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Earnings Per Share
 9 Months Ended
Mar. 31, 2016
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  Nine months ended
   March 31,  March 31,
   2016  2015  2016  2015
Net income (loss)  $775,758   $89,791   $1,083,148   $(348,046)
                     
Weighted average common shares outstanding:                    
Basic   15,530,574    15,028,231    15,339,337    14,537,727 
                     
Effect of dilutive securities:                    
Options to purchase common stock   193,488    1,429    73,737    —   
Restricted stock units   1,102,129    679,755    935,041    —   
Common  stock warrants   577,961    4,477    495,765    —   
Diluted   17,404,152    15,713,892    16,843,880    14,537,727 
                     
                     
Earnings (Loss) per common share:                    
Basic  $0.05   $0.01   $0.07   $(0.02)
Diluted  $0.04   $0.01   $0.06   $(0.02)
                     
                     
Excluded from computation:                    
Options to purchase common stock   631,869    736,411    708,811    697,376 
Restricted stock units   209,666    395,545    273,553    978,586 
Common  stock warrants   578,212    1,857,516    885,277    2,040,109 
    1,419,747    2,989,472    1,867,641    3,716,071