Earnings (Loss) per common share:

9 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Earnings (Loss) per common share:

7. Earnings (Loss) per common share:

Basic earnings (losses) per common share are computed by dividing net income by the weighted-average number of shares outstanding. Diluted earnings per common share include the dilutive effect of stock options, if any.

	For the Three Month					For the Nine Month
	Periods Ended					Periods Ended
	March 31,					March 31,
	2012			2011		2012			2011
Net income (loss)	$	(8,200	)	$	60,200	$	(4,200	)	$	252,000
Weighted average common shares outstanding		1,335,712			1,196,577		1,265,714			1,196,577
Dilutive securities		—			17,110		—			16,610
Weighted average dilutive common shares outstanding		1,335,712			1,213,687		1,265,714			1,213,187
Basic earnings (loss) per common share	$	(0.01	)	$	0.05	$	—		$	0.21
Diluted earnings (loss) per common share	$	(0.01	)	$	0.05	$	—		$	0.21

Approximately 55,000 shares of the Company’s common stock issuable upon the exercise of outstanding options were excluded from the calculation of diluted loss per common share, for the three and nine month periods ended March 31, 2012, respectively, because the effect would be anti-dilutive due to the losses for the periods.