7. Earnings (Loss) per common share

3 Months Ended

Sep. 30, 2014

Equity [Abstract]

Earnings (Loss) per common share

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

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

	For the Three Month
	Periods Ended
	September 30,
	2014	2013
Net income (loss)	$    (161,300)	$         2,100
Weighted average common shares outstanding	1,469,112	1,337,663
Dilutive securities	-	7,408
Weighted average dilutive common shares outstanding	1,469,112	1,345,071
Basic earnings (loss) per common share	$          (0.11)	$              -
Diluted earnings (loss) per common share	$          (0.11)	$              -

Approximately 51,000 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 months ended September 30, 2014, because the effect would be anti-dilutive due to the loss for the period.

Approximately 28,500 shares of the Company’s Common Stock issuable upon the exercise of outstanding stock options were excluded from the calculation of diluted earnings per common share for the three months ended September 30, 2013 because the effect would be anti-dilutive.