Loss Per Share (Tables)

3 Months Ended

Jan. 31, 2019

Calculation of Basic and Diluted Loss Per Share

The calculation of basic and diluted loss per share was as follows:

	Three Months Ended January 31,
	2019			2018
Numerator
Net loss	$	(17,548	)	$	(4,183	)
Series B preferred stock dividends	$	(800	)	$	(800	)
Series C preferred stock deemed dividends and redemption value adjustment		(9,005	)		(3,463	)
Series D Preferred stock deemed dividends and redemption accretion		(5,685	)		—
Net loss attributable to common stockholders	$	(33,038	)	$	(8,446	)
Denominator
Weighted average basic common shares		99,860,421			72,024,811
Effect of dilutive securities ⁽¹⁾		—			—
Weighted average diluted common shares		99,860,421			72,024,811
Basic loss per share	$	(0.33	)	$	(0.12	)
Diluted loss per share ⁽¹⁾	$	(0.33	)	$	(0.12	)

(1)

Due to the net loss to common stockholders in each of the periods presented above, diluted loss per share was computed without consideration to potentially dilutive instruments as their inclusion would have been antidilutive. As of January 31, 2019 and 2018, potentially dilutive securities excluded from the diluted loss per share calculation are as follows:

Schedule of Potentially Dilutive Securities Excluded from the Diluted Loss Per Share Calculation

As of January 31, 2019 and 2018, potentially dilutive securities excluded from the diluted loss per share calculation are as follows:

	January 31,		January 31,
	2019		2018
May 2017 Offering - Series C Warrants		11,569,364		11,573,364
May 2017 Offering - Series D Warrants		—		525,308
July 2016 Offering - Series A Warrants		7,680,000		7,680,000
Outstanding options to purchase common stock		323,486		281,175
Unvested Restricted Stock Awards		1,100,591		1,789,581
Unvested Restricted Stock Units		3,400,922		1,185,001
Series C Preferred Shares to satisfy conversion requirements ⁽¹⁾		17,211,968		13,512,717
Series D Preferred Shares to satisfy conversion requirements ⁽²⁾		18,424,965		—
5% Series B Cumulative Convertible Preferred Stock		454,043		454,043
Series 1 Preferred Shares to satisfy conversion requirements		15,168		15,166
Total potentially dilutive securities		60,180,507		37,016,355

(1)

The number of shares of common stock issuable upon conversion of the Series C Preferred Stock was calculated using the liquidation preference value outstanding on January 31, 2019 of $7.5 million divided by the reduced conversion price of $0.43 and the liquidation preference of $24.2 million divided by the conversion price of $1.84 as of January 31, 2018. The actual number of shares issued could vary depending on the actual market price of the Company’s common shares on the date of such conversions.

(2)

The number of shares of common stock issuable upon conversion of the Series D Preferred Stock was calculated using the liquidation preference value outstanding on January 31, 2019 of $25.4 million divided by the conversion price of $1.38. The actual number of shares issued could vary depending on the actual market price of the Company’s common shares on the date of such conversions.