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Net Income Per Share (Tables)

12 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted income (loss) 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

Schedule of outstanding potentially dilutive securities

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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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 260



-SubTopic 10



-Section 50



-Paragraph 1



-Subparagraph (c)



-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 260



-SubTopic 10



-Section 50



-Paragraph 1



-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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