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Selected quarterly financial data (unaudited): (Tables)
12 Months Ended
Jun. 30, 2013
Selected quarterly financial data (unaudited):  
Summary of unaudited quarterly financial data

 

 

 

First

 

Second

 

Third

 

Fourth

 

 

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Total

 

Fiscal 2013

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

1,003,660

 

$

1,039,376

 

$

968,980

 

$

831,404

 

$

3,843,420

 

Loss before income taxes

 

$

(1,762,885

)

$

(439,586

)

$

(2,188,397

)

$

(1,543,350

)

$

(5,934,218

)

Net loss

 

$

(1,762,885

)

$

(439,586

)

$

(2,188,397

)

$

(1,543,350

)

$

(5,934,218

)

Net loss available to common shareholders

 

$

(1,987,285

)

$

(668,486

)

$

(2,416,897

)

$

(1,778,850

)

$

(6,851,518

)

Net loss per common share - basic and diluted (1)

 

$

(0.03

)

$

(0.01

)

$

(0.03

)

$

(0.02

)

$

(0.09

)

Weighted average common shares outstanding

 

77,215,908

 

77,215,908

 

77,265,047

 

77,360,908

 

77,263,381

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2012

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

1,416,036

 

$

3,303,365

 

$

1,273,919

 

$

946,679

 

$

6,939,999

 

Loss before income taxes

 

$

(2,598,783

)

$

(2,661,177

)

$

(3,580,358

)

$

(3,650,314

)

$

(12,490,632

)

Net loss

 

$

(2,598,783

)

$

(2,661,177

)

$

(3,580,358

)

$

(3,650,314

)

$

(12,490,632

)

Net loss available to common shareholders

 

$

(2,818,825

)

$

(2,881,219

)

$

(3,797,413

)

$

(3,867,413

)

$

(13,364,870

)

Net loss per common share - basic and diluted (1)

 

$

(0.03

)

$

(0.04

)

$

(0.05

)

$

(0.05

)

$

(0.17

)

Weighted average common shares outstanding

 

76,815,908

 

76,815,908

 

77,193,930

 

77,215,908

 

77,009,351

 

 

(1) The sum of the per share amounts per quarter does not equal the total year amount due to changes in the weighted average number of common shares outstanding in each quarter.