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Net Income Per Share | 12 Months Ended
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Jun. 30, 2015
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per Share The following table sets forth the computation of basic and diluted net income per share:
| June 30,
| 2015 |  | 2014 |  | 2013
Numerator |  |  |  |  |
Net income attributable to common shareholders | $ | 4,317,555 |  |  | $ | 2,923,011 |  |  | $ | 5,954,126 |
Denominator |  |  |  |  |
Weighted average number of common shares—Basic | 32,817,456 |  |  | 30,895,832 |  |  | 28,205,467 |
Effect of dilutive securities: |  |  |  |  |
Contingent restricted stock grants | 4,422 |  |  | — |  |  | — |
Common stock warrants issued in connection with equity and financing transactions | — |  |  | — |  |  | 878 |
Stock Options and Incentive Warrants | 102,140 |  |  | 1,668,235 |  |  | 3,768,786 |
Total weighted average dilutive securities | 106,562 |  |  | 1,668,235 |  |  | 3,769,664 |
Weighted average number of common shares and dilutive potential common shares used in diluted EPS | 32,924,018 |  |  | 32,564,067 |  |  | 31,975,131 |
Net income per common share—Basic | $ | 0.13 |  |  | $ | 0.09 |  |  | $ | 0.21 |
Net income per common share—Diluted | $ | 0.13 |  |  | $ | 0.09 |  |  | $ | 0.19 |
The following are reflected in the calculation of diluted earnings per share as of June 30, 2015:
Outstanding Potential Dilutive Securities | Weighted Average Exercise Price |  | Outstanding at June 30, 2015
Contingent Restricted Stock grants | $ | — |  |  | 17,961 |
Stock Options | 2.50 |  |  | 91,061 |
Total | $ | 2.09 |  |  | 109,022 |
The following are reflected in the calculation of diluted earnings per share as of June 30, 2014:
Outstanding Potential Dilutive Securities | Weighted Average Exercise Price |  | Outstanding at June 30, 2014
Stock Options | $ | 2.08 |  |  | 178,061 |
The following are reflected in the calculation of diluted earnings per share as of June 30, 2013:
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 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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