Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share

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Loss Per Share
9 Months Ended
Mar. 31, 2024
Loss Per Share [Abstract]  
Loss Per Share

Note 16. 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 three and nine months ended March 31, 2024 and March 31, 2023 presented in these condensed 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 March 31, 2024 and 2023:

 

    March 31,
2024
    March 31,
2023
 
Convertible Notes     9,341,825       9,341,825  
Options     3,031,625       3,232,112  
Warrants    
      41,103  
Total     12,373,450       12,615,040