Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.19.1
Net Loss Per Share
9 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Net Loss Per Share
Note 12. Net Loss Per Share
 
Basic net loss per share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. The calculation of net loss attributable to common stockholders for the three and nine months ended March 31, 2019 and 2018 reflects the BCF related to the issuance of Series AA Preferred Stock to the New Investors discussed in Note 7, as follows:
 
 
 
Three Months
 
 
Nine Months
 
 
 
Ended March 31,
 
 
Ended March 31,
 
 
 
2019
 
 
2018
 
 
2019
 
 
2018
 
Net loss
 
$
(19,772,805
)
 
$
(4,967,838
)
 
$
(27,299,470
)
 
$
(17,371,037
)
Beneficial conversion feature
 
 
(2,273,000
)
 
 
-
 
 
 
(2,273,000
)
 
 
-
 
Net loss attributable to common stockholders
 
$
(22,045,805
)
 
$
(4,967,838
)
 
$
(29,572,470
)
 
$
(17,371,037
)
 
For the three and nine months ended March 31, 2019 and 2018, basic and diluted net loss per share were the same since all common stock equivalents were anti-dilutive.
As of
March 31, 2019
and
2018
, the following potential common stock equivalents were excluded from the computation of diluted net loss per share since the impact of inclusion was anti-dilutive (in thousands): 
 
 
 
2019
 
 
2018
 
 
 
 
 
 
 
 
Series AA Preferred Stock
 
 
148,523,540
 
 
 
-
 
Stock options
 
 
16,868,146
 
 
 
20,809,584
 
Warrants
 
 
46,389,235
 
 
 
34,011,041
 
 
 
 
 
 
 
 
 
 
Total
 
 
211,780,921
 
 
 
54,820,625