(Loss) Per Share

6 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

(Loss) Per Share

17. (Loss) Per Share

ASC 260-10 requires a reconciliation of the numerator and denominator of the basic and diluted (loss) per share (EPS) computations.

The following is a reconciliation of the numerator and denominator of the basic and diluted (loss) per share (EPS) computations.

	Income			Shares		Per Share
	(Numerator)			(Denominator)		Amount
For the three months ended December 31, 2014:
Net (loss)	$	(5,375,650	)
Basic EPS (loss) available to common shareholders	$	(5,375,650	)		3,930,866	$	(1.37	)
Effect of dilutive securities:
Warrants					-
Diluted EPS (loss) available to common shareholders	$	(5,375,650	)		3,930,866	$	(1.37	)
For the three months ended December 31, 2013:
Net (loss)	$	(12,958,983	)
Basic EPS (loss) available to common shareholders	$	(12,958,983	)		3,880,866	$	(3.34	)
Effect of dilutive securities:
Warrants					-
Diluted EPS (loss) available to common shareholders	$	(12,958,983	)		3,880,866	$	(3.34	)

	Income			Shares		Per Share
	(Numerator)			(Denominator)		Amount
For the six months ended December 31, 2014:
Net (loss)	$	(12,174,039	)
Basic EPS (loss) available to common shareholders	$	(12,174,039	)		3,930,866	$	(3.10	)
Effect of dilutive securities:
Warrants					-
Diluted EPS (loss) available to common shareholders	$	(12,174,039	)		3,930,866	$	(3.10	)
For the six months ended December 31, 2013:
Net (loss)	$	(22,536,123	)
Basic EPS (loss) available to common shareholders	$	(22,536,123	)		3,880,866	$	(5.81	)
Effect of dilutive securities:
Warrants					-
Diluted EPS (loss) available to common shareholders	$	(22,536,123	)		3,880,866	$	(5.81	)