| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
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For the three months ended March 31, 2014
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For the nine months ended March 31, 2014
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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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(1,299,804
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)
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9,092,834
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$
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(0.14
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)
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$
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(4,023,827
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)
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9,034,532
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$
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(0.45
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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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(1,299,804
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)
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9,092,834
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$
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(0.14
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)
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$
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(4,023,827
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)
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9,034,532
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$
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(0.45
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)
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For the three months ended March 31, 2013
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For the nine months ended March 31, 2013
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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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1,562,835
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8,344,408
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$
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0.19
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$
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4,714,943
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7,961,843
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$
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0.59
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Effect of dilutive securities
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Stock options
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-
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36,185
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-
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-
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36,185
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-
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Warrants
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-
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27,833
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-
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-
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27,833
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-
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Diluted income per share
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$
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1,562,835
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8,408,426
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$
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0.19
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$
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4,714,943
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8,025,861
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$
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0.59
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