(1) Basis of Presentation and Summary of Significant Accounting Policies: (m) Net Income (loss) Per Common Share (Policies)

12 Months Ended

Jun. 30, 2017

Policies

(m) Net Income (loss) Per Common Share

(m)    Net Loss per Common Share

Net loss per common share is computed based on the weighted-average number of common shares outstanding and, when appropriate, dilutive potential common shares outstanding during the year.  Convertible preferred stock, stock options and warrants are considered to be potential common shares. The computation of diluted net loss per common share does not assume exercise or conversion of securities that would have an anti-dilutive effect.

Basic net loss per common share is the amount of net loss for the year available to each weighted-average share of common stock outstanding during the year. Diluted net loss per common share is the amount of net loss for the year available to each weighted-average share of common stock outstanding during the year and to each potential common share outstanding during the year, unless inclusion of potential common shares would have an anti-dilutive effect.

The reconciliation between the basic and diluted weighted-average number of common shares for the years ended June 30, 2017 and 2016, is summarized as follows:

	2017	2016
Basic weighted-average number of common shares outstanding during the year	3,152,425	2,706,424
Weighted-average number of potential common shares outstanding during the year	-	-
Diluted weighted-average number of common and potential common shares outstanding during the year	3,152,425	2,706,424

Outstanding potential common shares not included in the computation of diluted net loss per common share totaled 9,029,080 as of June 30, 2017 and 4,127,814 as of June 30, 2016.  These potential common shares are not included in the computation because they would be antidilutive.