Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Common Share (Tables)

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Earnings (Loss) Per Common Share (Tables)
3 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table summarizes the components of the earnings (loss) per common share calculation (in thousands, except per share amounts):
 
 
 
Three Months Ended
September 30,
 
 
 
2013
 
2012
 
Earnings (Loss) Per Common Share – Basic:
 
 
 
 
 
 
 
Net income (loss)
 
$
379
 
$
(2,051)
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 
 
56,692
 
 
47,767
 
 
 
 
 
 
 
 
 
Basic earnings (loss) per share
 
$
0.01
 
$
(0.04)
 
 
 
 
 
 
 
 
 
Earnings (Loss) Per Common Share – Diluted:
 
 
 
 
 
 
 
Net income (loss)
 
$
379
 
$
(2,051)
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 
 
56,692
 
 
47,767
 
Weighted-average incremental shares related to
    assumed exercise of stock options and
    warrants using the treasury stock method
 
 
3,934
(1)
 
-
(2)
Weighted-average common shares outstanding
    and common share equivalents
 
 
60,626
 
 
47,767
 
 
 
 
 
 
 
 
 
Diluted earnings (loss) per share
 
$
0.01
 
$
(0.04)
 
 
 
(1)   As of September 30, 2013, shares issuable which could potentially dilute future earnings included approximately 8.1 million stock options and 20.4 million warrants.
(2)   For the three months ended September 30, 2012, the Company incurred a net loss which cannot be diluted, therefore basic and diluted loss per common share are the same. As of September 30, 2012, shares issuable which could potentially dilute future earnings included approximately 6.6 million stock options and 21.0 million warrants.