2.	Loss Per Share

The following table sets forth the calculation of basic and diluted loss per share for the periods presented (in thousands, except per share data):


	Three Months Ended						Six Months Ended
	December 31,						December 31,
	2014			2013			2014			2013
Net loss	$	(2,088	)	$	(1,577	)	$	(4,199	)	$	(3,451	)
Preferred stock dividends		(101	)		(101	)		(202	)		(202	)
Deemed preferred stock dividends		—			(943	)		—			(2,017	)

Net loss applicable to common shareholders	$	(2,189	)	$	(2,621	)	$	(4,401	)	$	(5,670	)

Weighted average shares		41,603			36,766			40,504			36,063

Basic and diluted loss per common share	$	(0.05	)	$	(0.07	)	$	(0.11	)	$	(0.16	)

The deemed preferred stock dividends included in the loss per share calculation represent the accretion of the fair value of approximately $2,150,000 allocated to a non-cash beneficial conversion feature related to the Series D preferred stock issued in June 2013. The beneficial conversion feature was being amortized over the period from issuance through the earliest permitted conversion date in December 2013. The fair value of the warrants was determined using the Black-Scholes option pricing model. All common stock equivalents were excluded from the loss per share calculation for all periods presented because the impact is antidilutive. At December 31, 2014, options (3,999,000), restricted stock units (881,000), warrants (27,676,000), Series D preferred stock (6,125,000) and Series B preferred stock (250,000) were outstanding. At December 31, 2013, options (3,311,000), restricted stock units (571,000), warrants (26,808,000), Series D preferred stock (6,125,000) and Series B preferred stock (250,000) were outstanding.