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, 2014
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,
 
 
 
 
2014
 
 
2013
 
 
Earnings (Loss) Per Common Share – Basic:
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(1,410)
 
 
$
379
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 
 
65,859
 
 
 
56,692
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings (loss) per share
 
$
(0.02)
 
 
$
0.01
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (Loss) Per Common Share – Diluted:
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(1,410)
 
 
$
379
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 
 
65,859
 
 
 
56,692
 
 
Weighted-average incremental shares related to assumed exercise of stock options and warrants using the treasury stock method
 
 
—
(1)
 
 
3,934
(2)
 
Weighted-average common shares outstanding and common share equivalents
 
 
65,859
 
 
 
60,626
 
 
 
 
 
 
 
 
 
 
 
 
Diluted (loss) earnings per share
 
$
(0.02)
 
 
$
0.01
 
 
 
(1)
For the three months ended September 30, 2014, 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, 2014, shares issuable which could potentially dilute future earnings included approximately 10.1 million stock options and 8.3 million warrants.
 
(2)
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.