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EARNINGS PERSHARE (Tables)
3 Months Ended
Sep. 30, 2012
Computation for Basic and Diluted Earnings per Share

The following table sets forth the computation for basic and diluted EPS:

 

     Three Months Ended September 30,  
     2012      2011  

Net income

   $ 48,800       $ 749,518   
     

Weighted average number of outstanding shares

     

Basic

     15,475,887         15,425,705   
     

Effect of dilutive securities

     

Employee stock options

     -         516   
  

 

 

    

 

 

 

Diluted

     15,475,887         15,426,221   
  

 

 

    

 

 

 
     

Earnings per share

     

Basic

   $ 0.00       $ 0.05   

Diluted

   $ 0.00       $ 0.05