| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
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For the three months ended
December 31, 2013
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For the six months ended
December 31, 2013
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Net Loss
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Shares
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Per Share
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Net Loss
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Shares
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Per Share
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Basic loss per share:
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Net loss available to common shareholders
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$
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(1,626,908
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)
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9,056,024
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$
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(0.18
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)
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$
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(2,724,023
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)
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9,006,015
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$
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(0.30
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)
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Effect of dilutive securities
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Stock options
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-
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-
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-
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-
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-
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-
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Warrants
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-
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-
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-
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-
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-
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-
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Diluted loss per share
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$
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(1,626,908
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)
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9,056,024
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$
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(0.18
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)
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$
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(2,724,023
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)
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9,006,015
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$
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(0.30
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)
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For the three months ended
December 31, 2012
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For the six months ended
December 31, 2012
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Net Income
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Shares
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Per Share
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Net Income
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Shares
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Per Share
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Basic income per share:
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Net income available to common shareholders
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$
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2,222,983
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7,957,521
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$
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0.28
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$
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3,152,108
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7,774,719
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$
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0.41
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Effect of dilutive securities
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Stock options
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-
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-
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-
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-
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-
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Warrants
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11,077
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-
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-
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11,077
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-
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Diluted income per share
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$
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2,222,983
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7,968,598
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$
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0.28
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$
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3,152,108
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7,785,796
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$
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0.40
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