Net (Loss) / Income Per Share (“EPS”)

12 Months Ended

Jul. 31, 2018

Accounting Policies [Abstract]

Net Income (Loss) Per Share (EPS)

Note 10 - Net (Loss) / Income Per Share (“EPS”):

Basic net income or loss per share is calculated using the weighted average number of common shares outstanding during the period. Diluted net income per share is calculated by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period and, when dilutive, potential shares from stock options and warrants to purchase common stock, using the treasury stock method. Common stock equivalents are included in the diluted income per share calculation only when option exercise prices are lower than the average market price of the common shares for the period presented. Since there was a net loss in the year ended July 31, 2017, diluted EPS was not presented as all potentially dilutive securities were antidilutive.

The weighted average number of common stock equivalents not included in diluted income per share, because the effects are anti-dilutive, was 850 for the year ended July 31, 2018.

	Year Ended July 31,		Year Ended July 31,
	2018		2017
Weighted average number of common shares outstanding - Basic		1,068,100		987,288
Potentially dilutive common stock  equivalents		1,523,028		—
Weighted average number of common and equivalent shares outstanding-Diluted		2,591,129		987,288