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Net Income Per Share (Tables)
6 Months Ended
Dec. 31, 2012
Net Income Per Share  
Schedule of computation of basic and diluted loss per share

 

 

 

 

Three Months Ended December 31,

 

Six Months Ended December 31,

 

 

 

2012

 

2011

 

2012

 

2011

 

Numerator

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

1,790,696

 

$

1,259,950

 

$

2,781,647

 

$

2,275,633

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares — Basic

 

28,071,317

 

27,792,768

 

28,032,223

 

27,731,062

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Common stock warrants issued in connection with equity and financing transactions

 

839

 

61,187

 

845

 

60,149

 

Stock Options and Incentive Warrants

 

3,784,261

 

3,661,316

 

3,803,915

 

3,603,317

 

Total weighted average dilutive securities

 

3,785,100

 

3,722,503

 

3,804,760

 

3,663,466

 

 

 

 

 

 

 

 

 

 

 

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

 

31,856,417

 

31,515,271

 

31,836,983

 

31,394,528

 

 

 

 

 

 

 

 

 

 

 

Net income per common share — Basic

 

$

0.06

 

$

0.05

 

$

0.10

 

$

0.08

 

Net income per common share — Diluted

 

$

0.06

 

$

0.04

 

$

0.09

 

$

0.07

 

Schedule of outstanding potentially dilutive securities

 

 

Outstanding Potential Dilutive Securities

 

Weighted
Average
Exercise Price

 

Outstanding at
December 31,
2012

 

 

 

 

 

 

 

Common stock warrants issued in connection with equity and financing transactions

 

$

2.50

 

1,165

 

Stock Options and Incentive Warrants

 

$

1.82

 

5,342,820

 

Total

 

$

1.82

 

5,343,985

 

 

 

 

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