Note 3 - Loss Per Share

9 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

3. Loss per Share

Basic and diluted earnings (loss) per share are calculated by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding and does

not

include the impact of any potentially dilutive common stock equivalents. At March

 31, 2020 

and

2019,

the calculation of diluted weighted average shares did

not

include convertible preferred stock, common stock warrants, or options that are potentially convertible into common stock as those would be antidilutive due to the Company’s net loss position.

Securities

not

considered in the calculation of diluted weighted average shares, but that could be dilutive in the future as of

March 31, 2020 

and

2019,

were as follows (in thousands):

	March 31,
	2020		2019
Series B preferred stock		59		59
Common stock warrants		6,080		6,080
Common stock options		4,367		3,925
Total potential dilutive securities		10,506		10,064