Note 15 - Loss Per Share

6 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 15: 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,
	2022			2021			2022			2021
Numerator
Net Loss for the Period	$	(5,474,267	)	$	(3,461,059	)	$	(7,548,093	)	$	(8,424,596	)
Denominator
Basic Weighted Average Number of Shares		269,120,537			198,673,515			257,989,930			194,314,507
Dilutive Stock Options, RSUs, PRSUs and Warrants		-			-			-			-
Diluted Weighted Average Number of Shares		269,120,537			198,673,515			257,989,930			194,314,507
Net Loss per Share, Basic and Diluted	$	(0.02	)	$	(0.02	)	$	(0.03	)	$	(0.04	)

For the three and six months ended January 31, 2022 and 2021, all outstanding stock options, RSUs, PRSUs and share purchase warrants were excluded from the calculation of the diluted loss per share since their effects would be anti-dilutive.