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Net Loss Per Share | 9 Months Ended
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Mar. 31, 2022
Net Loss Per Share | Note 5. Net Loss Per Share Basic and diluted net loss per share are computed using the weighted-average number of shares of common stock outstanding during the period, less any shares subject to repurchase or forfeiture. There were no shares of common stock subject to repurchase or forfeiture for the three and nine months ended March 31, 2022 and 2021. Diluted net loss per share is computed based on the sum of the weighted average number of common shares and potentially dilutive common shares outstanding during the period. The following table presents the calculation of net loss used to calculate basic loss and diluted loss per share (in thousands):
|  | Three Months Ended March 31, |  |  | Nine Months Ended March 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  |  |  |  | (As Restated) |  |  |  |  |  | (As Restated) |
Net loss – basic |  | $ | (8,725 | ) |  | $ | (25,622 | ) |  | $ | (38,391 | ) |  | $ | (32,936 | )
Change in fair value of warrant liability |  |  | — |  |  |  | — |  |  |  | (8,046 | ) |  |  | (20,307 | )
Net loss – diluted |  | $ | (8,725 | ) |  | $ | (25,622 | ) |  | $ | (46,437 | ) |  | $ | (53,243 | )
Share used in calculating net loss per share was determined as follows (in thousands):
|  | Three Months Ended March 31, |  |  | Nine Months Ended March 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Weighted average shares used in calculating basic net loss per share |  |  | 133,056 |  |  |  | 112,557 |  |  |  | 121,591 |  |  |  | 112,505 |
Effect of potentially dilutive common shares from equity awards and liability-classified warrants |  |  | — |  |  |  | — |  |  |  | 891 |  |  |  | 1,486 |
Weighted average shares used in calculating diluted net loss per share |  |  | 133,056 |  |  |  | 112,557 |  |  |  | 122,482 |  |  |  | 113,991 |
Our potentially dilutive shares, which include outstanding stock options, restricted stock units, and warrants, are considered to be common stock equivalents and are only included in the calculation of diluted net loss per share when their effect is dilutive. The following table presents weighted-average potentially dilutive shares that have been excluded from the calculation of net loss per share because of their anti-dilutive effect (in thousands):
|  | Three Months Ended March 31, |  |  | Nine Months Ended March 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Stock options |  |  | 20,400 |  |  |  | 16,161 |  |  |  | 20,581 |  |  |  | 15,618 |
Restricted stock units |  |  | 224 |  |  |  | 430 |  |  |  | 237 |  |  |  | 430 |
Warrants |  |  | 16,059 |  |  |  | 16,060 |  |  |  | 5,353 |  |  |  | 5,354 |
Total anti-dilutive shares |  |  | 36,683 |  |  |  | 32,651 |  |  |  | 26,171 |  |  |  | 21,402 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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