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Net Loss Per Common Share
 6 Months Ended
Dec. 31, 2021
Net Loss Per Common Share  
Net Loss Per Common Share

16. 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 all periods presented, there is no difference in the number of shares used to compute basic and diluted shares outstanding due to the Company’s net loss position. Restricted stock is considered legally issued and outstanding on the grant date, while RSUs are not considered legally issued and outstanding until the RSUs vest. Once the RSUs vest, equivalent common shares will be issued or issuable to the grantee and therefore the RSUs are not considered for inclusion in total common shares issued and outstanding until vested.

The following table sets-forth securities that could be potentially dilutive, but for the three and six months ended December 31, 2021 and 2020 are anti-dilutive, and therefore excluded from the calculation of diluted earnings per share.

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December 31, 

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​

    

2021

    

2020

Warrants to purchase common stock - liability classified

 

(Note 15)

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24,105

 

24,105

Warrant to purchase common stock - equity classified

 

(Note 15)

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1,159,282

 

2,379,918

Employee stock options

 

(Note 14)

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90,731

 

76,594

Employee unvested restricted stock

 

(Note 14)

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2,159,432

 

381,686

Employee unvested restricted stock units

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(Note 14)

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33,424

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—

Total

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3,466,974

 

2,862,303

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