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Net Income Per Share (Tables)

6 Months Ended

Dec. 31, 2016

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,
	2016				2015				2016				2015
Numerator
Net income available to common shareholders	$	2,307,634			$	654,697			$	2,870,979			$	3,578,349
Denominator
Weighted average number of common shares — Basic	33,047,166				32,741,166				33,002,088				32,729,705
Effect of dilutive securities:
Contingent restricted stock grants	9,836				9,795				10,909				9,322
Stock options	26,025				51,479				24,272				50,434
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	33,083,027				32,802,440				33,037,269				32,789,461
Net income per common share — Basic	$	0.07			$	0.02			$	0.09			$	0.11
Net income per common share — Diluted	$	0.07			$	0.02			$	0.09			$	0.11

Schedule of outstanding potentially dilutive securities

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

Outstanding Potentially Dilutive Securities		Weighted Average Exercise Price				At December 31, 2016
Contingent Restricted Stock grants		$	—			113,270
Stock Options		2.19				35,231
Total outstanding potentially dilutive securities		$	0.52			148,501

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

Outstanding Potentially Dilutive Securities		Weighted Average Exercise Price				At December 31, 2015
Contingent Restricted Stock grants		$	—			106,826
Stock Options		2.40				85,231
Total outstanding potentially dilutive securities		$	1.07			192,057

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- References

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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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