Net (Loss) Per Share

3 Months Ended

Sep. 30, 2011

Net (Loss) Per Share [Abstract]

Net (Loss) Per Share

3. Net (Loss) per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended September 30,
	2011			2010
Numerator:
Numerator for basic and diluted earnings per share
Net loss from continuing operations	$	(789,649	)	$	(953,406	)
Net income from discontinued operations		—			304,244
Net loss	$	(789,649	)	$	(649,162	)
Denominator:
Denominator for basic earnings per share - weighted average shares		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
Net (loss) income per share
Basic:
Continuing operations	$	(0.10	)	$	(0.13	)
Discontinued operations		—			0.04
	$	(0.10	)	$	(0.09	)
Diluted:
Continuing operations	$	(0.10	)	$	(0.13	)
Discontinued operations		—			0.04
	$	(0.10	)	$	(0.09	)