Note 6 - Loss Per Share

9 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

6.

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,
	2020								2019
	Loss			Weighted Average Shares		Loss Per Share			Loss			Weighted Average Shares		Loss Per Share
Basic Loss per Share:
Net loss attributable to common stock	$	(1,910,324	)		6,550,068	$	(0.29	)	$	(1,435,684	)		6,357,113	$	(0.23	)
Diluted Loss per Share:
Net loss attributable to common stock	$	(1,910,324	)		6,550,068	$	(0.29	)	$	(1,435,684	)		6,357,113	$	(0.23	)

	Nine Months Ended March 31,
	2020								2019
	Loss			Weighted Average Shares		Loss Per Share			Loss			Weighted Average Shares		Loss Per Share
Basic Loss per Share:
Net loss attributable to common stock	$	(6,690,191	)		6,449,345	$	(1.04	)	$	(6,206,814	)		6,257,512	$	(0.99	)
Diluted Loss per Share:
Net loss attributable to common stock	$	(6,690,191	)		6,449,345	$	(1.04	)	$	(6,206,814	)		6,257,512	$	(0.99	)

 Options to purchase

100,000

of the Company's common stock were outstanding as of

March 31, 2020,

and 

no

options to purchase common stock of the Company were outstanding as of

June 30, 2019

. 

In connection with the appointment of Rick Van Nieuwenhuyse as the President and Chief Executive Officer of the Company, on

January 6, 2020,

the Company granted to Mr. Van Nieuwenhuyse options to purchase

100,000

shares of common stock of the Company, with an exercise price of

$14.50

per share, which is equal to the closing price on

January 6, 2020,

the day on which he began employment with the Company. The options will vest in

two

equal installments, half on the

first

anniversary of Mr. Van Nieuwenhuyse’s employment with the Company and half on the

second

anniversary of his employment with the Company, subject to acceleration upon a change of control of the Company.