Income (Loss) Per Share

3 Months Ended

Sep. 30, 2012

Income Loss Per Share

Income (Loss) Per Share

8. Income (Loss) Per Share

Basic earnings (loss) per share is computed by dividing the weighted-average number of shares of Class A common stock outstanding, during each period presented. Diluted earnings per share is computed similarly to basic earnings per share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue shares of Class A common stock were exercised or converted into shares of Class A common stock. The computation for basic and diluted loss per share are described in the following table:

	(unaudited)
	Three months ended September 30,
	2012		2011
Net income (loss)	$	101,221	$	(198,447	)
Weighted average common shares outstanding:
Basic		11,771,902		9,746,107
Effect of dilutive securities:
Restricted stock units		594,700		—
Common stock warrants		332,102		—
Diluted		12,698,704		9,746,107
Earnings (Loss) per common share:
Basic	$	0.01	$	(0.02	)
Diluted	$	0.01	$	(0.02	)
Excluded from computation:
Options to purchase common stock		583,109		500,233
Restricted stock units		—		434,700
Common stock warrants		3,709,669		2,364,492
Convertible debentures		706,169		706,169
		4,998,947		4,005,594