Note 8 - Net Loss Per Share

3 Months Ended

Jan. 31, 2017

(8)	Net Loss Per Share

Basic net loss per share excludes dilution and is computed by dividing net loss available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net 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 loss of the Company.

OPTICAL CABLE CORPORATION

Condensed Notes to Condensed Consolidated Financial Statements

Three Months Ended

January

31,

2017

(Unaudited)

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

	Three months ended January 31,
	2017			2016
Net loss attributable to OCC (numerator)	$	(615,767	)	$	(1,745,021	)

Shares (denominator)		6,486,739			6,260,676

Basic and diluted net loss per share	$	(0.09	)	$	(0.28	)

Weighted average unvested shares for the

three

months ended

January

31,

2017

and

2016

totaling

623,415

and

798,872,

respectively, while issued and outstanding, were not included in the computation of basic and diluted net loss per share for the

three

months ended

January

31,

2017

and

2016

(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).