Annual report pursuant to Section 13 and 15(d)

Note 4 - Earnings Per Share (Tables)

v2.4.0.6
Note 4 - Earnings Per Share (Tables)
 12 Months Ended
Jun. 30, 2012
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]
 For the year ended June 30, 2012
 
Net Income
   
Shares
   
Per Share
 
 Basic income per share:
  $ 2,446,545       6,217,842     $ 0.39  
 Effect of dilutive securities
                       
 Stock options
            -          
 Warrants
            26,343          
 Diluted loss per share
  $ 2,446,545       6,244,185     $ 0.39  
                         
 For the year ended June 30, 2011
 
Net Income
   
Shares
   
Per Share
 
 Basic income per share:
  $ 5,728,088       4,854,320     $ 1.18  
 Effect of dilutive securities
                       
 Stock options
            89,960          
 Warrants
            12,539          
 Diluted income per share
  $ 5,728,088       4,956,819     $ 1.16