Note 14 - Net Loss Per Common Share

6 Months Ended

Dec. 31, 2020

14.

Net Loss per Common Share

Basic income (loss) per common share is calculated by dividing the net income (loss) available to the common shareholders by the weighted average number of common shares outstanding during that period. Diluted net loss per share reflects the potential of securities that could share in the net loss of the Company. For each

three

-month period presented, the basic and diluted loss per share were the same for

2020

and

2019,

as they were

not

included in the calculation of the diluted net loss per share because they would have been anti-dilutive.

The following table sets-forth securities that could be potentially dilutive, but as of the

three

and

six

-months ended

December 31, 2020

and

2019

are anti-dilutive, and therefore excluded from the calculation of diluted earnings per share.

		Three Months Ended
		December 31,
		2020		2019
Warrants to purchase common stock - liability classified			24,105		24,105
Warrant to purchase common stock - equity classified	(Note 13)		2,691,446		1,621,891
Employee stock options	(Note 12)		73,425		156
Employee unvested restricted stock	(Note 12)		365,869		234,261
Convertible preferred stock	(Note 11)		-		315,115
			3,154,845		2,195,528