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Earnings Per Share
 6 Months Ended
Dec. 31, 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  Six months ended
   December 31,  December 31,
   2015  2014  2015  2014
             
Net income (loss)  $(535,583)  $141,213   $307,390   $(437,837)
                     
Weighted average common shares outstanding:                    
Basic   15,250,146    14,305,985    15,244,747    14,297,807 
                     
Effect of dilutive securities:                    
Options to purchase common stock   —      27,952    53,491    —   
Restricted stock units   —      1,075,300    899,856    —   
Common  stock warrants   —      10,688    396,665    —   
Diluted   15,250,146    15,419,925    16,594,759    14,297,807 
                     
                     
Earnings (Loss) per common share:                    
Basic  $(0.04)  $0.01   $0.02   $(0.03)
Diluted  $(0.04)  $0.01   $0.02   $(0.03)
                     
                     
Excluded from computation:                    
Options to purchase common stock   803,348    696,206    707,889    724,158 
Restricted stock units   1,239,821    —      257,701    1,075,300 
Common  stock warrants   1,438,415    2,116,542    1,095,044    2,127,230 
    3,481,584    2,812,748    2,060,634    3,926,688