Annual report pursuant to Section 13 and 15(d)

Loss Per Share

v3.23.2
Loss Per Share
 12 Months Ended
Jun. 30, 2023
Loss Per Share [Abstract]  
Loss Per Share

Note 18. Loss Per Share

 

Basic net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents. In periods when losses are reported, which is the case for the years ended June 30, 2023 and 2022 presented in these consolidated financial statements, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.

 

The Company had the following common stock equivalents at June 30, 2023 and 2022:

 

    June 30,
2023		     June 30,
2022		  
Convertible Notes     9,341,825       9,341,825  
Options     3,156,037       3,020,002  
Warrants    
—
       41,103  
Total     12,497,862       2,664,686