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Net Income Per Share (EPS)
3 Months Ended
Oct. 31, 2020
Accounting Policies [Abstract]  
Net Income Per Share (EPS)

Note 13 - 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 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 October 31, 2020 and 2019, respectively.

    Three Months Ended October 31,
    2020   2019
Convertible debt     16,867,885       5,061,647  
Stock options     12,922,360       9,339,195  
Warrants     60,772,618       21,567,553  
Total     90,562,863       35,968,395