Net Income Per Share (EPS)

9 Months Ended

Apr. 30, 2019

Accounting Policies [Abstract]

Net Income Per Share (EPS)

Note 5 - 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 16,016,231 for the three and nine months ended April 30, 2019.

	Three Months Ended April 30,		Three Months Ended April 30,
	2019		2018
Weighted average number of common shares outstanding – Basic		60,362,163		22,430,100
Potentially dilutive common stock equivalents		—		32,016,936
Weighted average number of common and equivalent shares outstanding-Diluted		60,362,163		54.447,036

	Nine Months Ended April 30,		Nine Months Ended April 30,
	2019		2018
Weighted average number of common shares outstanding – Basic		44,203,218		22,430,100
Potentially dilutive common stock equivalents		—		32,016,936
Weighted average number of common and equivalent shares outstanding-Diluted		44,,203,218		54.447,036