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NET INCOME (LOSS) PER COMMON SHARE
 6 Months Ended
Dec. 31, 2012
NET INCOME (LOSS) PER COMMON SHARE
NOTE  2     NET INCOME (LOSS) PER COMMON SHARE

Earnings per share are computed by dividing net loss by the weighted average number of common shares outstanding during the period, as follows:

   
Six Months Ended
  
   
December 31,
2012
    
December 31,
2011
  
Numerator:
            
          Net loss
   $ (3,019,487 )   $ (115,784 )
          Numerator for basic and diluted
          loss per share
   $ (3,019,487 )   $ (115,784 )
                 
Denominator:
                
          Weighted-average shares outstanding-basic
     2,320,319       2,312,346  
          Effect of dilutive securities:
                
                   Stock options
     -       -  
                 
          Denominator for diluted income (loss) per share-
          Weighted-average shares
     2,320,319       2,312,346  
                 
                 
      Basic income (loss) per share
   $ (1.30 )   $ (0.05 )
                 
      Diluted income (loss) per share
   $ (1.30 )   $ (0.05 )