Net Loss Per Common Share

The Company calculates basic loss per common share by dividing net loss by the weighted average number of common shares outstanding during the periods. Diluted loss per common share includes the impact from all dilutive potential common shares relating to outstanding convertible securities.

For the three months ended December 31, 2020 and 2019, basic and diluted weighted-average common shares outstanding were 11,633,793 and 5,106,781, respectively. For the six months ended December 31, 2020 and 2019, basic and diluted weighted-average common shares outstanding were 10,647,181 and 5,105,061, respectively. The Company incurred a net loss for the three and six months ended December 31, 2020 and 2019, and therefore, basic and diluted loss per share for the periods are the same because potential common equivalent shares were excluded from diluted weighted-average common shares outstanding during the period, as the inclusion of such shares would be anti-dilutive. The total potentially dilutive common shares outstanding at December 31, 2020 and 2019, excluded from diluted weighted-average common shares outstanding, which include common shares underlying outstanding convertible debt, stock options, RSUs, and warrants, were 1,562,019 and 568,641, respectively.