Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Earnings Per Share (Tables)

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Note 3 - Earnings Per Share (Tables)
 3 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
For the three months ended September 30, 2013
 
Net Loss
   
Shares
   
Per Share
 
Basic loss per share:
                 
Net loss available to common shareholders
  $ (1,097,115 )     8,956,007     $ (0.12 )
Effect of dilutive securities
                       
Stock options
    -       -       -  
Warrants
    -       -       -  
Diluted loss per share
  $ (1,097,115 )     8,956,007     $ (0.12 )
For the three months ended September 30, 2012
 
Net Income
   
Shares
   
Per Share
 
Basic income per share:
                 
Net income available to common shareholders
  $ 929,125       7,591,891     $ 0.12  
Effect of dilutive securities
                       
Stock options
    -       -       -  
Warrants
    -       7,245       -  
Diluted income per share
  $ 929,125       7,599,136     $ 0.12  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
   
As of September 30,
 
   
2013
   
2012
 
Stock Options
    57,914       -  
Warrants
    50,202       -  
Convertible Note
    -       59,644  
      108,116       59,644