4. EARNINGS PER SHARE

3 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

4.         EARNINGS PER SHARE

For the three and six month periods ended December 30, 2013 and 2012, the effect of the Company’s potential issue of 1,462,500 shares from the exercise of 2,925,000 outstanding warrants would have been anti-dilutive.  Two warrants are required to be exercised in order to receive one share of common stock.  Accordingly, only basic net loss per share has been presented.