PER SHARE INFORMATION

12 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

PER SHARE INFORMATION

NOTE 11 – PER SHARE INFORMATION

The difference in the weighted average shares outstanding used in the calculation of basic and diluted per share information for fiscal years 2013 and 2012 is as follows: 

	Years Ended June 30,
	2013			2012
Numerators for basic and diluted per share data:
Loss from continuing operations	$	(1,864,000	)	$	(960,000	)
Income from discontinued operations		80,000			84,000
Net loss	$	(1,784,000	)	$	(876,000	)
Denominators for basic and diluted per share data:
Weighted average common shares outstanding		3,321,732			3,272,350
Shares used in the computation of basic per share data		3,321,732			3,272,350
Basic and diluted per share data:
Loss from continuing operations	$	(0.56	)	$	(0.29	)
Income from discontinued operations		0.02			0.02
Net loss	$	(0.54	)	$	(0.27	)

Potentially dilutive securities, consisting of options to purchase shares of our common stock as described in Note 9, are not included in the calculation of diluted loss per share for the years ended June 30, 2013 and 2012 due to their anti-dilutive effect.