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

3 Months Ended

Jan. 31, 2022

Policies

Net Loss Per Share Information

Net (Loss)/Income per Share Information

Basic net (loss)/income per share is computed based on the weighted average number of shares outstanding. Diluted (loss)/earnings per share is computed similarly to basic (loss)/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)/income per share are as follows:

	For the three months ended
	January 31,
	2022	2021
Basic Weighted average shares outstanding	7,712,091	7,712,091
Effect of dilutive stock options	-	-
Diluted weighted average shares outstanding	7,712,091	7,712,091
Weighted average shares which are not included in the calculation of diluted net loss per share because their impact is anti-dilutive.  These shares consist of stock options.	1,470,000	1,532,500