Net (Loss) / Per Share (EPS)

9 Months Ended

Apr. 30, 2017

Accounting Policies [Abstract]

Net Income (Loss) Per Share (EPS)

Note 9 - Net (Loss) / Income Per Share (“EPS”):

Basic EPS and diluted EPS for the three and nine-month period ended April 30, 2017 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 1,603,125 incremental shares at April 30, 2017, have been excluded from the computation of diluted EPS as they are anti-dilutive.

Basic EPS and diluted EPS for the three and nine-month period ended April 30, 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. Out of the 460,044 incremental shares at April 30, 2016, representing all outstanding stock options, non-vested restricted stock, warrants and common stock underlying convertible preferred stock, zero and 76 had dilutive effect and have been included for the nine-months and the three-months, respectively. from the computation of diluted EPS.