Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.8.0.1
Net Loss Per Share
3 Months Ended
Oct. 31, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share

Note 8—Net Loss Per Share

 

The Company computes basic net loss per common share by dividing the applicable net loss by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing the applicable net loss by the weighted-average number of common shares outstanding during the period plus additional shares to account for the dilutive effect of potential future issuances of common stock relating to stock options and other potentially dilutive securities using the treasury stock method. There was a net loss per share of $0.26 and $0.29 for the three months ended October 31, 2017 and 2016, respectively. The weighted average shares used in computing basic and diluted net loss per common share for the three months ended October 31, 2017 and 2016 were 22,318,117 and 19,020,982, respectively. There were no dividends declared.

 

The Company did not include shares underlying stock options, restricted stock units and warrants issued and outstanding during any of the periods presented in the computation of net loss per share, as the effect would have been anti-dilutive. The following potentially dilutive outstanding securities were excluded from diluted net loss per share because of their anti-dilutive effect:

 

    October 31, 2017     October 31, 2016  
Stock options     3,947,709       3,840,860  
Restricted stock units     1,100,000       655,000  
Warrants     12,526,340       11,478,693  
Total     17,574,049       15,974,553