7. Earnings (Loss) per common share (Tables)

9 Months Ended

Mar. 31, 2014

Equity [Abstract]

Earnings per common share

Earnings (Loss) per common share was computed as follows:

	For the Three Month		For the Nine Month
	Periods Ended		Periods Ended
	March 31,		March 31,
	2014	2013	2014	2013
Net income (loss)	($ 59,700)	$ 150,100	$ 77,500	$ 226,300
Weighted average common
shares outstanding	1,390,433	1,337,663	1,382,519	1,336,844
Effect of dilutive
securities	-	4,701	9,741	4,543
Weighted average dilutive
common shares outstanding	1,390,433	1,342,364	1,392,260	1,341,387
Basic earnings (loss) per
common share	($ .04)	$ .11	$ .06	$ .17
Diluted earnings (loss) per
common share	($ .04)	$ .11	$ .06	$ .17