Three Months Ended September 30,

2013

2012

Numerator for basic and diluted earnings per share:

Net (loss) income from continuing operations

$

(276,000

)

$

533,000

Income from discontinued operations, net of tax

—

43,000

Net (loss) income

(276,000

)

576,000

Net (loss) income from continuing operations

(276,000

)

533,000

Payment of preferred stock dividends

(28,000

)

(28,000

)

Net (loss) income available to common stockholders

$

(304,000

)

$

505,000

Weighted average shares used in computing basic net earnings per share:

54,004,743

53,821,435

Effect of dilutive securities

—

1,069,314

Weighted average shares used in computing diluted net earnings per share:

54,004,743

54,890,749

Income per common share, basic

$

(0.01

)

$

0.01

Income per common share, diluted

$

(0.01

)

$

0.01