Stockholders' Equity

12 Months Ended

Jun. 30, 2014

Equity [Abstract]

Stockholders' Equity

Note 15. Stockholders' Equity

Reservation of Shares

The Company has reserved common shares for future issuance as follows as of June 30, 2014:

Stock options outstanding	161,555
Stock options available for issuance	226,925
Number of common shares reserved	388,480

The following table sets forth the reconciliation of the numerators and denominators of the basic and diluted per share computations for continuing operations for the years ended June 30:

	2014			2013
Numerator:
Net Income	$	1,167,885		$	5,562,425
Denominator:
Basic EPS:
Common shares outstanding, beginning of period		2,344,690			2,320,822
Unearned ESOP shares		(116,666	)		(136,666	)
Weighted average common shares issued during the period		9,991			17,810
Weighted average common shares purchased during the period		—			(2,550	)
Weighted average ESOP shares earned during the period		7,207			7,521
Denominator for basic earnings per common shares –
Weighted average common shares		2,245,222			2,206,937
Diluted EPS:
Common shares outstanding, beginning of period		2,344,690			2,320,822
Unearned ESOP shares		(116,666	)		(136,666	)
Weighted average common shares issued during the period		9,991			17,810
Weighted average common shares purchased during the period		—			(2,550	)
Weighted average ESOP shares earned during the period		7,207			7,521
Weighted average dilutive effect of issued or forfeited shares		40,313			35,711
Denominator for diluted earnings per common shares –
Weighted average common shares		2,285,535			2,242,648

Not included in this computation of earnings per share for the year ended June 30, 2014 were options to purchase 25,975 shares of the Company’s common stock. These options were excluded because their inclusion would have been anti-dilutive due to the average strike price exceeding the average market price of those shares. There were no anti-dilutive options for the year ended June 30, 2013.