NET LOSS PER COMMON SHARE

9 Months Ended

Mar. 31, 2025

NET LOSS PER COMMON SHARE [Abstract]

12.	NET LOSS PER COMMON SHARE

Basic net loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the periods. Diluted net loss per common share is computed using the weighted average number of common and dilutive common equivalent shares outstanding during the periods. Common equivalent shares consist of stock options and unvested restricted shares that are computed using the treasury stock method. Anti-dilutive stock awards consist of stock options that would have been anti-dilutive in the application of the treasury stock method.

The following table reconciles the differences between the basic and diluted net loss per share presentations:

	For the Three Months Ended March 31						For the Nine Months Ended March 31
	2025			2024			2025			2024
Numerator
Net loss	$	(1,973,147	)	$	(3,632,707	)	$	(6,643,190	)	$	(9,038,069	)

Denominator:
Weighted average common shares outstanding:
Basic		3,118,273			3,034,495			3,118,273			3,034,495
Effects of dilutive securities		-			-			-			-
Diluted		3,118,273			3,034,495			3,118,273			3,034,495

Net Loss per Common share:
Basic	$	(0.63	)	$	(1.20	)		(2.13	)	$	(2.98	)
Diluted	$	(0.63	)	$	(1.20	)		(2.13	)	$	(2.98	)

For the three and nine months ended March 31, 2025, stock options to purchase approximately 230,000 shares were excluded from the computation of diluted net loss per common share because the effect of inclusion of such amounts would be anti-dilutive to net loss per common share.

For the three and nine months ended March 31, 2024, stock options to purchase approximately 275,000 shares were excluded from the computation of diluted net loss per common share because the effect of inclusion of such amounts would be anti-dilutive to net loss per common share.