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Earnings Per Share (Tables) | 12 Months Ended
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Jun. 30, 2016
Earnings Per Share [Abstract] |
Schedule of the computations for basic and diluted earnings per share | The computations for basic and diluted earnings per share are described in the following table:
|  | Year ended June 30,
|  | 2016 |  | 2015
Net income (loss) |  | $ | 1,414,615 |  |  | $ | (715,280 | )
Weighted average common shares outstanding: |  |  |  |  |  |  |  |
Basic |  |  | 15,401,893 |  |  |  | 14,711,586 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Options to purchase common stock |  |  | 71,859 |  |  |  | — |
Restricted stock units |  |  | 944,274 |  |  |  | — |
Common stock warrants |  |  | 457,357 |  |  |  | — |
Diluted |  |  | 16,875,383 |  |  |  | 14,711,586 |
Earnings (Loss) per common share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.09 |  |  | $ | (0.05 | )
Diluted |  | $ | 0.08 |  |  | $ | (0.05 | )
Excluded from computation: |  |  |  |  |  |  |  |
Options to purchase common stock |  |  | 718,684 |  |  |  | 703,721 |
Restricted stock units |  |  | 289,982 |  |  |  | 1,002,700 |
Common stock warrants |  |  | 848,927 |  |  |  | 1,916,671 |
|  |  | 1,857,593 |  |  |  | 3,623,092 |

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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + 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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