Net Income Per Share (Tables)

9 Months Ended

Mar. 31, 2014

Net Income Per Share

Schedule of computation of basic and diluted income per share

	Three Months Ended March 31,				Nine Months Ended March 31,
	2014		2013		2014		2013
Numerator
Net income available to common shareholders	$	755,125	$	2,228,467	$	1,481,542	$	5,010,114
Denominator
Weighted average number of common shares — Basic	32,358,163		28,201,106		30,328,344		28,069,285
Effect of dilutive securities:
Common stock warrants issued in connection with equity and financing transactions	—		898		—		864
Stock Options and Incentive Warrants	373,886		3,888,148		2,175,116		3,841,659
Total weighted average dilutive securities	373,886		3,889,046		2,175,116		3,842,523
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	32,732,049		32,090,152		32,503,460		31,911,808
Net income per common share — Basic	$	0.02	$	0.08	$	0.05	$	0.18
Net income per common share — Diluted	$	0.02	$	0.07	$	0.05	$	0.16

Schedule of outstanding potentially dilutive securities

Outstanding Potential Dilutive Securities	Weighted Average Exercise Price		Outstanding at March 31, 2014
Stock Options and Incentive Warrants	$	2.02	228,061

Outstanding Potential Dilutive Securities	Weighted Average Exercise Price		Outstanding at March 31, 2013
Common stock warrants issued in connection with equity and financing transactions	$	2.25	1,165
Stock Options and Incentive Warrants	$	1.82	5,342,820
Total	$	1.82	5,343,985