Earnings per share

12 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings per share

13. EARNINGS PER SHARE

The following table sets forth the computation of earnings per share:

		2012	2011
Numerator:
	Net loss	$   (395,346)	$   (581,298)
Denominator:
	Denominator for basic earnings per share
	- weighted average share outstanding	4,772,318	4,772,318
Effect of dilutive securities - Stock Options		0	0
Denominator for dilutive earnings per share
	under the treasury stock method
	- weighted average share outstanding	4,772,318	4,772,318
Basic Loss per share		$          (0.08)	$         ( 0.12)
Dilutive Earnings per share		n/a	n/a

Common stock equivalents (consisting of 15,000 and 65,000 stock options for the years ended June 30, 2012 and 2011, respectively) were not included in computing diluted earnings per share as their effect would have been anti-dilutive.