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NET INCOME (LOSS) PER SHARE
3 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE

NOTE 4. NET INCOME (LOSS) PER SHARE

The Company calculates basic net earnings (loss) per share by dividing net income (loss) by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share reflects the effects of potentially dilutive securities, which consist entirely of outstanding stock options.

Potential common shares of 18,693 have been excluded from diluted weighted average common shares for the three months ended September 30, 2014, as the effect would have been anti-dilutive. The following table presents reconciliations of the numerators and denominators of the basic and diluted earnings (loss) per share computations for net income (loss). In the tables below, income (loss) amounts represent the numerator, and share amounts represent the denominator (in thousands, except per share amounts):

                 
    Three Months Ended
September 30,
 
    2014     2013  
Basic:            
Income (loss) from continuing operations   $ (181 )   $ 18  
Weighted average shares outstanding     4,209       3,345  
Basic income (loss) per share from continuing operations   $ (0.04 )   $ 0.00  
Income from discontinued operations   $ 11     $ 194  
Weighted average shares outstanding     4,209       3,345  
Basic income (loss) per share from discontinued operations   $ 0.00     $ 0.06  
Net income (loss)   $ (170 )   $ 212  
Weighted average shares outstanding     4,209       3,345  
Basic income (loss) per share   $ (0.04 )   $ 0.06  
Diluted:                
Income (loss) from continuing operations   $ (181 )   $ 18  
Weighted average shares outstanding     4,209       3,345  
Effect of dilutive securities – stock options           8  
Weighted average shares used in calculation of diluted earnings per share     4,209       3,353  
Basic and diluted loss per share from continuing operations   $ (0.04 )   $ 0.00  
Income from discontinued operations   $ 11     $ 194  
Weighted average shares outstanding     4,209       3,345  
Effect of dilutive securities – stock options           8  
Weighted average shares used in calculation of diluted earnings per share     4,209       3,353  
Diluted income per share from discontinued operations   $ 0.00     $ 0.06  
Net income (loss)   $ (170 )   $ 212  
Weighted average shares used in calculation of diluted earnings per share     4,209       3,353  
Diluted earnings (loss) per share   $ (0.04 )   $ 0.06