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Earnings Per Share (Tables)

12 Months Ended

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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- References

No definition available.

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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

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