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Net Income Per Share (Tables)
3 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted income per share
The following table sets forth the computation of basic and diluted income per share:
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Numerator
 
 

 
 

Net income available to common shareholders
 
$
960,435

 
$
1,303,876

Denominator
 
 

 
 

Weighted average number of common shares — Basic
 
32,682,401

 
28,607,320

Effect of dilutive securities:
 
 

 
 

Weighted average of contingent restricted stock grants
 
1,552

 

Weighted average of stock options
 
142,297

 
3,603,945

Weighted average number of common shares and dilutive potential common shares used in diluted EPS
 
32,826,250

 
32,211,265

 
 
 
 
 
Net income per common share — Basic
 
$
0.03

 
$
0.05

Net income per common share — Diluted
 
$
0.03

 
$
0.04

Schedule of outstanding potentially dilutive securities
Outstanding potentially dilutive securities as of September 30, 2013 were as follows:
Outstanding Potential Dilutive Securities
Weighted
Average
Exercise Price
 
At
September 30,
2013
Stock options
$
1.99

 
4,822,820

Outstanding potentially dilutive securities as of September 30, 2014 were as follows:
Outstanding Potential Dilutive Securities
Weighted
Average
Exercise Price
 
At
September 30,
2014
Contingent restricted stock grants
$

 
56,286

Stock options
$
2.08

 
178,061

 
$
1.58

 
234,347