EARNINGS PER SHARE

9 Months Ended

Mar. 31, 2018

7. EARNINGS (LOSS) PER SHARE

The calculation of basic earnings (loss) per share (“EPS”) and diluted EPS are presented below:


	Three months ended March 31,
	2018						2017
	Net Income		Shares		Per-Share		Net Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount		(Numerator)		(Denominator)		Amount
Net income from continuing operations	$	1,160					$	136
Less: Preferred stock dividends		(334)						(334)

Basic EPS
Net income (loss) available to common shareholders		826	53,637,085		$	0.02		(198)	40,327,697		$	(0.00)

Effect of Dilutive Securities
Incremental shares		-	597,481	(a)				-	-	(a)

Diluted EPS
Net income (loss) available to common shareholders plus assumed conversions	$	826	54,234,566		$	0.02	$	(198)	40,327,697		$	(0.00)


	Nine months ended March 31,
	2018						2017
	Net Loss		Shares		Per-Share		Net Loss		Shares		Per-Share
	(Numerator)		(Denominator)		Amount		(Numerator)		(Denominator)		Amount
Net loss from continuing operations	$	(11,569)					$	(2,095)
Less: Preferred stock dividends		(668)						(668)

Basic EPS
Net loss available to common shareholders		(12,237)	51,101,813		$	(0.24)		(2,763)	39,703,690		$	(0.07)

Effect of Dilutive Securities
Incremental shares		-	-	(a)				-	-	(a)

Diluted EPS
Net loss available to common shareholders plus assumed conversions	$	(12,237)	51,101,813		$	(0.24)	$	(2,763)	39,703,690		$	(0.07)

(a)

103,560, 621,428, 393,622 and 698,812 shares were excluded for the three and nine months ended March 31, 2018 and 2017, respectively, as the effects would be anti-dilutive.

The changes in the average number of shares that were anti-dilutive in the nine months ended March 31, 2018 compared to the same period last year, were due to warrants exercised in connection with our common stock during September 2016.