NOTE 12:

LOSS PER SHARE

The following table reconciles the weighted average number of shares used in the calculation of the basic and diluted loss per share:

	Three Months Ended October 31,
	2017		2016
Numerator
Net Loss for the Period	$	(4,555,840)	$	(4,252,694)

Denominator
Basic Weighted Average Number of Shares		154,133,517		117,099,921
Dilutive Stock Options and Warrants		-		-
Diluted Weighted Average Number of Shares		154,133,517		117,099,921

Net Loss per Share, Basic and Diluted	$	(0.03)	$	(0.04)

For the three months ended October 31, 2017 and 2016, all outstanding stock options and share purchase warrants were excluded from the calculation of the diluted loss per share since we reported net losses for those periods and their effects would be anti-dilutive.