Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

Net Loss Per Share
6 Months Ended
Jan. 31, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share

Note 8—Net Loss Per Share


The Company computes basic net loss per share using the weighted average number of common shares outstanding during the period. Diluted net income per share is based upon the weighted average number of common shares and potentially dilutive securities (common share equivalents) outstanding during the period. Common share equivalents outstanding, determined using the treasury stock method, are comprised of shares that may be issued under the Company’s stock option agreements and warrants. Common share equivalents are excluded from the diluted net loss per share calculation if their effect is anti-dilutive.


The following potentially dilutive outstanding securities were excluded from diluted net loss per common share because of their anti-dilutive effect:


    January 31, 2017     January 31, 2016  
Stock Options     2,590,543       2,970,224  
Warrants     11,286,995       3,073,675  
Total     13,877,538       6,043,899