Net Income (Loss) Per Share (EPS)

3 Months Ended

Oct. 31, 2016

Accounting Policies [Abstract]

Net Income (Loss) Per Share (EPS)

Note 6 – Net (Loss) / Income Per Share (“EPS”):

Basic EPS and diluted EPS for the three-month period ended October 31, 2016 have been computed by dividing the net loss available to common stockholders for the period by the weighted average shares outstanding during the period. All outstanding stock options, non-vested restricted stock, warrants and common stock underlying convertible preferred stock, representing 401,373,216 incremental shares at October 31, 2016, have been excluded from the computation of diluted EPS as they are anti-dilutive.

Basic EPS and diluted EPS for the three-month period ended October 31, 2015 have been computed by dividing the net loss available to common stockholders for the period by the weighted average shares outstanding during the period. All outstanding stock options, non-vested restricted stock, warrants and common stock underlying convertible preferred stock, representing 606,644,111 incremental shares at October 31, 2015, have been excluded from the computation of diluted EPS as they are anti-dilutive.