WEIGHTED AVERAGE COMMON SHARES (Tables)

3 Months Ended

Mar. 31, 2015

WEIGHTED AVERAGE COMMON SHARES [Abstract]

Weighted average numbers of common shares used to compute basic and diluted income per share

The weighted average number of common shares used to compute basic and diluted loss per share for the three and nine months ended March 31, 2015 and 2014 was as follows:

	Three Months Ended March 31,
	2015		2014
Basic shares outstanding		23,055,803		22,722,721
Dilutive effect of stock options		-		-
Diluted shares outstanding		23,055,803		22,722,721