NET LOSS PER SHARE OF COMMON STOCK

3 Months Ended

Jan. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

7. NET LOSS PER SHARE OF COMMON STOCK

Basic net loss per common share (“Basic EPS”) is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding.  Diluted net loss per common share (“Diluted EPS”) is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares and dilutive common share equivalents and convertible securities then outstanding.  Net loss attributable to common stockholders includes a deemed dividend to the Series A Preferred holder of $2,008,775.  Diluted EPS for all periods presented is the same as Basic EPS, as the inclusion of the effect of common share equivalents then outstanding would be anti-dilutive.  For this reason, excluded from the calculation of Diluted EPS for the three months ended January 31, 2017 and 2016 were stock options to purchase 3,162,272 and 2,712,472 shares, respectively, and warrants to purchase 837,405 and 802,587 shares, respectively.