Net Income Per Share (EPS) (Tables)

9 Months Ended

Apr. 30, 2021

Accounting Policies [Abstract]

Schedule of computation of basic and diluted earnings per share

The following table shows the computation of basic and diluted earnings per share for the three- and nine-month periods ended April 30, 2021 and 2020, respectively;

	Three Months Ended April 30,						Nine Months Ended April 30,
	2021			2020			2021			2020
Numerator:
Net income (loss), basic calculation	$	9,222,550		$	(5,626,462	)	$	(25,588,724	)	$	(21,661,910	)
Less: mark to market derivatives		(15,362,558	)		—			—			—
Net loss, diluted calculation		(6,140,008	)		—			—			—
Denominator:
Weighted-average basic shares outstanding		114,605,060			76,976,925			106,460,699			70,702,570
Effect of dilutive securities		25,802,119			—			—			—
Weighted-average diluted shares		140,407,179			76,976,925			106,460,699			70,702,570
Basic earnings (loss) per share	$	0.08		$	(0.07	)	$	(0.24	)	$	(0.31	)
Diluted loss per share	$	(0.04	)	$	(0.07	)	$	(0.24	)	$	(0.31	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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 nine months ended April 30, 2021 and 2020, respectively:

	Nine Months Ended April 30,
	2021		2020
Convertible debt		—		34,374,900
Stock options		12,605,860		9,123,195
Warrants		62,780,535		567,553
Total		75,386,395		44,065,648