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LOSS PER SHARE
 6 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
LOSS PER SHARE

NOTE 10. LOSS PER SHARE

 

Basic loss per common share is computed by dividing net loss allocable to common shareholders by the weighted average number of shares of common stock or common stock equivalents outstanding. Diluted loss per common share is computed similar to basic loss per common share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock.

 

                 
   Three Months Ended December 31,   Six Months Ended December 31, 
   2024   2023   2024   2023 
Net loss attributable to Intelligent Bio Solutions Inc.  $(2,249,470)  $(1,969,641)  $(4,935,103)  $(4,394,845)
Basic and diluted net loss per share attributed to common shareholders  $(0.50)  $(2.07)  $(1.18)  $(7.68)
Weighted average number of shares outstanding   4,535,815    949,660    4,173,452    571,930 

 

The following outstanding warrants were excluded from the computation of diluted net loss per share for the periods presented because their effect would have been anti-dilutive:

 

         
   As of December 31, 
   2024   2023 
Warrants   5,516,754    771,956