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Net Income Per Share | 9 Months Ended
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Mar. 31, 2017
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per Share The following table sets forth the computation of basic and diluted income per share:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2017 |  | 2016 |  | 2017 |  | 2016
Numerator |  |  |  |  |  |  |  |  |  |  |
Net income (loss) available to common shareholders | $ | 2,419,143 |  |  | $ | (298,183 | ) |  | $ | 5,290,122 |  |  | $ | 3,280,166 |
Denominator |  |  |  |  |  |  |  |  |  |  |
Weighted average number of common shares — Basic | 33,062,297 |  |  | 32,879,381 |  |  | 33,021,865 |  |  | 32,779,234 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Contingent restricted stock grants | 27,216 |  |  | — |  |  | 17,860 |  |  | 8,418 |
Stock options | 26,186 |  |  | — |  |  | 24,983 |  |  | 47,113 |
Weighted average number of common shares and dilutive potential common shares used in diluted EPS | 33,115,699 |  |  | 32,879,381 |  |  | 33,064,708 |  |  | 32,834,765 |
Net income (loss) per common share — Basic | $ | 0.07 |  |  | $ | (0.01 | ) |  | $ | 0.16 |  |  | $ | 0.10 |
Net income (loss) per common share — Diluted | $ | 0.07 |  |  | $ | (0.01 | ) |  | $ | 0.16 |  |  | $ | 0.10 |
Outstanding potentially dilutive securities as of March 31, 2017 were as follows:
Outstanding Potentially Dilutive Securities |  | Weighted Average Exercise Price |  | At March 31, 2017
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 March 31, 2016 were as follows:
Outstanding Potentially Dilutive Securities |  | Weighted Average Exercise Price |  | At March 31, 2016
Contingent Restricted Stock grants |  | $ | — |  |  | 91,172 |
Stock Options |  | 2.36 |  |  | 65,231 |
Total outstanding potentially dilutive securities |  | $ | 0.98 |  |  | 156,403 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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