Note 4 - (Loss) Income per Share

6 Months Ended

Dec. 31, 2012

Earnings Per Share [Text Block]

Note 4 – (Loss) Income per Share

Basic (loss) income per share has been computed by dividing net (loss) income by the weighted average number of common shares outstanding.  Diluted (loss) income per share has been computed by dividing net (loss) income by the weighted average common shares outstanding plus dilutive securities or other contracts to issue common stock as if these securities were exercised or converted to common stock.

The following table sets forth the computation of basic and diluted net loss per share for the periods indicated:

	Three Months Ended December 31,						Six Months Ended December 31,
	2012			2011			2012			2011
In thousands (except per share amounts):
Net loss (a)	$	(1,673	)	$	(971	)	$	(3,619	)	$	(914	)
Weighted average outstanding shares of common stock (b)		12,253			12,253			12,253			12,253
Dilutive potential common shares from employee stock options		—			—			—			—
Common stock and common stock equivalents (c)		12,253			12,253			12,253			12,253
Loss per share:
Basic net loss per share (a)/(b)	$	(0.14	)	$	(0.08	)	$	(0.30	)	$	(0.07	)
Diluted net loss per share (a)/(c)	$	(0.14	)	$	(0.08	)	$	(0.30	)	$	(0.07	)