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Note 3a - Summary of Significant Accounting Policies: Loss Per Share (Policies)
12 Months Ended
Jul. 31, 2014
Policies  
Loss Per Share

Loss Per Share

 

Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding for the periods presented. Diluted loss per share is computed by dividing net loss by the weighted average common shares and potentially dilutive common share equivalents. The effects of potential common stock equivalents are not included in computations when their effect is anti-dilutive.

 

Because of the net losses for all periods presented, the basic and diluted weighted average shares outstanding are the same since including the additional shares would have an anti-dilutive effect on the loss per share calculations. Common stock warrants to purchase 15,907,500 and 14,440,500 shares of common stock for the years ended July 31, 2014 and 2013, respectively, were not included in the computation of diluted weighted average common shares outstanding.