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Per Share Information
 12 Months Ended
Jun. 30, 2012
Per Share Information [Abstract]  
PER SHARE INFORMATION

NOTE 11 – PER SHARE INFORMATION

The difference in the weighted average shares outstanding used in the calculation of basic and diluted per share information for fiscal year 2012 and 2011 is as follows:

 

                 
    Years Ended June 30,  
    2012     2011  

Numerators for basic and diluted per share data:

                

Income (loss) from continuing operations

   $ (960,000 )    $ 2,800,000  

Income (loss) from discontinued operations

     84,000       (160,000 ) 
   

 

 

    

 

 

  
     

Net income (loss)

   $ (876,000 )    $ 2,640,000  
   

 

 

    

 

 

  
     

Denominators for basic and diluted per share data:

                

Basic:

                

Weighted average common shares outstanding

     3,272,350       3,264,936  
   

 

 

    

 

 

  
     

Shares used in the computation of basic per share data

     3,272,350       3,264,936  
   

 

 

    

 

 

  
     

Diluted:

                

Shares used in the computation of basic per share data

     3,272,350       3,264,936  

Net shares assumed issued using the treasury stock method for outstanding common stock options

     —         22,479  
   

 

 

    

 

 

  
     

Shares used in the computation of diluted per share data

     3,272,350       3,287,415  
   

 

 

    

 

 

  
     

Basic per share data:

                

Income (loss) from continuing operations

   $ (0.29 )    $ 0.86  

Income (loss) from discontinued operations

     0.02       (0.05 ) 
   

 

 

    

 

 

  
     

Net income (loss)

   $ (0.27 )    $ 0.81  
   

 

 

    

 

 

  
     

Diluted per share data:

                

Income (loss) from continuing operations

   $ (0.29 )    $ 0.85  

Income (loss) from discontinued operations

     0.02       (0.05 ) 
   

 

 

    

 

 

  
     

Net income (loss)

   $ (0.27 )    $ 0.80  
   

 

 

    

 

 

  

 

Potentially dilutive securities, consisting of options to purchase shares of our common stock as described in Note 9, are not included in the calculation of diluted loss per share for the year ended June 30, 2012 due to their anti-dilutive effect on the diluted loss per share calculations for that period.

Options having exercise prices that are greater than the per share market price for our common stock have also been excluded from the diluted per share calculation for fiscal year 2011. Shares represented by such options were 107,508.