Net Income (Loss) Per Share

6 Months Ended

Dec. 31, 2011

Net Income (Loss) Per Share [Abstract]

Net Income (Loss) Per Share

NOTE 4. NET INCOME (LOSS) PER SHARE

The difference in the weighted average shares outstanding used in the calculation of basic and diluted net income (loss) per share for the three and six months ended December 31, 2011 and 2010 is as follows:

	Three Months Ended December 31,
	2011			2010
Net income (loss)	$	(292,000	)	$	401,000
Basic:
Weighted average common shares outstanding		3,272,350			3,263,437
Shares used in the computation of basic net income (loss) per share		3,272,350			3,263,437
Net income (loss) per share — basic	$	(0.09	)	$	0.12
Diluted:
Shares used in the computation of basic net income (loss) per share		3,272,350			3,263,437
Net shares assumed issued using the treasury stock method for outstanding common stock options		—			8,715
Shares used in the computation of diluted net income (loss) per share		3,272,350			3,272,152
Net income (loss) per share — diluted	$	(0.09	)	$	0.12

	Six Months Ended December 31,
	2011		2010
Net income	$	154,000	$	743,000
Basic:
Weighted average common shares outstanding		3,272,350		3,257,643
Shares used in the computation of basic net income per share		3,272,350		3,257,643
Net income per share — basic	$	0.05	$	0.23
Diluted net income per share:
Shares used in the computation of basic net income per share		3,272,350		3,257,643
Net shares assumed issued using the treasury stock method for outstanding common stock options		20,158		6,011
Shares used in the computation of diluted net income per shared		3,292,508		3,263,654
Net income per share — diluted	$	0.05	$	0.23

Potentially dilutive securities, consisting of options to purchase shares of our common stock as described in Note 7, are not included in the calculation of diluted loss per share for the three months ended December 31, 2011 due to their anti-dilutive effect on the diluted loss per share calculations for that period.

Options having exercise prices that are greater than the per share market price for our common stock have been excluded from the diluted per share calculations for the six months ended December 31, 2011, and for the three and six months ended December 31, 2010, due to their anti-dilutive effect. Shares represented by such options amounted to 243,340 for the six months ended December 31, 2011, and 147,508 for each of the three and six months ended December 31, 2010.