Note 14 - Net Loss Per Share

12 Months Ended

Jul. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 1 4 : NET LOSS PER SHARE

The following table reconciles the weighted average number of shares used in the computation of basic and diluted loss per share for Fiscal

2019,

Fiscal

2018

and Fiscal

2017:

	Year Ended July 31,
	2019			2018			2017
Numerator
Net Loss for the Year	$	(17,152,789	)	$	(17,826,634	)	$	(17,971,056	)
Denominator
Basic Weighted Average Number of Shares		175,844,624			157,123,025			128,244,751
Dilutive Stock Options and Warrants		-			-			-
Diluted Weighted Average Number of Shares		175,844,624			157,123,025			128,244,751
Net Loss per Share, Basic and Diluted	$	(0.10	)	$	(0.11	)	$	(0.14	)

For Fiscal

2019,

Fiscal

2018

and Fiscal

2017,

all outstanding stock options, share purchase warrants and, in particular to Fiscal

2019,

RSUs and PRSUs, were excluded from the computation of diluted loss per share since we reported net losses for those periods and their effects would be anti-dilutive.