Earnings Per Share (Tables)

9 Months Ended

Mar. 31, 2016

Net income (loss) per common share

Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share were as follows:

	For the three months ended March 31, 2016						For the nine months ended March 31, 2016
	Net Income		Shares		Per Share		Net Income		Shares		Per Share
Basic income per share:
Net income available to common shareholders	$	849,479		10,427,664	$	0.08	$	1,313,516		10,338,740	$	0.13
Effect of dilutive securities
Stock options		-		212,674		-		-		212,674		-
Warrants		-		3,141		-		-		3,141		-
Diluted income per share	$	849,479		10,643,479	$	0.08	$	1,313,516		10,554,555	$	0.12

	For the three months ended March 31, 2015								For the nine months ended March 31, 2015
	Net Loss			Shares		Per Share			Net Loss			Shares		Per Share
Basic loss per share:
Net loss available to common shareholders	$	(1,636,245	)		9,914,321	$	(0.17	)	$	(4,841,440	)		9,573,336	$	(0.51	)
Effect of dilutive securities
Stock options		-			-		-			-			-		-
Warrants		-			-		-			-			-		-
Diluted loss per share	$	(1,636,245	)		9,914,321	$	(0.17	)	$	(4,841,440	)		9,573,336	$	(0.51	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potential dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive.

	For the Three Months				For the Nine Months
	Ended March 31,				Ended March 31,
	2016		2015		2016		2015
Stock Options		-		727,462		-		727,462
Warrants		-		163,124		-		163,124
		-		890,586		-		890,586