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Net Loss per Share
 3 Months Ended
Sep. 30, 2025
Net Income (Loss) per Share  
Net Income (Loss) per Share

10. Net Loss per Share.

Basic net loss per share is computed by dividing net loss by the weighted average shares outstanding and excludes any dilutive effects of stock options and restricted stock units and awards. Diluted net loss per share gives effect to all diluted potential common shares outstanding during the year.

In determining diluted net loss per share, the Company considers whether the result of the incremental shares would be antidilutive. During the three months ended September 30, 2025 and 2024, the Company was in a net loss position and the result of the potentially dilutive securities was determined to be antidilutive and therefore, no incremental shares are included in the per share calculations.

Weighted average common shares outstanding for the three months ended September 30, 2025 and 2024 were as follows:

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Three Months Ended

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September 30, 

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2025

    

2024

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Denominator for basic net loss per share - weighted average shares

 

1,770,000

 

1,770,000

Effect of dilutive equity awards

 

—

 

—

Denominator for diluted net loss per share - weighted average shares

 

1,770,000

 

1,770,000

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