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Net Income (Loss) Per Share
 9 Months Ended
Mar. 31, 2012
Net Income (Loss) Per Share [Abstract]  
Net Income (Loss) Per Share

NOTE 4. NET INCOME (LOSS) PER SHARE

The difference in the weighted average shares outstanding used in the calculation of basic and diluted net income (loss) per share for the three and nine months ended March 31, 2012 and 2011 is as follows:

 

     Three Months Ended
March 31,		  
     2012     2011  

Numerators for basic and diluted per share data:

     

Income (loss) from continuing operations

    $ (513,000 )    $ 909,000   

Income (loss) from discontinued operations

      26,000        (41,000 ) 
  

 

 

    

 

 

  

Net income (loss)

    $ (487,000 )    $ 868,000   
  

 

 

    

 

 

  

Denominators for basic and diluted per share data:

     

Basic:

     

Weighted average common shares outstanding

      3,272,350        3,272,350   
  

 

 

    

 

 

  

Shares used in the computation of basic per share data

      3,272,350        3,272,350   
  

 

 

    

 

 

  

Diluted:

     

Shares used in the computation of basic per share data

      3,272,350        3,272,350   

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

      —        16,974   
  

 

 

    

 

 

  

Shares used in the computation of diluted per share data

      3,272,350        3,289,324   
  

 

 

    

 

 

  

Basic per share data:

     

Income (loss) from continuing operations

    $ (0.16 )    $ 0.28   

Income (loss) from discontinued operations

      0.01        (0.01 ) 
  

 

 

    

 

 

  

Net income (loss)

    $ (0.15 )    $ 0.27   
  

 

 

    

 

 

  

Diluted per share data:

     

Income (loss) from continuing operations

    $ (0.16 )    $ 0.27   

Income (loss) from discontinued operations

      0.01        (0.01 ) 
  

 

 

    

 

 

  

Net income (loss)

    $ (0.15 )    $ 0.26   
  

 

 

    

 

 

  

 

     Nine Months Ended
March 31,		  
     2012     2011  

Numerators for basic and diluted per share data:

     

Income (loss) from continuing operations

    $ (427,000 )    $ 1,869,000   

Income (loss) from discontinued operations

      95,000        (258,000 ) 
  

 

 

    

 

 

  

Net income (loss)

    $ (332,000 )    $ 1,611,000   
  

 

 

    

 

 

  

Denominators for basic and diluted per share data:

     

Basic:

     

Weighted average common shares outstanding

      3,272,350        3,262,474   
  

 

 

    

 

 

  

Shares used in the computation of basic per share data

      3,272,350        3,262,474   
  

 

 

    

 

 

  

Diluted:

     

Shares used in the computation of basic per share data

      3,272,350        3,262,474   

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

      —        8,075   
  

 

 

    

 

 

  

Shares used in the computation of diluted per share data

      3,272,350        3,270,549   
  

 

 

    

 

 

  

Basic per share data:

     

Income (loss) from continuing operations

    $ (0.13 )    $ 0.57   

Income (loss) from discontinued operations

    $ 0.03      $ (0.08 ) 
  

 

 

    

 

 

  

Net income (loss)

    $ (0.10 )    $ 0.49   
  

 

 

    

 

 

  

Diluted per share data:

     

Income (loss) from continuing operations

    $ (0.13 )    $ 0.57   

Income (loss) from discontinued operations

      0.03        (0.08 ) 
  

 

 

    

 

 

  

Net income (loss)

    $ (0.10 )    $ 0.49   
  

 

 

    

 

 

  

 

Potentially dilutive securities, consisting of options to purchase shares of our common stock as described in Note 8, are not included in the calculation of diluted loss per share for the three and nine months ended March 31, 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 been excluded from the diluted per share calculations for the three and nine months ended March 31, 2011, due to their anti-dilutive effect. Shares represented by such options amounted to 171,804 and 149,134 for the three and nine months ended March 31, 2011, respectively.