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NET INCOME (LOSS) PER SHARE
 3 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE

NOTE 6. NET INCOME (LOSS) PER SHARE

 

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

 

Potential common shares of 18,622 have been excluded from diluted weighted average common shares for the three months ended September 30, 2015 as the effect would have been anti-dilutive. The following table presents reconciliations of the numerators and denominators of the basic and diluted income (loss) per share computations. 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,		  
    2016     2015  
Basic:                
Net income (loss)   $ 286     $ (125 )
Weighted average shares outstanding     4,062       4,141  
Basic earnings (loss) per share from continuing operations   $ 0.07     $ (0.03 )
Diluted:                
Net income (loss)   $ 286     $ (125 )
Weighted average shares outstanding     4,062       4,141  
Effect of dilutive securities – stock options     40,984       —  
Weighted average shares used in calculation of diluted earnings per share     4,103       4,141  
Diluted earnings (loss) per share   $ 0.07     $ (0.03 )