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Net Income (Loss) Per Share
 6 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income (Loss) Per Share
 
The following table sets forth the computation of basic and diluted income (loss) per share:
 
Three Months Ended December 31,
 
Six Months Ended December 31,
 
2014
 
2013
 
2014
 
2013
Numerator
 

 
 

 
 

 
 

Net income (loss) available to common shareholders
$
1,071,342

 
$
(577,459
)
 
$
2,031,777

 
$
726,417

Denominator
 

 
 

 
 

 
 

Weighted average number of common shares — Basic
32,825,631

 
30,063,676

 
32,754,016

 
29,335,498

Effect of dilutive securities:
 

 
 

 
 

 
 

   Contingent restricted stock grants
6,432

 
—

 
1,785

 
—

   Stock options
115,217

 
—

 
128,953

 
3,042,420

Weighted average number of common shares and dilutive potential common shares used in diluted EPS
32,947,280

 
30,063,676

 
32,884,754

 
32,377,918

 
 
 
 
 
 
 
 
Net income (loss) per common share — Basic
$
0.03

 
$
(0.02
)
 
$
0.06

 
$
0.03

Net income (loss) per common share — Diluted
$
0.03

 
$
(0.02
)
 
$
0.06

 
$
0.02


 
Outstanding potentially dilutive securities as of December 31, 2014 were as follows:
Outstanding Potential Dilutive Securities
Weighted
Average
Exercise Price
 
At
December 31,
2014
Contingent restricted stock grants
—

 
56,286

Stock options
$
2.25

 
141,061

 
$
1.61

 
197,347

 
Outstanding potentially dilutive securities as of December 31, 2013 were as follows:
Outstanding Potential Dilutive Securities
Weighted
Average
Exercise Price
 
At
December 31,
2013
Stock options
$
2.01

 
753,005