Net Income Per Share (EPS)

6 Months Ended

Jan. 31, 2019

Accounting Policies [Abstract]

Net Income Per Share (EPS)

Note 6 - Net 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.

The weighted average number of common stock equivalents not included in diluted income per share, because the effects are anti-dilutive, was 17,850 for the three and six months ended January 31, 2019.

	Three Months Ended January 31,		Three Months Ended January 31,
	2019		2018
Weighted average number of common shares outstanding - Basic		49,967,615		22,430,121
Potentially dilutive common stock equivalents		5,127,472		32,085,329
Weighted average number of common and equivalent shares outstanding-Diluted		55,095,087		54,515,450

	Six Months Ended January 31,		Six Months Ended January 31,
	2019		2018
Weighted average number of common shares outstanding - Basic		36,387,206		22,430,121
Potentially dilutive common stock equivalents		5,127,472		32,085,329
Weighted average number of common and equivalent shares outstanding-Diluted		41,514,678		54,515,450