Note 15 - Income (Loss) Per Share

9 Months Ended

Apr. 30, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 15:          INCOME (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 April 30,					Nine Months Ended April 30,
Numerator	2022		2021			2022			2021
Net Income (Loss) for the Period	$	7,344,738	$	(4,590,161	)	$	(203,355	)	$	(13,014,757	)
Denominator
Basic Weighted Average Number of Shares		281,668,948		218,822,085			265,709,463			202,304,157
Dilutive Effect of Stock Awards and Warrants		10,092,007		-			-			-
Diluted Weighted Average Number of Shares		291,760,955		218,822,085			265,709,463			202,304,157
Net Income (Loss) Per Share - Basic	$	0.03	$	(0.02	)	$	(0.00	)	$	(0.06	)
Net Income (Loss) Per Share - Diluted	$	0.03	$	(0.02	)	$	(0.00	)	$	(0.06	)

We recorded net loss for the nine months ended April 30, 2022 and for three and nine months ended April 30, 2021. As such, all outstanding stock options, RSUs, PRSUs and share purchase warrants for these periods were excluded from the calculation of the diluted loss per share since their effects would be anti-dilutive.