Net Income Per Share (Tables)

12 Months Ended

Jun. 30, 2014

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



	June 30,
	2014		2013		2012
Numerator
Net income attributable to common shareholders	$	2,923,011	$	5,954,126	$	4,501,739
Denominator
Weighted average number of common shares—Basic	30,895,832		28,205,467		27,784,298
Effect of dilutive securities:
Common stock warrants issued in connection with equity and financing transactions	—		878		63,319
Stock Options and Incentive Warrants	1,668,235		3,768,786		3,762,312
Total weighted average dilutive securities	1,668,235		3,769,664		3,825,631
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	32,564,067		31,975,131		31,609,929
Net income per common share—Basic	$	0.09	$	0.21	$	0.16
Net income per common share—Diluted	$	0.09	$	0.19	$	0.14

Outstanding potentially dilutive securities as of June 30, 2014 are as follows:



Outstanding Potential Dilutive Securities	Weighted Average Exercise Price		Outstanding at June 30, 2014
Common stock warrants issued in connection with equity and financing transactions	$	—	—
Stock Options	$	2.08	178,061
Total	$	2.08	178,061

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