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 September 30,
	2015			2014
Net loss	$	(2,063	)	$	(2,111	)
Preferred stock dividends		(102	)		(101	)

Net loss applicable to common shareholders	$	(2,165	)	$	(2,212	)

Weighted average shares		42,192			39,405

Basic and diluted loss per common share	$	(0.05	)	$	(0.06	)

All common stock equivalents were excluded from the loss per share calculation for all periods presented because the impact is antidilutive. At September 30, 2015, options (5,577,000), restricted stock units (883,000), warrants (34,769,000), convertible debt (3,600,000), Series D preferred stock (6,125,000) and Series B preferred stock (250,000) were outstanding. At September 30, 2014, options (3,813,000), restricted stock units (910,000), warrants (27,676,000), Series D preferred stock (6,125,000) and Series B preferred stock (250,000) were outstanding.