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General Information and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2013
General Information and Summary of Significant Accounting Policies [Abstract]  
Reconciliation of Weighted Average Shares Outstanding

Our diluted earnings per share calculation excludes 1,189,026 and 1,825,866 of potentially dilutive shares for the years ended June 30, 2013 and 2012, respectively, due to their anti-dilutive effect. The following reconciles basic and diluted weighted average shares outstanding:

 

    Year ended June 30,  
    2013     2012  
             
Basic weighted average shares outstanding     16,729,562       16,729,562  
Dilutive effect of:                
Convertible preferred stock     2,718,428       2,718,428  
Stock options     1,897       -  
Diluted weighted average shares outstanding     19,449,887       19,447,990