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Net Loss per Common Share
 6 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Net Loss per Common Share

Note 2. Net Loss per Common Share

 

Basic net loss per common share is computed using the weighted-average number of shares of common stock outstanding. In periods where net income is reported, the weighted–average number of shares outstanding is increased by warrants and options in the money to calculate diluted net income per common share.

 

The following table represents the calculation of basic and diluted net loss per common share (unaudited, in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

December 31, 

 

December 31, 

 

 

 

2014

 

2013

 

2014

 

2013

 

Net loss applicable to common stockholders

    

$
(5,461)

    

$
(1,217)

    

$
(7,097)

    

$
(3,221)

 

Basic net loss per common stock

 

$
(0.20)

 

$
(0.05)

 

$
(0.27)

 

$
(0.13)

 

Weighted-average common shares used in computing basic net loss per common share

 

 
26,657 

 

 
25,356 

 

 
26,422 

 

 
25,267 

 

Effect of dilutive options

 

 

—

 

 

—

 

 

—

 

 

—

 

Weighted-average common shares used in computing diluted net loss per common share

 

 
26,657 

 

 
25,356 

 

 
26,422 

 

 
25,267 

 

Diluted net loss per common stock

 

$
(0.20)

 

$
(0.05)

 

$
(0.27)

 

$
(0.13)

 

 

Weighted average shares of stock options to purchase 2,910,740 and 2,667,888 shares of common stock for the three and six months ended December 31, 2014 and 2,136,411 and 2,210,706 shares of common stock for the three and six months ended December 31, 2013 were not included in the computation of diluted net loss per common share due to their anti-dilutive effect. Such securities could have a dilutive effect in future periods.