XML 28 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Income (loss) Per Share
 6 Months Ended
Dec. 31, 2011
Net Income (loss) Per Share  
Net Income (loss) Per Share

Note 8 — Net Income (loss) Per Share

 

The following table sets forth the computation of basic and diluted income (loss) per share:

 

 

 

Three Months Ended
December 31,

 

Six Months Ended
December 31,

 

 

 

2011

 

2010

 

2011

 

2010

 

Numerator

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common shareholders

 

$

1,259,950

 

$

(461,535

)

$

2,275,633

 

$

(946,869

)

 

 

 

 

 

 

 

 

 

 

Denominator*

 

 

 

 

 

 

 

 

 

Weighted average number of common shares — Basic

 

27,792,768

 

27,457,118

 

27,731,062

 

27,308,920

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Common stock warrants issued in connection with equity and financing transactions

 

61,187

 

—

 

60,149

 

—

 

Stock Options and Incentive Warrants

 

3,661,316

 

—

 

3,603,317

 

—

 

Total weighted average dilutive securities

 

3,722,503

 

—

 

3,663,466

 

—

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares and dilutive potential common shares used in diluted EPS

 

31,515,271

 

27,457,118

 

31,394,528

 

27,308,920

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share — Basic

 

$

0.05

 

$

(0.02

)

$

0.08

 

$

(0.03

)

Net income (loss) per common share — Diluted

 

$

0.04

 

$

(0.02

)

$

0.07

 

$

(0.03

)

 

* Potential dilutive common shares are excluded from the computation of net loss per common shares because their effect will always be anti-dilutive.

 

Outstanding potentially dilutive securities as of December 31, 2011 are as follows:

 

Outstanding Potential Dilutive Securities

 

Weighted
Average
Exercise Price

 

Outstanding at
December 31,
2011

 

 

 

 

 

 

 

Common stock warrants issued in connection with equity and financing transactions

 

$

2.50

 

92,365

 

Stock Options and Incentive Warrants

 

$

1.83

 

5,372,820

 

Total

 

$

1.84

 

5,465,185

 

 

Outstanding potentially dilutive securities as of December 31, 2010 are as follows:

 

Outstanding Potential Dilutive Securities

 

Weighted
Average
Exercise Price

 

Outstanding at
December 31,
2010

 

 

 

 

 

 

 

Common stock warrants issued in connection with equity and financing transactions

 

$

1.87

 

159,308

 

Stock Options and Incentive Warrants

 

$

1.85

 

5,442,820

 

Total

 

$

1.83

 

5,602,128