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Earnings Per Share
 3 Months Ended
Sep. 30, 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:

 

   Three months ended
September 30,		 
   2016   2015 
         
Net income (loss)  $140,496   $842,973 
Weighted average common shares outstanding:          
Basic   15,616,855    15,239,366 
Effect of dilutive securities:          
Options to purchase common stock   92,584    49,614 
Restricted stock units   1,114,134    876,189 
Common stock warrants   329,198    377,765 
Diluted   17,152,771    16,542,934 
           
Earnings (Loss) per common share:          
Basic  $0.01   $0.06 
Diluted  $0.01   $0.05 
Excluded from computation:          
Options to purchase common stock   706,676    672,869 
Restricted stock units   197,661    199,111 
Common stock warrants   694,408    1,167,236 
    1,598,745    2,039,216