Loss Per Share (Tables)

6 Months Ended

Apr. 30, 2020

Calculation of Basic and Diluted Loss Per Share

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

	Three Months Ended April 30,						Six Months Ended April 30,
	2020			2019			2020			2019
Numerator
Net loss	$	(14,769	)	$	(19,530	)	$	(54,920	)	$	(37,078	)
Series A warrant exchange		—			(3,169	)		—			(3,169	)
Series B preferred stock dividends		(800	)		(800	)		(1,731	)		(1,600	)
Series C preferred stock deemed contributions (dividends) and redemption value adjustment, net		—			1,599			—			(7,406	)
Series D Preferred stock deemed dividends and redemption accretion		—			(976	)		—			(6,661	)
Net loss attributable to common stockholders	$	(15,569	)	$	(22,876	)	$	(56,651	)	$	(55,914	)
Denominator
Weighted average basic common shares		211,000,091			11,090,698			206,560,031			9,683,253
Effect of dilutive securities ⁽¹⁾		—			—			—			—
Weighted average diluted common shares		211,000,091			11,090,698			206,560,031			9,683,253
Basic loss per share	$	(0.07	)	$	(2.06	)	$	(0.27	)	$	(5.77	)
Diluted loss per share ⁽¹⁾	$	(0.07	)	$	(2.06	)	$	(0.27	)	$	(5.77	)

(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 anti-dilutive. As of April 30, 2020 and 2019, 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 April 30, 2020 and 2019, potentially dilutive securities excluded from the diluted loss per share calculation are as follows:

	April 30,		April 30,
	2020		2019
Orion Warrants		8,000,000		—
May 2017 Offering - Series C Warrants		964,114		964,114
Outstanding options to purchase common stock		23,891		24,945
Unvested Restricted Stock Awards		2,091		32,659
Unvested Restricted Stock Units		63,267		212,034
Series C Preferred Shares to satisfy conversion requirements ⁽¹⁾		—		313,589
Series D Preferred Shares to satisfy conversion requirements ⁽²⁾		—		1,114,890
5% Series B Cumulative Convertible Preferred Stock		37,837		37,837
Series 1 Preferred Shares to satisfy conversion requirements		—		1,264
Total potentially dilutive securities		9,091,200		2,701,332

(1)	The number of shares of common stock issuable upon conversion of the Series C Convertible Preferred Stock was calculated using the liquidation preference value outstanding on April 30, 2019 of $1.6 million divided by the reduced conversion price of $5.16 per share.

(2)	The number of shares of common stock issuable upon conversion of the Series D Convertible Preferred Stock was calculated using the liquidation preference value outstanding on April 30, 2019 of $18.5 million divided by the conversion price of $16.56 per share.