7. EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

Sep. 30, 2013

Notes to Financial Statements

EARNINGS PER SHARE

The weighted average number of shares outstanding used to compute earnings per share is as follows:

	Three Months Ended September 30,
	2013			2012
Net income (loss) attributable to parent company	$	(1,093,624	)	$	738,584
Weighted-average shares of common stock outstanding:
Basic		10,374,369			11,832,248
Dilutive effect of common stock equivalents arising from stock options		–			204,788
Diluted Outstanding shares		10,374,369			12,037,036
Basic earnings (loss) per share	$	(0.11	)	$	0.06
Diluted earnings (loss) per share	$	(0.11	)	$	0.06