Note 8 - Net Income (Loss) Per Share

9 Months Ended

Jul. 31, 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 July 31,					Nine months ended July 31,
	2014		2013			2014			2013
Net income (loss) attributable to OCC (numerator)	$	292,484	$	(124,611	)	$	(262,929	)	$	47,694
Shares (denominator)		6,933,676		5,779,230			6,082,314			6,312,700
Basic and diluted net income (loss) per share	$	0.04	$	(0.02	)	$	(0.04	)	$	0.01

Weighted-average unvested shares as of July 31, 2014 totaling 647,196 were not included in the computation of basic and diluted net loss per share for the nine months ended July 31, 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 that period).

Weighted-average unvested shares as of July 31, 2013 totaling 627,558 were not included in the computation of basic and diluted net loss per share for the three months ended July 31, 2013 (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 that period).