3. NET LOSS PER COMMON SHARE

3 Months Ended

Jun. 30, 2022

NET LOSS PER COMMON SHARE

NOTE 3 - NET LOSS PER COMMON SHARE

NOTE 3—NET LOSS PER COMMON SHARE

The Company uses the treasury stock method to calculate the weighted average shares used in computing diluted net loss per share. The following table sets forth the computation of basic and diluted net loss per share:

	Three Months Ended June 30,
	2022		2021
	(In thousands, except per share amounts)
Net loss	$	(3,976)	$	(4,209)
Denominators:
Weighted average shares—Basic		24,523		24,095
Dilutive effect of employee stock options		—		—
Dilutive effect of employee stock purchase plan options		—		—
Weighted average shares—Dilutive		24,523		24,095
Net loss per common share—Basic	$	(0.16)	$	(0.17)
Net loss per common share—Diluted	$	(0.16)	$	(0.17)

The following shares of common stock underlying outstanding stock options, determined on a weighted average basis, were excluded from the computation of diluted net loss per share as they had an anti-dilutive effect:

	Three Months Ended June 30,
	2022	2021
	(In thousands)
Shares underlying options and ESPP shares	8,113	5,648