Loss Per Share

3 Months Ended

Jan. 31, 2020

Note 14. Loss Per Share

The calculation of basic and diluted loss per share was as follows:

	Three Months Ended January 31,
	2020			2019
Numerator
Net loss	$	(40,151	)	$	(17,548	)
Series B preferred stock dividends		(931	)		(800	)
Series C preferred stock deemed dividends and redemption value adjustment		—			(9,005	)
Series D Preferred stock deemed dividends and redemption accretion		—			(5,685	)
Net loss attributable to common stockholders	$	(41,082	)	$	(33,038	)
Denominator
Weighted average basic common shares		202,216,493			8,321,702
Effect of dilutive securities ⁽¹⁾		—			—
Weighted average diluted common shares		202,216,493			8,321,702
Basic loss per share	$	(0.20	)	$	(3.97	)
Diluted loss per share ⁽¹⁾	$	(0.20	)	$	(3.97	)

(1)

Due to the net loss to common stockholders in each of the periods presented above, diluted loss per share was computed without consideration to potentially dilutive instruments as their inclusion would have been anti-dilutive. As of January 31, 2020 and 2019, potentially dilutive securities excluded from the diluted loss per share calculation are as follows:

	January 31,		January 31,
	2020		2019
Orion Warrants		8,000,000		—
May 2017 Offering - Series C Warrants		964,114		964,114
July 2016 Offering - Series A Warrants		—		640,000
Outstanding options to purchase common stock		24,927		26,957
Unvested Restricted Stock Awards		24,009		91,716
Unvested Restricted Stock Units		176,561		283,410
Series C Preferred Shares to satisfy conversion requirements ⁽¹⁾		—		1,434,331
Series D Preferred Shares to satisfy conversion requirements ⁽²⁾		—		1,535,414
5% Series B Cumulative Convertible Preferred Stock		37,837		37,837
Series 1 Preferred Shares to satisfy conversion requirements		—		1,264
Total potentially dilutive securities		9,227,448		5,015,043

(1)	The number of shares of common stock issuable upon conversion of the Series C Convertible Preferred Stock was calculated using the liquidation preference value outstanding on January 31, 2019 of $7.5 million divided by the reduced conversion price of $5.16 per share.

(2)	The number of shares of common stock issuable upon conversion of the Series D Convertible Preferred Stock was calculated using the liquidation preference value outstanding on January 31, 2019 of $25.4 million divided by the conversion price of $16.56 per share.