NET INCOME (LOSS) PER SHARE

6 Months Ended

Dec. 31, 2012

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, 2012 and 2011 is as follows:

	Three Months Ended December 31,
	2012			2011
Numerators for basic and diluted per share data:
Loss from continuing operations	$	(364,000	)	$	(329,000	)
Income from discontinued operations		16,000			37,000
Net loss	$	(348,000	)	$	(292,000	)
Denominators for basic and diluted per share data:
Basic:
Weighted average common shares outstanding		3,319,180			3,272,350
Shares used in the computation of basic per share data		3,319,180			3,272,350
Diluted:
Shares used in the computation of basic per share data		3,319,180			3,272,350
Net shares assumed issued using the treasury stock method for outstanding common stock options		—			—
Shares used in the computation of diluted per share data		3,319,180			3,272,350
Basic per share data:
Loss from continuing operations	$	(0.11	)	$	(0.10	)
Income from discontinued operations		—			0.01
Net loss	$	(0.11	)	$	(0.09	)
Diluted per share data:
Loss from continuing operations	$	(0.11	)	$	(0.10	)
Income from discontinued operations		—			.01
Net loss	$	(0.11	)	$	(0.09	)

	Six Months Ended December 31,
	2012			2011
Numerators for basic and diluted per share data:
Income (loss) from continuing operations	$	(418,000	)	$	17,000
Income from discontinued operations		53,000			137,000
Net income (loss)	$	(365,000	)	$	154,000
Denominators for basic and diluted per share data:
Basic:
Weighted average common shares outstanding		3,299,379			3,272,350
Shares used in the computation of basic per share data		3,299,379			3,272,350
Diluted:
Shares used in the computation of basic per share data		3,299,379			3,272,350
Net shares assumed issued using the treasury stock method for outstanding common stock options		—			20,158
Shares used in the computation of diluted per share data		3,299,379			3,292,508
Basic per share data:
Income (loss) from continuing operations	$	(0.13	)	$	0.01
Income from discontinued operations		0.02			0.04
Net income (loss)	$	(0.11	)	$	0.05
Diluted per share data:
Income (loss) from continuing operations	$	(0.13	)	$	0.01
Income from discontinued operations		0.02			0.04
Net income (loss)	$	(0.11	)	$	0.05

Potentially dilutive securities, consisting of options to purchase shares of our common stock as described in Note 8, are not included in the calculation of diluted loss per share due to their anti-dilutive effect on the diluted loss per share calculations. Shares represented by such securities amount to 14,128 and 42,340 for the three months ended December 31, 2012 and 2011, respectively, and 8,511 for the six months ended December 31, 2012.

For the six months ended December 31, 2011, options having exercise prices that are greater than the average per share market price for our common stock, representing 243,340 shares, have been excluded from the diluted per share calculation due to their anti-dilutive effect.