v3.25.2
NET LOSS PER COMMON SHARE
 3 Months Ended
Sep. 30, 2024
NET LOSS PER COMMON SHARE [Abstract]  
NET LOSS PER COMMON SHARE
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:

   
Three Months Ended September 30,
  
   
2024
    
2023
  
Numerator:
            
Net loss
  
$
(2,133,520
)
  
$
(2,539,457
)
                 
Denominator:
                
Weighted average common shares outstanding:
                
Basic
    
3,118,273
      
3,044,495
  
Effects of dilutive securities
    
-
      
-
  
Diluted
    
3,118,273
      
3,044,495
  
                 
Net loss per common share:
                
Basic
  
$
(0.68
)
  
$
(0.83
)
Diluted
  
$
(0.68
)
  
$
(0.83
)

For the three months ended September 30, 2024, stock options to purchase approximately 239,000 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 months ended September 30, 2023, stock options to purchase approximately 177,000 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. Approximately 179,000 shares of unvested restricted stock are excluded from the computation of diluted net loss per common share as of September 30, 2023 because the shares are performance-based, and the underlying conditions had not been met as of the period presented and the effects of the inclusion of such shares would be anti-dilutive to net loss per common share.