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Net Income Per Share (Tables)

9 Months Ended

Mar. 31, 2015

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 (loss) per share:

	Three Months Ended March 31,								Nine Months Ended March 31,
	2015				2014				2015				2014
Numerator
Net income available to common shareholders	$	566,011			$	755,125			$	2,597,788			$	1,481,542
Denominator
Weighted average number of common shares — Basic	32,861,001				32,358,163				32,789,157				30,328,344
Effect of dilutive securities:
Contingent restricted stock grants	5,954				—				3,568				—
Stock options	91,263				373,886				117,256				2,175,116
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	32,958,218				32,732,049				32,909,981				32,503,460
Net income per common share — Basic	$	0.02			$	0.02			$	0.08			$	0.05
Net income per common share — Diluted	$	0.02			$	0.02			$	0.08			$	0.05

Schedule of outstanding potentially dilutive securities

Outstanding potentially dilutive securities as of March 31, 2015 were as follows:

Outstanding Potential Dilutive Securities	Weighted Average Exercise Price				At March 31, 2015
Contingent Restricted Stock grants	—				56,286
Stock Options	$	2.50			91,061
	$	1.55			147,347

Outstanding potentially dilutive securities as of March 31, 2014 were as follows:

Outstanding Potential Dilutive Securities	Weighted Average Exercise Price				At March 31, 2014
Stock options	$	2.02			228,061

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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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