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Net Income Per Share (Tables)
6 Months Ended
Dec. 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 per share:
 
Three Months Ended December 31,
 
Six Months Ended December 31,
 
2015
 
2014
 
2015
 
2014
Numerator
 

 
 

 
 

 
 

Net income available to common shareholders
$
654,697

 
$
1,071,342

 
$
3,578,349

 
$
2,031,777

Denominator
 

 
 

 
 

 
 

Weighted average number of common shares — Basic
32,741,166

 
32,825,631

 
32,729,705

 
32,754,016

Effect of dilutive securities:
 

 
 

 
 

 
 

   Contingent restricted stock grants
9,795

 
6,432

 
9,322

 
1,785

   Stock options
51,479

 
115,217

 
50,434

 
128,953

Weighted average number of common shares and dilutive potential common shares used in diluted EPS
32,802,440

 
32,947,280

 
32,789,461

 
32,884,754

 
 
 
 
 
 
 
 
Net income per common share — Basic
$
0.02

 
$
0.03

 
$
0.11

 
$
0.06

Net income per common share — Diluted
$
0.02

 
$
0.03

 
$
0.11

 
$
0.06

Schedule of outstanding potentially dilutive securities
Outstanding potentially dilutive securities as of December 31, 2015 were as follows:
Outstanding Potential Dilutive Securities
 
Weighted
Average
Exercise Price
 
At December 31, 2015
Contingent Restricted Stock grants (a)
 
$

 
46,630

Stock Options
 
2.40

 
85,231

 
 
$
1.55

 
131,861

 
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 (a)
 
$

 
17,961

Stock Options
 
2.25

 
141,061

 
 
$
2.00

 
159,022