Earnings per Share

9 Months Ended

Mar. 31, 2013

Earnings per Share:

Earnings Per Share

11. Earnings per Share

Net Loss Per Share – Basic net loss per share is computed by dividing net loss attributable to common shareholders by the weighted average number of shares of common stock outstanding during each respective period. The Company has other potentially dilutive securities outstanding that are not shown in a diluted net loss per share calculation because their effect in both fiscal years would be anti-dilutive. The following chart lists the securities as of March 31, 2013 and 2012 that were not included in the computation of diluted net loss per share because their effect would have been anti-dilutive:

	2013	2012
Common Stock Subscribed	766,667
Warrants to purchase common stock	1,962,214	2,562,214
Convertible promissory notes		20,000
Share price guarantee-short term	18,267,925
Share price guarantee-long term	133,900,000
	154,896,806	2,582,214