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NET LOSS PER SHARE
 6 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
NET LOSS PER SHARE

NOTE 5. NET 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 27,683 and 32,721 have been excluded from diluted weighted average common shares for the three months ended December 31, 2014 and 2013, as the effect would have been anti-dilutive. Similarly, potential common shares of 23,399 and 20,462 have been excluded from diluted weighted average common shares for the six months ended December 31, 2014 and 2013, 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
December 31,		   Six Months Ended
December 31,
    2014   2013   2014   2013
Basic & Diluted:                                
Loss from continuing operations   $ (202 )   $ (338 )   $ (383 )   $ (320 )
Weighted average shares outstanding     4,170       3,343       4,190       3,344  
Basic and diluted loss per share from continuing operations   $ (0.05 )   $ (0.10 )   $ (0.09 )   $ (0.10 )
                                 
Income from discontinued operations   $ 10     $ —     $ 21     $ 194  
Weighted average shares outstanding     4,170       3,343       4,190       3,344  
Basic and diluted earnings per share from discontinued operations   $ 0.00     $ 0.00     $ 0.00     $ 0.06  
                                 
Net loss   $ (192 )   $ (338 )   $ (362 )   $ (126 )
Weighted average shares outstanding     4,170       3,343       4,190       3,344  
Basic and diluted loss per share   $ (0.05 )   $ (0.10 )   $ (0.09 )   $ (0.04 )