Annual report pursuant to Section 13 and 15(d)

Note 3 - Earnings Per Share (Tables)

v2.4.0.8
Note 3 - Earnings Per Share (Tables)
12 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
   
For the year ended June 30, 2014
 
   
Net Loss
   
Shares
   
Per Share
 
Basic loss per share:
                 
Net loss available to common shareholders
  $ (11,356,047 )     9,063,345     $ (1.25 )
Effect of dilutive securities
                       
Stock options
    -       -       -  
Warrants
    -       -       -  
Diluted loss per share
  $ (11,356,047 )     9,063,345     $ (1.25 )
   
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  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
   
As of June 30,
 
   
2014
   
2013
 
             
Stock Options
    232,059       -  
Warrants
    3,295       -  
      235,354       -