Net Income Per Share (EPS)

12 Months Ended

Jul. 31, 2019

Accounting Policies [Abstract]

Net Income Per Share (EPS)

Note 11 - 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.

	Year Ended
	July 31,		July 31,
	2019		2018
Weighted average number of common shares outstanding - Basic		48,360,127		1,068,100
Potentially dilutive common stock equivalents		5,157,374		1,523,028
Weighted average number of common and equivalent shares outstanding-Diluted		53,517,501		2,591,129

The following table provides weighted average number of common stock equivalents not included in diluted income per share, because the effects are anti-dilutive, for the years ended July 31, 2019 and 2018, respectively.

	Year Ended
	July 31,		July 31,
	2019		2018
Stock options		2,831,301		17,850
Warrants		15,399,681		—
Total		18,230,982		17,850