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Net Loss Per Common Share
9 Months Ended
Mar. 31, 2022
Net Loss Per Common Share  
Net Loss Per Common Share

17. 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. The 3,030,000 Pre-Funded Warrants with an exercise price of $0.0001 per share of common stock were considered economically equivalent to common stock and were included in the weighted average number of common stock outstanding for calculation of basic income (loss) per share.

The following table sets-forth securities that are considered anti-dilutive, and therefore excluded from the calculation of diluted earnings per share.

March 31, 

    

    

2022

    

2021

Warrants to purchase common stock - liability classified

 

(Note 16)

24,105

 

24,105

Warrant to purchase common stock - equity classified

 

(Note 16)

8,664,471

 

1,257,525

Employee stock options

 

(Note 15)

83,857

 

136,254

Employee unvested restricted stock

 

(Note 15)

2,137,481

 

274,635

Employee unvested restricted stock units

(Note 15)

154,488

87,362

Total

11,064,402

 

1,779,881