Note 8 - Net Income (Loss) Per Share

6 Months Ended

Apr. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

(8) Net Income (Loss) Per Share

Basic net income (loss) per share excludes dilution and is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the net income (loss) of the Company.

The following is a reconciliation of the numerators and denominators of the net income (loss) per share computations for the periods presented:

	Three months ended April 30,					Six months ended April 30,
	2014			2013		2014			2013
Net income (loss) attributable to OCC (numerator)	$	(143,277	)	$	42,485	$	(555,413	)	$	172,305
Shares (denominator)		6,036,591			6,218,829		6,039,381			6,264,876
Basic and diluted net income (loss) per share	$	(0.02	)	$	0.01	$	(0.09	)	$	0.03

Weighted-average unvested shares as of April 30, 2014 totaling 654,048 and 586,354, respectively, were not included in the computation of basic and diluted net loss per share for the three months and six months ended April 30, 2014 (because to include such shares would have been antidilutive, or in other words, to do so would have reduced the net loss per share for those periods).