Note 4 - Loss per Share

9 Months Ended

Mar. 31, 2013

Earnings Per Share [Text Block]

Note 4 – Loss per Share

Basic loss per share has been computed by dividing net loss by the weighted average number of common shares outstanding.  Diluted loss per share has been computed by dividing net loss 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 March 31,						Nine Months Ended March 31,
In thousands (except per share amounts):	2013			2012			2013			2012
Net loss (a)	$	(3,301	)	$	(553	)	$	(6,920	)	$	(1,467	)
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)	$	(0.27	)	$	(0.05	)	$	(0.56	)	$	(0.12	)
Diluted net loss per share (a)/(c)	$	(0.27	)	$	(0.05	)	$	(0.56	)	$	(0.12	)