| Components of Basic and Diluted Earnings Per Share |
The components of basic and diluted
earnings per share were as follows:
| |
|
For the three months ended December 31, 2015 |
|
|
For the six months ended December 31, 2015 |
|
| |
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
|
Net Income |
|
|
Shares |
|
|
Per Share |
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income available to common shareholders |
|
$ |
875,065 |
|
|
|
10,308,186 |
|
|
$ |
0.08 |
|
|
$ |
464,037 |
|
|
|
10,294,760 |
|
|
$ |
0.05 |
|
| Effect of dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock options |
|
|
- |
|
|
|
237,618 |
|
|
|
- |
|
|
|
- |
|
|
|
237,618 |
|
|
|
- |
|
| Warrants |
|
|
- |
|
|
|
3,118 |
|
|
|
- |
|
|
|
- |
|
|
|
3,118 |
|
|
|
- |
|
| Diluted income per share |
|
$ |
875,065 |
|
|
|
10,548,922 |
|
|
$ |
0.08 |
|
|
$ |
464,037 |
|
|
|
10,535,496 |
|
|
$ |
0.04 |
|
| |
|
For the three months ended December 31, 2014 |
|
|
For the six months ended December 31, 2014 |
|
| |
|
Net Loss |
|
|
Shares |
|
|
Per Share |
|
|
Net Loss |
|
|
Shares |
|
|
Per Share |
|
| Basic loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss available to common shareholders |
|
$ |
(1,367,166 |
) |
|
|
9,654,334 |
|
|
$ |
(0.14 |
) |
|
$ |
(3,205,195 |
) |
|
|
9,433,829 |
|
|
$ |
(0.34 |
) |
| Effect of dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock options |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Warrants |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(1,367,166 |
) |
|
|
9,654,334 |
|
|
$ |
(0.14 |
) |
|
$ |
(3,205,195 |
) |
|
|
9,433,829 |
|
|
$ |
(0.34 |
) |
|
| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The following potential dilutive shares
were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive.
| |
|
For the Three Months |
|
|
For the Six Months |
|
| |
|
Ended December 31, |
|
|
Ended December 31, |
|
| |
|
2015 |
|
|
2014 |
|
|
2015 |
|
|
2014 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Stock Options |
|
|
- |
|
|
|
727,462 |
|
|
|
- |
|
|
|
727,462 |
|
| Warrants |
|
|
- |
|
|
|
163,124 |
|
|
|
- |
|
|
|
163,124 |
|
| |
|
|
- |
|
|
|
890,586 |
|
|
|
- |
|
|
|
890,586 |
|
|