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

9 Months Ended

Jul. 31, 2021

Policies

Net Loss Per Share Information

Net Loss per Share Information

Basic net income/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. The Company’s 2009 Stock Incentive Plan, which expired on February 24, 2019, and 2019 Stock Incentive Plan allow for a cashless exercise. Shares used to calculate net loss per share are as follows:

	For the three months ended		For the nine months ended
	July 31,		July 31,
	2021	2020	2021	2020
Basic Weighted average shares outstanding	7,712,091	7,712,091	7,712,091	7,710,047
Effect of dilutive stock options	-	-	36,360	-
Diluted weighted average shares outstanding	7,712,091	7,712,091	7,748,451	7,710,047
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.	1,472,500	1,829,500	1,277,500	1,829,500