Net Loss Per Share

9 Months Ended

Mar. 31, 2014

Net Loss Per Share

2. Net Loss Per Share

Basic and diluted net loss per share are computed using the weighted-average number of shares of common stock outstanding during the period, less any shares subject to repurchase or forfeiture. There were no shares of common stock subject to repurchase or forfeiture for the three and nine months ended March 31, 2014 and 2013. Because the Company is in a net loss position, it has excluded stock options, RSUs and warrants from the calculation of diluted net loss per share because these securities are antidilutive for all periods presented. As of March 31, 2014 and 2013, the number of securities excluded from the computation of diluted net loss per share totaled approximately 6,317,161 and 6,027,031, respectively.