Net Income Per Share (EPS) (Tables)

3 Months Ended

Oct. 31, 2019

Accounting Policies [Abstract]

Computation of diluted EPS

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.

	Three Months Ended October 31,
	2019		2018
Weighted average number of common shares outstanding - Basic		53,186,407		22,806,777
Potentially dilutive common stock equivalents		—		31,892,421
Weighted average number of common and equivalent shares outstanding - Diluted		53,186,407		54,699,198

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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 three months ended October 31, 2019 and 2018, respectively.

	Three Months Ended October 31,
	2019		2018
Series H Convertible Preferred Stock		—		25,200,000
Series I Convertible Preferred Stock		—		6,636,000
Convertible debt		3,744,548		—
Stock options		8,871,675		2,747,850
Warrants		15,405,395		—
Total		28,021,618		34,583,850