Annual report pursuant to Section 13 and 15(d)

Note 4 - Earnings Per Share (Tables)

v2.4.0.8
Note 4 - Earnings Per Share (Tables)
 12 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
For the year ended June 30, 2013
 
Net Income
   
Shares
   
Per Share
 
Basic income per share:
                 
Net income available to common shareholders
  $ 7,863,143       8,201,247     $ 0.96  
Effect of dilutive securities
                       
Stock options
    -       47,168       -  
Warrants
    -       40,536       -  
Diluted income per share
  $ 7,863,143       8,288,951     $ 0.95  
For the year ended June 30, 2012
 
Net Income
   
Shares
   
Per Share
 
Basic income per share:
                       
Net income available to common shareholders
  $ 2,446,544       6,217,842     $ 0.39  
Effect of dilutive securities
                       
Stock options
    -       -       -  
Warrants
    -       26,343       -  
Diluted income per share
  $ 2,446,544       6,244,185     $ 0.39