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8. EARNINGS PER SHARE (Tables)

12 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE

		Year Ended June 30,
		2012				2011
Net income (loss) attributable to parent company		$	(128,974	)		$	4,545,529
Weighted-average shares of common stock outstanding:
Basic			11,858,813				12,279,927
Dilutive effect of common stock equivalents arising from stock options			–				183,658
Diluted Outstanding shares			11,858,813				12,463,585
Basic earnings (loss) per share		$	(0.01	)		$	0.37
Diluted earnings (loss) per share		$	(0.01	)		$	0.36

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Tabular disclosure of an entity's basic and diluted earnings per share calculations.

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