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Loss Per Common Share
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12 Months Ended | |||
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Jun. 30, 2013
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| Earnings Per Share [Abstract] | ||||
| Earnings Per Share [Text Block] |
Basic loss per common share is computed by dividing the net loss allocated to common stockholders by the weighted-average number of shares of common stock outstanding during the year. For purposes of calculating diluted loss per common share, the denominator includes both the weighted-average number of shares of common stock outstanding and the number of common stock equivalents if the inclusion of such common stock equivalents is dilutive. Dilutive common stock equivalents potentially include stock options and warrants using the treasury stock method. For the years ended June 30, 2013 and 2012, the Company incurred a net loss which cannot be diluted, so basic and diluted loss per common share are the same. As of June 30, 2013, shares issuable which could potentially dilute future earnings included approximately 6.7 million stock options and 25.4 million warrants. As of June 30, 2012, shares issuable which could potentially dilute future earnings included approximately 5.5 million stock options and 20.9 million warrants. |