Loss Per Share (Tables)

9 Months Ended

Jul. 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 July 31,						Nine Months Ended July 31,
	2019			2018			2019			2018
Numerator
Net loss	$	(5,311	)	$	(15,881	)	$	(42,389	)	$	(33,238	)
Series A warrant exchange		—			—			(3,169	)		—
Series B preferred stock dividends		(810	)		(800	)		(2,410	)		(2,400	)
Series C preferred stock deemed contributions (dividends) and redemption value adjustment, net		884			(939	)		(6,522	)		(8,601	)
Series D Preferred stock deemed dividends and redemption accretion		(3,091	)		—			(9,752	)		—
Net loss attributable to common stockholders	$	(8,328	)	$	(17,620	)	$	(64,242	)	$	(44,239	)
Denominator
Weighted average basic common shares		45,069,911			7,191,457			21,608,427			6,607,687
Effect of dilutive securities ⁽¹⁾		—			—			—			—
Weighted average diluted common shares		45,069,911			7,191,457			21,608,427			6,607,687
Basic loss per share	$	(0.18	)	$	(2.45	)	$	(2.97	)	$	(6.70	)
Diluted loss per share ⁽¹⁾	$	(0.18	)	$	(2.45	)	$	(2.97	)	$	(6.70	)

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

	July 31,		July 31,
	2019		2018
May 2017 Offering - Series C Warrants		964,114		964,114
July 2016 Offering - Series A Warrants		—		640,000
Outstanding options to purchase common stock		24,927		26,961
Unvested Restricted Stock Awards		28,549		97,021
Unvested Restricted Stock Units		168,553		273,479
Series C Preferred Shares to satisfy conversion requirements ⁽¹⁾		—		529,033
Series D Preferred Shares to satisfy conversion requirements ⁽²⁾		1,509		—
5% Series B Cumulative Convertible Preferred Stock		37,837		37,837
Series 1 Preferred Shares to satisfy conversion requirements		1,264		1,264
Total potentially dilutive securities		1,226,753		2,569,709

(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 July 31, 2018 of $11.7 million divided by the reduced conversion price of $22.08. All Series C Preferred Stock was converted prior to July 31, 2019.

(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 July 31, 2019 of $25.0 thousand divided by the conversion price of $16.56. 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.