Net Income Per Share (EPS)

12 Months Ended

Jul. 31, 2020

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 diluted earnings per common share is the same as basic earnings per common share because, as the Company incurred a net loss during each period presented, the potentially dilutive securities from the assumed exercise of all outstanding stock options, warrants and conversion notes payables, would have an anti-dilutive effect.

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common shareholders because including them would have been anti-dilutive for the years ended July 31, 2020 and 2019, respectively.

	Year Ended
	July 31,		July 31,
	2020		2019
Stock options		8,847,025		8,116,495
Convertible debt		7,868,870		2,442,310
Warrants		567,553		21,559,553
Total		17,283,448		32,118,358