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Net Income (Loss) Per Share
 12 Months Ended
Jun. 30, 2013
Net Income (Loss) Per Share  
Net Income (Loss) Per Share

Note 12—Net Income (Loss) Per Share

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

 
   Year Ended June 30,  
 
   2013   2012   2011  

Numerator

                    

Net income (loss) attributable to common shareholders

   $ 5,954,126   $ 4,501,739   $ (241,553 )
               

Denominator

                    

Weighted average number of common shares—Basic

     28,205,467     27,784,298     27,437,496  
               

Effect of dilutive securities:

                    

Common stock warrants issued in connection with equity and financing transactions

     878     63,319     —  

Stock Options and Incentive Warrants

     3,768,786     3,762,312     —  
               

Total weighted average dilutive securities

     3,769,664     3,825,631     —  
               

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

     31,975,131     31,609,929     27,437,496  
               

Net income (loss) per common share—Basic

   $ 0.21   $ 0.16   $ (0.01 )

Net income (loss) per common share—Diluted

   $ 0.19   $ 0.14   $ (0.01 )
*
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 June 30, 2013 are as follows:

Outstanding Potential Dilutive Securities
  Weighted
Average
Exercise Price		   Outstanding at
June 30, 2013		  

Common stock warrants issued in connection with equity and financing transactions

   $ 2.50     1,165  

Stock Options and Incentive Warrants

   $ 1.99     4,822,820  
           

Total

   $ 1.99     4,823,985  
           

        Outstanding potentially dilutive securities as of June 30, 2012 are as follows:

Outstanding Potential Dilutive Securities
  Weighted
Average
Exercise Price		   Outstanding at
June 30, 2012		  

Common stock warrants issued in connection with equity and financing transactions

   $ 2.50     1,165  

Stock Options and Incentive Warrants

   $ 1.83     5,485,820  
           

Total

   $ 1.83     5,486,985  
           

        Outstanding potentially dilutive securities as of June 30, 2011 are as follows:

Outstanding Potential Dilutive Securities
  Weighted
Average
Exercise Price		   Outstanding at
June 30, 2011		  

Common stock warrants issued in connection with equity and financing transactions

   $ 2.50     92,365  

Stock Options and Incentive Warrants

   $ 1.85     5,392,820  
           

Total

   $ 1.86     5,485,185