XML 38 R24.htm IDEA: XBRL DOCUMENT v3.20.2
Net Loss Per Common Share
 12 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Net Loss Per Common Share

Basic income (loss) per common share is calculated by dividing the net income (loss) available to the common shareholders by the weighted average number of common shares outstanding during that period. Diluted net loss per share reflects the potential of securities that could share in the net loss of the Company. For each of the years ended June 30, 2020 and 2019, respectively, presented, the basic and diluted loss per share were the same for the years ended June 30, 2020 and 2019, as they were not included in the calculation of the diluted net loss per share because they would have been anti-dilutive.

 

The following table sets-forth securities that could be potentially dilutive, but as of the years ended June 30, 2020 and 2019 are anti-dilutive, and therefore excluded from the calculation of diluted earnings per share.

 

      Year Ended June 30,  
      2020     2019  
Warrants to purchase common stock - liability classified  (Note 15)     240,755       240,755  
Warrant to purchase common stock - equity classified  (Note 15)     22,884,538       16,238,657  
Employee stock options  (Note 14)     765,937       1,607  
Employee unvested restricted stock  (Note 14)     4,186,056       2,551,024  
Convertible preferred stock  (Note 13)     -       3,594,981  
      28,077,286       22,627,024