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Earnings Per Share (Tables)

6 Months Ended

Dec. 31, 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:


		(unaudited)
		Three months ended December 31,						Six months ended December 31,
		2016			2015			2016			2015

Net income (loss)		$	1,097,667		$	(535,583	)	$	1,238,163		$	307,390
Weighted average common shares outstanding:
Basic			16,541,205			15,250,146			16,079,030			15,244,747
Effect of dilutive securities:
Options to purchase common stock			51,433			—			71,605			53,491
Restricted stock units			1,132,359			—			1,115,887			899,856
Common stock warrants			177,716			—			257,213			396,665
Diluted			17,902,712			15,250,146			17,523,734			16,594,759

Earnings (loss) per common share:
Basic		$	0.07		$	(0.04	)	$	0.08		$	0.02
Diluted		$	0.06		$	(0.04	)	$	0.07		$	0.02
Excluded from computation:
Options to purchase common stock			935,899			803,348			824,218			707,889
Restricted stock units			344,990			1,239,821			278,685			257,701
Common stock warrants			826,709			1,438,415			774,455			1,095,044
			2,107,598			3,481,584			1,877,358			2,060,634