Note 8 - Net Loss Per Share

6 Months Ended

Apr. 30, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

(8) Net Loss Per Share

Basic net loss per share excludes dilution and is computed by dividing net loss available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the net loss of the Company.

The following is a reconciliation of the numerators and denominators of the net loss per share computations for the periods presented:

	Three months ended April 30,						Six months ended April 30,
	2015			2014			2015			2014
Net loss attributable to OCC (numerator)	$	(490,144	)	$	(143,277	)	$	(718,327	)	$	(555,413	)
Shares (denominator)		6,166,556			6,036,591			6,212,340			6,039,381
Basic and diluted net loss per share	$	(0.08	)	$	(0.02	)	$	(0.12	)	$	(0.09	)

Weighted average unvested shares as of April 30, 2015 totaling 657,148 and 611,101, respectively, were not included in the computation of basic and diluted net loss per share for the three months and six months ended April 30, 2015 (because to include such shares would have been antidilutive, or in other words, to do so would have reduced the net loss per share for those periods).

Weighted average unvested shares as of April 30, 2014 totaling 654,048 and 586,354, respectively, were not included in the computation of basic and diluted net loss per share for the three months and six months ended April 30, 2014 (because to include such shares would have been antidilutive, or in other words, to do so would have reduced the net loss per share for those periods).