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Net Income Per Share (Tables)
3 Months Ended
Sep. 30, 2013
Net Income Per Share  
Schedule of computation of basic and diluted income per share

 

 

 

Three Months Ended September 30

 

 

 

2013

 

2012

 

Numerator

 

 

 

 

 

Net income available to common shareholders

 

$

1,303,876

 

$

990,951

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares — Basic

 

28,607,320

 

27,938,297

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

Common stock warrants issued in connection with equity and financing transactions

 

 

852

 

 

 

 

 

 

 

Stock Options and Incentive Warrants

 

3,603,945

 

3,824,339

 

 

 

 

 

 

 

Total weighted average dilutive securities

 

3,603,945

 

3,825,191

 

 

 

 

 

 

 

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

 

32,211,265

 

31,763,488

 

 

 

 

 

 

 

Net income per common share — Basic

 

$

0.05

 

$

0.04

 

Net income per common share — Diluted

 

$

0.04

 

$

0.03

 

 

Schedule of outstanding potentially dilutive securities

 

Outstanding Potential Dilutive Securities

 

Weighted
Average
Exercise Price

 

Outstanding at
September 30,
2013

 

 

 

 

 

 

 

Common stock warrants issued in connection with equity and financing transactions

 

$

 

 

Stock Options and Incentive Warrants

 

$

1.99

 

4,822,820

 

Total

 

$

1.99

 

4,822,820

 

 

 

Outstanding Potential Dilutive Securities

 

Weighted
Average
Exercise Price

 

Outstanding at
September 30,
2012

 

 

 

 

 

 

 

Common stock warrants issued in connection with equity and financing transactions

 

$

2.25

 

1,165

 

Stock Options and Incentive Warrants

 

$

1.82

 

5,342,820

 

Total

 

$

1.82

 

5,343,985