Note 9 - Net Loss Per Share

3 Months Ended

Jan. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

(9) 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.

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,
	2020			2019
Net loss (numerator)	$	(2,591,888	)	$	(3,310,020	)
Shares (denominator)		7,322,195			7,536,561
Basic and diluted net loss per share	$	(0.35	)	$	(0.44	)

Weighted average unvested shares for the three months ended January 31, 2020 and 2019 totaling 136,786 and 157,678, 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, 2020 and 2019 (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).