LOSS PER SHARE CALCULATION

12 Months Ended

Jun. 30, 2022

The following table presents the calculation of basic and diluted loss per share:


	Year ended June 30,
($ in thousands, except share and per share data)	2022		2021		2020

Numerator for basic and diluted loss per share
Net loss	$	(1,703)	$	(8,705)	$	(40,595)
Preferred dividends	(668)		(668)		(668)
Net loss available to common shareholders	$	(2,371)	$	(9,373)	$	(41,263)

Denominator for basic loss per share - Weighted average shares outstanding	71,091,790		67,002,438		62,980,193
Effect of dilutive potential common shares	—		—		—
Denominator for diluted loss per share - Adjusted weighted average shares outstanding	71,091,790		67,002,438		62,980,193

Basic and diluted loss per share	$	(0.03)	$	(0.14)	$	(0.66)

Potentially anti-dilutive shares excluded from the calculation of diluted loss per share were approximately 5 million, 4 million, and 3 million for the year ended June 30, 2022, 2021 and 2020, respectively.