Net Income (Loss) Per Share (Tables)

9 Months Ended

Mar. 31, 2016

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,
	2016			2015		2016		2015
Numerator
Net income (loss) available to common shareholders	$	(298,183	)	$	566,011	$	3,280,166	$	2,597,788
Denominator
Weighted average number of common shares — Basic	32,879,381			32,861,001		32,779,234		32,789,157
Effect of dilutive securities:
Contingent restricted stock grants	—			5,954		8,418		3,568
Stock options	—			91,263		47,113		117,256
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	32,879,381			32,958,218		32,834,765		32,909,981

Net income (loss) per common share — Basic	$	(0.01	)	$	0.02	$	0.10	$	0.08
Net income (loss) per common share — Diluted	$	(0.01	)	$	0.02	$	0.10	$	0.08

Schedule of outstanding potentially dilutive securities

Outstanding potentially dilutive securities as of March 31, 2016 were as follows:



Outstanding Potentially Dilutive Securities	Weighted Average Exercise Price		At March 31, 2016
Contingent Restricted Stock grants (a)	$	—	46,630
Stock Options	2.36		65,231
	$	1.38	111,861

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



Outstanding Potentially Dilutive Securities	Weighted Average Exercise Price		At March 31, 2015
Contingent Restricted Stock grants (a)	$	—	17,961
Stock Options	2.50		91,061
	$	2.09	109,022

(a) Contingent Restricted Stock grants for which vesting is not considered probable for accounting purposes are excluded from potentially dilutive securities outstanding.