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NET INCOME (LOSS) PER SHARE
3 Months Ended
Sep. 30, 2013
Earnings 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 months ended September 30, 2013 and 2012 is as follows:

               
    Three Months Ended  
    September 30,  
    2013   2012  
Numerators for basic and diluted per share data:              
Income (loss) from continuing operations   $ 18,000   $ (59,000 )
Income from discontinued operations     194,000     42,000  
Net income (loss)   $ 212,000   $ (17,000 )
Denominators for basic and diluted per share data:              
Basic:              
Weighted average common shares outstanding     3,344,697     3,279,578  
Shares used in the computation of basic per share data     3,344,697     3,279,578  
Diluted:              
Shares used in the computation of basic per share data     3,344,697     3,279,578  
Net shares assumed issued using the treasury stock method for outstanding common stock options     8,750      
Shares used in the computation of diluted per share data     3,353,447     3,279,578  
Basic and diluted per share data:              
Income (loss) from continuing operations              
Basic   $ 0.00   $ (0.02 )
Diluted   $ 0.00   $ (0.02 )
Income from discontinued operations              
Basic   $ 0.06   $ 0.01  
Diluted   $ 0.06   $ 0.01  
Net income (loss)              
Basic   $ 0.06   $ (0.01 )
Diluted   $ 0.06   $ (0.01 )

 

Potentially dilutive securities, consisting of outstanding options to purchase 86,669 shares of our common stock at strike prices above their weighted average market value, are not included in the 2013 calculation of diluted income per share due to their anti-dilutive effect. All outstanding options to purchase shares of our common stock, as described in Note 8, are not included in the 2012 calculation of diluted loss per share due to their anti-dilutive effect.