XML 19 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
Net Loss per Common Share
 9 Months Ended
Mar. 31, 2016
Net Loss per Common 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

 

Nine Months Ended

 

 

 

March 31, 

 

March 31, 

 

 

 

2016

 

2015

 

2016

 

2015

 

Net loss applicable to common stockholders

    

$
(3,001)

    

$
(2,399)

    

$
(7,616)

    

$
(9,496)

 

Basic net loss per common stock

 

$
(0.11)

 

$
(0.09)

 

$
(0.28)

 

$
(0.36)

 

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

 

 
27,070

 

 
26,709

 

 
27,043

 

 
26,516

 

Effect of dilutive options

 

 

—

 

 

—

 

 

—

 

 

—

 

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

 

 
27,070

 

 
26,709

 

 
27,043

 

 
26,516

 

Diluted net loss per common stock

 

$
(0.11)

 

$
(0.09)

 

$
(0.28)

 

$
(0.36)

 

 

Weighted-average shares of stock options to purchase 2,668,595 and 2,698,219 shares of common stock for the three and nine months ended March 31, 2016, respectively, and 2,833,206 and 2,722,293 shares of common stock for the three and nine months ended March 31, 2015, respectively, 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.