v2.4.0.6
NET INCOME (LOSS) PER SHARE (Tables)
 3 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

The following represents a reconciliation of the numerators and denominators of the basic and diluted earnings per share computation for the three months ended September 30, 2012:     

 

Three months ended September 30, 2012

 

 

Net income attributable to

common shareholders

(Numerator)

 

 

 

Shares

(Denominator)

 

 

 

Per share

Amount

 

Basic EPS

 

$

27,309

 

 

 

126,619,790

 

 

$

0.000

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

-

 

 

 

79,467

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

$

27,309

 

 

 

126,699,257

 

 

$

0.000

 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

All outstanding securities that could potentially dilute basic earnings (loss) per share ("EPS") were not included in the computation of diluted EPS because to do so would have been anti-dilutive for the three months ended September 30, 2012 and 2011.  Shares potentially issuable consist of the following:

 

 

 

 

Shares Potentially Issuable

 

 

 

 

2012

 

 

 

2011

 

Series E 5% Convertible Preferred Stock

 

 

2,251,391

 

 

 

6,754,173

 

Series F Convertible Preferred Stock

 

 

45,000,000

 

 

 

—

 

Series G Convertible Preferred Stock

 

 

62,500,000

 

 

 

—

 

Convertible notes payable

 

 

53,072,204

 

 

 

—

 

Stock options

 

 

46,930,000

 

 

 

43,220,000

 

Warrants

 

 

2,395,000

 

 

 

75,000

 

Total

 

 

212,148,595

 

 

 

50,049,173