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Earnings Per Share
 9 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

10.   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, 
   2017   2016   2017   2016 
                 
Net income  $100,824   $775,758   $1,338,987   $1,083,148 
                     
Basic   23,818,136    15,530,574    18,621,072    15,339,337 
                     
Options to purchase common stock   208,429    193,488    92,094    73,737 
RSUs   1,267,572    1,102,129    1,139,142    935,041 
Common  stock warrants   334,566    577,961    293,668    495,765 
Diluted   25,628,703    17,404,152    20,145,976    16,843,880 
                     
Earnings per common share:                    
Basic  $0.00   $0.05   $0.07   $0.07 
Diluted  $0.00   $0.04   $0.07   $0.06 
                     
Options to purchase common stock   883,701    631,869    868,209    708,811 
RSUs   262,983    209,666    300,096    273,553 
Common  stock warrants   531,925    578,212    683,744    885,277 
    1,678,609    1,419,747    1,852,049    1,867,641