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Note 3. Earning per Share
 9 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
3. Net Income (Loss) earnings per Share

The following table sets forth the computation of basic and diluted net income (loss) per share:
 
Three Months Ended March 31,
 
Nine Months Ended December 31,
 
2013

 
2012

 
2013

 
2012

 
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
  Numerator for basic and diluted earnings per share
 
 
 
 
 
 
 
(Loss) from continuing operations
$
(283,761
)
 
$
(339,517
)
 
$
(781,424
)
 
$
(950,410
)
(Loss) income from discontinued operations
(2,103
)
 
(300,269
)
 
4,055,506

 
(4,014,025
)
 Net (loss) income
$
(285,864
)
 
$
(639,786
)
 
$
3,274,082

 
$
(4,964,435
)
Denominator:
 
 
 
 
 
 
 
  Denominator for basic earnings per share - weighted average shares
7,526,430

 
7,526,430

 
7,526,430

 
7,526,430

  Effect of dilutive securities:
 
 
 
 
 
 
 
    Stock options and warrants
—

 
—

 
—

 
—

    Shares reserved for future exchange
—

 
—

 
—

 
—

 Denominator for diluted earnings per share - weighted average and assumed conversion

7,526,430

 
7,526,430

 
7,526,430

 
7,526,430

 
 
 
 
 
 
 
 
Net (loss) income per share
 
 
 
 
 
 
 
   Basic:
 
 
 
 
 
 
 
      Continuing operations
$
(0.04
)
 
$
(0.05
)
 
$
(0.10
)
 
$
(0.13
)
      Discontinued operations
—

 
(0.04
)
 
0.54

 
(0.53
)
 
$
(0.04
)
 
$
(0.09
)
 
$
0.44

 
$
(0.66
)
   Diluted:
 
 
 
 
 
 
 
      Continuing operations
$
(0.04
)
 
$
(0.05
)
 
$
(0.10
)
 
$
(0.13
)
      Discontinued operations
—

 
(0.04
)
 
0.54

 
(0.53
)
 
$
(0.04
)
 
$
(0.09
)
 
$
0.44

 
$
(0.66
)

     



All the outstanding warrants and options were excluded from the calculation of diluted earnings per share as the exercise price of the warrants and options exceeded the average share price of the company's common stock making the warrants and options anti-dilutive.