Note 4 - Net Income (Loss) Per Share

9 Months Ended

Mar. 31, 2013

Earnings Per Share [Text Block]

(4)    Net Income (Loss) per Share

Basic and diluted income (loss) per share has been computed based on net income (loss) and the weighted-average number of common shares outstanding during the applicable period. For diluted net loss per share, common stock equivalents (shares of common stock issuable upon the exercise of stock options and warrants) are excluded from the calculation of diluted net loss per share as their inclusion would be anti-dilutive. The Company has excluded all options to purchase common stock in periods indicating a loss, as their effect is anti-dilutive.

The following table sets forth the computation of historical basic and diluted net income (loss) per share.

	Three Months Ended March 31,					Nine Months Ended March 31,
	2013		2012			2013			2012
Net income (loss) (in thousands)		$215		$(2,037	)		$(2,198	)		$(13,289	)
Weighted-average shares outstanding		28,165,295		181,664,389			28,145,541			181,664,389
Weighted- average shares outstanding adjusted using exchange ratio used to compute basic earnings per share		-		22,709,008			-			22,709,008
Dilutive effect of restricted stock and stock options		20,402		-			-			-
Shares used to compute diluted earnings per share		28,182,697		22,709,008			28,145,541			22,709,008
Basic income (loss) per share		$0.01		$(0.09	)		$(0.08	)		$(0.59	)
Diluted income (loss) per share		$0.01		$(0.09	)		$(0.08	)		$(0.59	)