Loss Per Share

A reconciliation of the components of basic and diluted net loss per share of common stock is presented below:

	Three Months ended March 31,
	2017								2016
	Loss			Weighted Average Shares		Loss Per Share			Loss			Weighted Average Shares		Loss Per Share
Basic Loss per Share:
Net loss attributable to common stock	$	(516,929	)		4,903,766	$	(0.11	)	$	(181,257	)		3,957,640	$	(0.05	)
Diluted Loss per Share:
Net loss attributable to common stock	$	(516,929	)		4,903,766	$	(0.11	)	$	(181,257	)		3,957,640	$	(0.05	)

	Nine Months ended March 31,
	2017								2016
	Loss			Weighted Average Shares		Loss Per Share			Loss			Weighted Average Shares		Loss Per Share
Basic Loss per Share:
Net loss attributable to common stock	$	(2,064,721	)		4,509,950	$	(0.46	)	$	(949,907	)		3,918,430	$	(0.24	)
Diluted Loss per Share:
Net loss attributable to common stock	$	(2,064,721	)		4,509,950	$	(0.46	)	$	(949,907	)		3,918,430	$	(0.24	)

Options and warrants to purchase

887,999

and

1,635,999

shares of common stock were outstanding as of

March

31,

2017

and

June

30,

2016,

respectively. These options and warrants were not included in the computation of diluted earnings per share for each of the

three

and

nine

month periods ended

March

31,

2017

and

2016

because they are anti-dilutive as a result of the Company’s net loss for all periods presented.