Earnings Per Share

9 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

9. 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:

	(Unaudited)					(Unaudited)
	Three months ended					Nine months ended
	March 31,					March 31,
	2015		2014			2015			2014
Net income (loss)	$	89,791	$	(133,322	)	$	(348,046	)	$	(415,700	)
Weighted average common shares outstanding:
Basic		15,028,231		14,292,976			14,537,727			13,905,376
Effect of dilutive securities:
Options to purchase common stock		1,429		—			—			—
Restricted stock units		679,755		—			—			—
Common  stock warrants		4,477		—			—			—
Diluted		15,713,892		14,292,976			14,537,727			13,905,376

Earnings (Loss) per common share:
Basic	$	0.01	$	(0.01	)	$	(0.02	)	$	(0.03	)
Diluted	$	0.01	$	(0.01	)	$	(0.02	)	$	(0.03	)

Excluded from computation:
Options to purchase common stock	736,411	654,158	697,376	654,158
Restricted stock units	395,545	856,300	978,586	856,300
Common  stock warrants	1,857,516	2,127,230	2,040,109	2,127,230
	2,989,472	3,637,688	3,716,071	3,637,688