(Loss) Earnings Per Share
|12 Months Ended|
Jun. 30, 2015
|Earnings Per Share [Abstract]|
|(Loss) Earnings Per Share||
Note 12 - (Loss) Earnings Per Share
The following table summarizes the computation of basic and diluted (loss) earnings per share for the fiscal years ended:
(1) All diluted earnings per share calculations are dictated by the results from continuing operations; accordingly there were no dilutive effects on earnings per share in the periods presented since all such periods had a net loss from continuing operations.
(2) Loss from continuing operations is reduced by the contractual amount of Preferred stock dividends that must be expensed for the current period.
There is no dilutive effect on earnings per share in periods with net losses from continuing operations. Stock options or shares of Common Stock issuable upon the conversion of the Series A Preferred Stock were not considered in the calculation of diluted weighted average common shares outstanding, as they would be anti-dilutive. Potentially dilutive securities excluded from the calculation of diluted shares outstanding in fiscal years with net losses from continuing operations are as follows:
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/presentationRef