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, 2024 and 2023 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. Unexercised warrants with nominal remaining exercise prices of 31 million are included in the basic and diluted calculation of weighted average common shares outstanding.

The Company had the following common stock equivalents at June 30, 2024 and 2023: