Note 14 - Loss Per Share

6 Months Ended

Jan. 31, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

14:

         

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 January 31,						Six Months Ended January 31,
	2021			2020			2021			2020
Numerator
Net Loss for the Period	$	(3,461,059	)	$	(1,888,661	)	$	(8,424,596	)	$	(6,931,238	)
Denominator
Basic Weighted Average Number of Shares		198,673,515			182,802,747			194,314,507			182,021,725
Dilutive Stock Options, RSUs, PRSUs and Warrants		-			-			-			-
Diluted Weighted Average Number of Shares		198,673,515			182,802,747			194,314,507			182,021,725
Net Loss per Share, Basic and Diluted	$	(0.02	)	$	(0.01	)	$	(0.04	)	$	(0.04	)

For the

three

and

six

months ended

January 31, 2021

and

2020,

all outstanding stock options, RSUs, PRSUs and share purchase warrants were excluded from the calculation of the diluted loss per share since their effects would be anti-dilutive.