Three months ended

   September 30,
   2015  2014
       
Net income (loss)  $842,973   $(579,050)
           
Weighted average common shares outstanding:          
Basic   15,239,366    14,312,061 
           
Effect of dilutive securities:          
Options to purchase common stock   49,614    —   
Restricted stock units   876,189    —   
Common  stock warrants   377,765    —   
Diluted   16,542,934    14,312,061 
           
           
Earnings (Loss) per common share:          
Basic  $0.06   $(0.04)
Diluted  $0.05   $(0.04)
           
           
Excluded from computation:          
Options to purchase common stock   672,869    654,158 
Restricted stock units   199,111    856,300 
Common  stock warrants   1,167,236    2,127,230 
    2,039,216    3,637,688