XML 23 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
REVENUES $ 14,888 $ 16,038 $ 42,386 $ 46,669
COST OF REVENUES 11,444 12,760 32,508 37,030
GROSS PROFIT 3,444 3,278 9,878 9,639
OPERATING EXPENSES        
Selling, general and administrative expenses 2,661 2,659 7,429 7,575
Impairment of goodwill (Note 1) 3,900 0 3,900 0
Depreciation and amortization 125 131 386 397
Total Operating Expenses 6,686 2,790 11,715 7,972
OPERATING INCOME (LOSS) (3,242) 488 (1,837) 1,667
OTHER INCOME (EXPENSE)        
Interest income 2 2 12 19
Interest expense 0 (1) (1) (9)
Other income 0 61 0 61
Total Other Income (Expense) 2 62 11 71
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES (3,240) 550 (1,826) 1,738
Provision for income taxes 26 14 110 54
NET INCOME (LOSS) (3,266) 536 (1,936) 1,684
Preferred stock dividends 407 339 1,222 1,017
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ (3,673) $ 197 $ (3,158) $ 667
BASIC INCOME (LOSS) PER COMMON SHARE $ (0.30) $ 0.02 $ (0.26) $ 0.05
Basic Weighted Average Shares Outstanding 12,287,290 12,278,224 12,287,290 12,273,250
DILUTED INCOME (LOSS) PER COMMON SHARE $ (0.25) $ 0.01 $ (0.22) $ 0.05
Diluted Weighted Average Shares Outstanding 14,593,290 14,600,724 14,593,290 14,595,750