Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

Net Loss Per Share
9 Months Ended
Apr. 30, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share

Note 8—Net Loss Per Share


Basic net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding for the period. Diluted loss per share is computed similarly to basic loss per share except that the denominator is increased to include the number of additional shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.


For all periods presented, potentially dilutive securities are excluded from the computation of fully diluted loss per share as their effect is anti-dilutive. The following table details those securities that have been excluded from the computation of potentially dilutive securities:


    April 30, 2017     April 30, 2016  
Outstanding Stock Options     3,731,311       3,486,621  
Outstanding Restricted Stock Units     1,115,000       680,000  
Outstanding Warrants     9,494,740       3,000,875  
Total     14,341,051       7,167,496  


Amounts in the table above reflect the common stock equivalents of the noted instruments.