EARNINGS (LOSS) PER SHARE (Tables)
3 Months Ended
Sep. 30, 2012
EARNINGS (LOSS) PER SHARE  
Schedule of net earnings (loss) per share

 

 

 

3 Months ended
September 30,
2012

 

3 Months ended
September 30,
2011

 

Net income (loss) attributable to common shareholders

 

$

195,240

 

$

(55,312

)

 

 

 

 

 

 

Common and common equivalent shares outstanding:

 

 

 

 

 

Historical common shares outstanding at beginning of period

 

47,213,534

 

40,894,847

 

Weighted average common equivalent shares issued (retired) during the period

 

682,192

 

622,270

 

Weighted average common shares — basic

 

47,895,726

 

41,517,117

 

Dilutive potential common shares:

 

 

 

 

 

Stock options

 

646,888

 

 

Weighted average common shares and dilutive potential common shares

 

48,542,614

 

41,517,117

 

Net income (loss) per share — basic

 

$

0.00

*

$

(0.00

)*

Net income (loss) per share — diluted

 

$

0.00

*

$

(0.00

)*

 

*Less than $0.01 or (0.01) per share