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Net Income Per Share (Tables) | 12 Months Ended
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Jun. 30, 2016
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,
| 2016 |  | 2015 |  | 2014
Numerator |  |  |  |  |
Net income attributable to common shareholders | $ | 23,986,060 |  |  | $ | 4,317,555 |  |  | $ | 2,923,011 |
Denominator |  |  |  |  |
Weighted average number of common shares – Basic | 32,810,375 |  |  | 32,817,456 |  |  | 30,895,832 |
Effect of dilutive securities: |  |  |  |  |
Contingent restricted stock grants | 9,378 |  |  | 4,422 |  |  | — |
Stock Options | 41,478 |  |  | 102,140 |  |  | 1,668,235 |
Total weighted average dilutive securities | 50,856 |  |  | 106,562 |  |  | 1,668,235 |
Weighted average number of common shares and dilutive potential common shares used in diluted EPS | 32,861,231 |  |  | 32,924,018 |  |  | 32,564,067 |
Net income per common share – Basic | $ | 0.73 |  |  | $ | 0.13 |  |  | $ | 0.09 |
Net income per common share – Diluted | $ | 0.73 |  |  | $ | 0.13 |  |  | $ | 0.09 |
Schedule of outstanding potentially dilutive securities | The following were reflected in the calculation of diluted earnings per share as of June 30, 2016:
Outstanding Potential Dilutive Securities | Weighted Average Exercise Price |  | Outstanding at June 30, 2016
Contingent Restricted Stock grants | $ | — |  |  | 91,172 |
Stock Options | 2.19 |  |  | 35,231 |
Total | $ | 0.61 |  |  | 126,403 |
The following were 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 | $ | — |  |  | 56,286 |
Stock Options | $ | 2.50 |  |  | 91,061 |
Total | $ | 1.55 |  |  | 147,347 |
The following were 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 |

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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 + Details
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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 + Details
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