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EARNINGS PER SHARE CALCULATION | 12 Months Ended
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Jun. 30, 2017
Earnings Per Share [Abstract] |
EARNINGS PER SHARE CALCULATION | 4. EARNINGS PER SHARE CALCULATION The calculation of basic loss per share and diluted loss per share is presented below:
|  | Year ended June 30,
($ in thousands, except per share data) |  | 2017 |  | 2016 |  | 2015
Numerator for basic and diluted loss per share |  |  |  |  |  |  |  |  |
Net loss |  | $ | (1,852) |  | $ | (6,806) |  | $ | (1,089)
Preferred dividends |  |  | (668) |  |  | (668) |  |  | (668)
Net loss available to common shareholders |  | $ | (2,520) |  | $ | (7,474) |  | $ | (1,757)
Denominator for basic loss per share - Weighted average shares outstanding |  |  | 39,860,335 |  |  | 36,309,047 |  |  | 35,719,211
Effect of dilutive potential common shares |  |  | — |  |  | — |  |  | —
Denominator for diluted loss per share - Adjusted weighted average shares outstanding |  |  | 39,860,335 |  |  | 36,309,047 |  |  | 35,719,211
Basic loss per share |  | $ | (0.06) |  | $ | (0.21) |  | $ | (0.05)
Diluted loss per share |  | $ | (0.06) |  | $ | (0.21) |  | $ | (0.05)
Antidilutive shares excluded from the calculation of diluted loss per share were 634,231, 1,168,689, and 252,827 for the years ended June 30, 2017, 2016 and 2015, respectively.

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