2. Basis of Presentation and Significant Accounting Policies: Net Loss Per Share Information (Policies)

6 Months Ended

Apr. 30, 2019

Policies

Net Loss Per Share Information

Net Loss per Share Information

Basic net loss per share is computed based on the weighted average number of shares outstanding. Diluted earnings per share is computed similarly to basic earnings per share, except that it reflects the effect of common shares issuable upon exercise of stock options, using the treasury stock method in periods in which they have a dilutive effect.

On February 26, 2019, the Board of Directors of the Company (the “Board”), subject to shareholder approval, unanimously adopted the 2019 Stock Incentive Plan (the “Plan”), to replace the Company’s 2009 Stock Incentive Plan, as amended (the “2009 Plan”), which expired February 24, 2019. The Company’s shareholders approved the Plan on April 9, 2019, and the Plan became effective upon the date of its adoption by the Board. The Plan allows for a cashless exercise. Shares used to calculate net loss per share are as follows:   

	For the three months ended		For the six months ended
	April 30,		April 30,
	2019	2018	2019	2018
Basic Weighted average shares outstanding	7,696,091	7,696,091	7,696,091	7,696,091
Effect of dilutive stock options	-	-	-	-
Diluted weighted average shares outstanding	7,696,091	7,696,091	7,696,091	7,696,091
Weighted average shares which are not included in the calculation of diluted net income per share because their impact is anti-dilutive. These shares consist of stock options.	1,734,500	1,606,500	1,734,500	1,606,500