Note 13 - Loss Per Share

3 Months Ended

Oct. 31, 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 October 31,
	2019			2018
Numerator
Net Loss for the Period	$	(5,042,577	)	$	(3,451,426	)
Denominator
Basic Weighted Average Number of Shares		181,240,702			166,397,293
Dilutive Stock Options, Warrants, RSUs and PRSUs		-			-
Diluted Weighted Average Number of Shares		181,240,702			166,397,293
Net Loss per Share, Basic and Diluted	$	(0.03	)	$	(0.02	)

For the

three

months ended

October 31, 2019

and

2018,

all outstanding stock options, RSUs, PRSUs 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.