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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Schedule of Revenue by Major Customers
The following table summarizes revenue concentrations:
 
 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
December 31,
 
 
December 31,
 
 
 
2014
 
2013
 
 
2014
 
2013
 
Customer A
 
 
*
 
 
14
%
 
 
*
 
 
*
 
Schedule of Concentration of Risk
The following table summarizes vendor concentrations:
 
 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
December 31,
 
 
December 31,
 
 
 
2014
 
 
2013
 
 
2014
 
 
2013
 
Vendor A
 
 
18
%
 
 
28
%
 
 
16
%
 
 
21
%
Vendor B
 
 
14
%
 
 
*
 
 
 
13
%
 
 
*
 
Vendor C
 
 
11
%
 
 
*
 
 
 
*
 
 
 
12
%
Vendor D
 
 
11
%
 
 
*
 
 
 
10
%
 
 
11
%
 
* Less than 10%
Schedule Of Foreign Currency Exchange Rate
The following table summarizes the exchange rates used:
 
 
 
Six Months Ended
 
Year Ended
 
 
 
December 31,
 
June 30,
 
 
 
2014
 
2013
 
2014
 
2013
 
Period end Euro : US Dollar exchange rate
 
 
1.22
 
 
1.38
 
 
1.36
 
 
1.30
 
Average period Euro : US Dollar exchange rate
 
 
1.29
 
 
1.34
 
 
1.36
 
 
1.29
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period end Mexican Peso : US Dollar exchange rate
 
 
0.07
 
 
0.08
 
 
0.08
 
 
0.08
 
Average period Mexican Peso : US Dollar exchange rate
 
 
0.07
 
 
0.08
 
 
0.08
 
 
0.08
 
Schedule of Earnings Per Share, Basic and Diluted
The calculation of basic and diluted net income (loss) per share is presented below:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
December 31,
 
December 31,
 
 
 
2014
 
2013
 
2014
 
2013
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(94,176)
 
$
(467,604)
 
$
(101,112)
 
$
(564,654)
 
Income (loss) from discontinued operations
 
 
-
 
 
21,048
 
 
1,152,951
 
 
(24,849)
 
Net income (loss)
 
$
(94,176)
 
$
(446,556)
 
$
1,051,839
 
$
(589,503)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding (basic)
 
 
17,456,711
 
 
17,171,633
 
 
17,431,020
 
 
17,071,049
 
Effect of dilutive unvested restricted common stock
 
 
-
 
 
-
 
 
407,943
 
 
-
 
Effect of dilutive stock options and warrants
 
 
-
 
 
-
 
 
1,596
 
 
-
 
Weighted average shares outstanding (diluted)
 
 
17,456,711
 
 
17,171,633
 
 
17,840,559
 
 
17,071,049
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) per share from continuing operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.01)
 
$
(0.03)
 
$
(0.01)
 
$
(0.03)
 
Diluted
 
$
(0.01)
 
$
(0.03)
 
$
(0.01)
 
$
(0.03)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) per share from discontinued operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
-
 
$
-
 
$
0.07
 
$
-
 
Diluted
 
$
-
 
$
-
 
$
0.07
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.01)
 
$
(0.03)
 
$
0.06
 
$
(0.03)
 
Diluted
 
$
(0.01)
 
$
(0.03)
 
$
0.06
 
$
(0.03)