LOSS PER SHARE

6 Months Ended

Dec. 31, 2020

The calculation of basic and diluted loss per share are presented below:


	Three months ended December 31,
($ in thousands, except per share data)	2020		2019

Numerator for basic and diluted loss per share
Net loss applicable to common shareholders	$	(2,902)	$	(8,378)

Denominator for basic loss per share - Weighted average shares outstanding	64,913,364		63,664,256
Effect of dilutive potential common shares	—		—
Denominator for diluted loss per share - Adjusted weighted average shares outstanding	64,913,364		63,664,256

Basic loss per share	$	(0.04)	$	(0.13)
Diluted loss per share	$	(0.04)	$	(0.13)


	Six months ended December 31,
($ in thousands, except per share data)	2020		2019

Numerator for basic and diluted loss per share
Net loss applicable to common shareholders	$	(9,849)	$	(20,220)

Denominator for basic loss per share - Weighted average shares outstanding	64,886,183		61,891,197
Effect of dilutive potential common shares	—		—
Denominator for diluted loss per share - Adjusted weighted average shares outstanding	64,886,183		61,891,197

Basic loss per share	$	(0.15)	$	(0.33)
Diluted loss per share	$	(0.15)	$	(0.33)

Anti-dilutive shares excluded from the calculation of diluted loss per share were 2,586,480 for the three and six months ended December 31, 2020 and 1,529,381 for the three and six months ended December 31, 2019.