Basic net loss per share is computed on the basis of the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed based on the weighted average number of common shares outstanding plus the effect of potentially dilutive common shares outstanding during the period using the treasury stock method and the if-converted method. Potentially dilutive common shares include outstanding stock options and share-based awards. Convertible preferred shares issued in October 2018 met the definition of participating securities, however, as a result of these participating securities not having a contractual obligation to share in the losses of the Company, they were not included in the computation of basic earnings per share using the two-class method due to the Company reporting a net loss for the nine months ended March 31, 2019.

The following table reconciles the numerators and denominators used in the computations of both basic and diluted net loss per share:

	Three Months Ended March 31,						Nine Months Ended March 31,
(In thousands, except per share data)	2019			2018			2019			2018
Numerator:
Net loss	$	(1,394	)	$	(2,855	)	$	(5,792	)	$	(8,998	)
Denominator:
Denominator for basic and diluted net loss per share — weighted average common stock outstanding		5,467			4,060			4,734			4,059
Basic and diluted net loss per common share:
Net loss	$	(0.25	)	$	(0.70	)	$	(1.22	)	$	(2.22	)

All unvested restricted stock awards for the nine months ended March 31, 2019 are not included in diluted net loss per share, as the impact to net loss per share would be anti-dilutive. Options to purchase 325,140 shares of common stock at exercise prices ranging from $1.60 to $8.35 per share outstanding as of March 31, 2019 were not included in diluted net loss per share, as the impact to net loss per share would be anti-dilutive.