Note 13 - Loss Per Share

6 Months Ended

Jan. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

13

:     

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 January 31,						Six Months Ended January 31,
	2020			2019			2020			2019
Numerator
Net Loss for the Period	$	(1,888,661	)	$	(2,349,674	)	$	(6,931,238	)	$	(5,801,100	)
Denominator
Basic Weighted Average Number of Shares		182,802,747			177,061,313			182,021,725			171,729,303
Dilutive Stock Options, Warrants, RSUs and PRSUs		-			-			-			-
Diluted Weighted Average Number of Shares		182,802,747			177,061,313			182,021,725			171,729,303
Net Loss per Share, Basic and Diluted	$	(0.01	)	$	(0.01	)	$	(0.04	)	$	(0.03	)

For the

three

and

six

months ended

January 31, 2020

and

2019,

all outstanding stock options, RSUs, PRSUs 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.