XML 43 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Schedule that Reconciles the Number of Shares Used to Compute Basic and Diluted Net (Loss) Income Per Share

The following table reconciles the number of shares used to compute basic and diluted net (loss) income per share:

 

     Year Ended June 30,  
     2017      2016      2015  

Number of common shares – basic

     35,343,765        31,623,473        29,378,250  

Effect of dilutive securities:

        

Stock options

     —          —          956,441  

Warrants

     —          —          249,449  
  

 

 

    

 

 

    

 

 

 

Number of common shares – diluted

     35,343,765        31,623,473        30,584,140  
  

 

 

    

 

 

    

 

 

 
Potentially Dilutive Securities Excluded from Computation of Diluted Weighted-Average Shares

Potential common stock equivalents excluded from the calculation of diluted earnings per share because the effect would have been anti-dilutive were as follows:

 

     Year Ended June 30,  
     2017      2016      2015  

Options outstanding

     6,895,685        4,981,421        2,010,793  

Warrants outstanding

     623,605        623,605        552,500  

Restricted stock units outstanding

     948,500        —          —    

Performance stock units outstanding

     210,000        —          —    
  

 

 

    

 

 

    

 

 

 
     8,677,790        5,605,026        2,563,293