Note 13 - Loss Per Share

9 Months Ended

Apr. 30, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

13

:     

LOSS PER SHARE

The following table reconciles the weighted average number of shares used in the calculation of the basic and diluted loss per share:

	Three Months Ended April 30,						Nine Months Ended April 30,
	2019			2018			2019			2018
Numerator
Net Loss for the Period	$	(5,017,557	)	$	(4,146,646	)	$	(10,818,657	)	$	(13,056,299	)
Denominator
Basic Weighted Average Number of Shares		179,348,614			157,704,601			174,213,254			155,996,660
Dilutive Stock Options and Warrants		-			-			-			-
Diluted Weighted Average Number of Shares		179,348,614			157,704,601			174,213,254			155,996,660
Net Loss per Share, Basic and Diluted	$	(0.03	)	$	(0.03	)	$	(0.06	)	$	(0.08	)

For the

three

and

nine

months ended

April 30, 2019

and

2018,

all outstanding stock options and share purchase warrants were excluded from the calculation of the diluted loss per share since we reported net losses for those periods and their effects would be anti-dilutive.