NET INCOME (LOSS) PER SHARE

9 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

NOTE 4. NET INCOME (LOSS) PER SHARE

The Company calculates basic net earnings (loss) per share by dividing net income (loss) by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share reflects the effects of potentially dilutive securities, which consist entirely of outstanding stock options.

Potential common shares of 38,771 and 27,019 have been excluded from diluted weighted average common shares for the three months ended March 31, 2014 and 2013, as the effect would have been anti-dilutive. Similarly, potential common shares of 25,648 and 13,487 have been excluded from diluted weighted average common shares for the nine months ended March 31, 2014 and 2013, as the effect would have been anti-dilutive.

The following table presents reconciliations of the numerators and denominators of the basic and diluted earnings (loss) per share computations for net income (loss). In the tables below, income (loss) amounts represent the numerator, and share amounts represent the denominator (in thousands, except per share amounts):

	Three Months Ended March 31,						Nine Months Ended March 31,
	2014			2013			2014			2013
Basic & Diluted:
Loss from continuing operations	$	(358	)	$	(765	)	$	(679	)	$	(1,184	)
Weighted average shares outstanding		3,342			3,341			3,344			3,313
Basic and diluted loss per share from continuing operations	$	(0.11	)	$	(0.23	)	$	(0.20	)	$	(0.36	)
Income (loss) from discontinued operations	$	(27	)	$	18		$	167		$	72
Weighted average shares outstanding		3,342			3,341			3,344			3,313
Basic and diluted earnings (loss) per share from discontinued operations	$	(0.01	)	$	0.01		$	0.05		$	0.02
Net loss	$	(385	)	$	(747	)	$	(512	)	$	(1,112	)
Weighted average shares outstanding		3,342			3,341			3,344			3,313
Basic and diluted loss per share	$	(0.12	)	$	(0.22	)	$	(0.15	)	$	(0.34	)