Annual report pursuant to Section 13 and 15(d)

NET LOSS PER SHARE

v3.20.2
NET LOSS PER SHARE
12 Months Ended
Jun. 30, 2020
NET LOSS PER SHARE  
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 year ended June 30, 2019 reflects the BCF related to the issuance of Series AA Preferred Stock to H&G discussed in Note 6, as follows (in thousands):

 

 

 

 

 

 

 

 

    

2020

    

2019

Net loss

 

$

(20,333)

 

$

(30,446)

Beneficial conversion feature

 

 

 —

 

 

(2,273)

Net loss attributable to common stockholders

 

$

(20,333)

 

$

(32,719)

 

For the years ended June 30, 2020 and 2019, basic and diluted net loss per share were the same since all Common Stock equivalents were anti-dilutive. As of June 30, 2020 and 2019, 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):

 

 

 

 

 

 

    

2020

    

2019

Stock options

 

963

 

277

Warrants

 

618

 

920

Total

 

1,581

 

1,197