Loss Per Share

6 Months Ended

Jan. 31, 2020

Earnings Per Share [Abstract]

LOSS PER SHARE

NOTE 8 — LOSS PER SHARE

Basic net loss per share is computed by dividing net loss attributable to all classes of common stockholders of the Company by the weighted average number of shares of all classes of common stock outstanding during the applicable period. Diluted loss per share includes potentially dilutive securities such as stock options and other convertible instruments.

The following table summarizes the Company's potentially dilutive securities which have been excluded from the calculation of dilutive loss per share as their effect would be anti-dilutive:

	January 31, 2020		July 31, 2019
	(unaudited)
Stock Options		586,874		587,133
Convertible Note		—		1,847,594
Total		586,874		2,434,727

In the three and six months ended January 31, 2020 and 2019, the diluted loss per share computation equals basic loss per share because the Company had a net loss and the impact of the assumed exercise of stock options and conversion of the convertible note would have been anti-dilutive.