Earnings Per Share

12 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

10. Earnings Per Share

Basic earnings 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 computations for basic and diluted earnings per share are described in the following table:

	Year ended
	June 30,
	2013		2012
Net income (loss)	$	215,322	$	(864,867	)
Weighted average common shares outstanding:
Basic		12,102,124		9,861,596
Effect of dilutive securities:
Options to purchase common stock		1,438		—
Restricted stock units		834,700		—
Common stock warrants		20,956		—
Diluted		12,959,218		9,861,596
Earnings (Loss) per common share:
Basic	$	0.02	$	(0.09	)
Diluted	$	0.02	$	(0.09	)
Excluded from computation:
Options to purchase common stock		583,571		576,393
Restricted stock units		—		594,700
Common stock warrants		3,424,669		4,041,771
Convertible debentures		—		706,169
		4,008,240		5,919,033