(Loss) Earnings Per Share

12 Months Ended

Oct. 31, 2015

Note 13. (Loss) Earnings Per Share

(Loss) earnings per share (EPS) were computed as follows for the periods indicated:

	(Loss) Income			Weighted Average Shares		Per Share Amount
Year Ended October 31, 2015
Net loss from operations	$	(1,191,341	)		11,300,000	$	(0.11	)
Net income from discontinued operations		-			11,300,000		-
Net loss		(1,191,341	)

Basic loss per share:
Net loss available to common shareholders, total		(1,191,341	)		11,300,000		(0.11	)
Effect of dilutive securities stock options/warrants					-

Diluted loss per share:
Net loss available to common shareholders and assumed conversions	$	(1,191,341	)		11,300,000	$	(0.11	)


Year Ended October 31, 2014
Net loss from operations	$	(1,131,634	)		11,300,000	$	(0.10	)
Net income from discontinued operations		-			11,300,000
Net loss		(1,131,634	)

Basic loss per share:
Net loss available to common shareholders, total		(1,131,634	)		11,300,000		(0.10	)
Effect of dilutive securities stock options/warrants					-

Diluted earnings per share:
Net loss available to common shareholders and assumed conversions	$	(1,131,634	)		11,300,000	$	(0.10	)


Year Ended October 31, 2013
Net income from continuing operations	$	5,631,452			11,300,000	$	0.50
Net income from discontinued operations		82,942			11,300,000		0.01
Net income		5,714,394

Basic income per share:
Net income available to common shareholders, total		5,714,394			11,300,000		0.51
Effect of dilutive securities stock options					4,814,000

Diluted income per share:
Net income available to common shareholders and assumed conversions	$	5,714,394			16,114,000	$	0.36