NET INCOME (LOSS) PER SHARE

9 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

NOTE 5. 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 22,195 and 38,771, respectively, have been excluded from diluted weighted average common shares for the three months ended March 31, 2015 and 2014, as the effect would have been anti-dilutive. Similarly, potential common shares of 22,789 and 25,648, respectively, have been excluded from diluted weighted average common shares for the nine months ended March 31, 2015 and 2014, 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,
	2015			2014			2015			2014
Basic & Diluted:
Loss from continuing operations	$	(92	)	$	(358	)	$	(475	)	$	(679	)
Weighted average shares outstanding		4,158			3,342			4,179			3,344
Basic and diluted loss per share from continuing operations	$	(0.02	)	$	(0.11	)	$	(0.11	)	$	(0.20	)
Income (loss) from discontinued operations	$	16		$	(27	)	$	37		$	167
Weighted average shares outstanding		4,158			3,342			4,179			3,344
Basic and diluted earnings  (loss) per share from discontinued operations	$	0.00		$	(0.01	)	$	0.01		$	0.05
Net loss	$	(76	)	$	(385	)	$	(438	)	$	(512	)
Weighted average shares outstanding		4,158			3,342			4,179			3,344
Basic and diluted loss per share	$	(0.02	)	$	(0.12	)	$	(0.10	)	$	(0.15	)