Loss Per Share (Tables)

3 Months Ended

Jan. 31, 2018

Calculation of Basic and Diluted Loss Per Share

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

	Three Months Ended January 31,
	2018			2017
Numerator
Net loss	$	(4,183	)	$	(13,685	)
Series C preferred stock deemed dividends		(3,463	)		-
Series B preferred stock dividends		(800	)		(800	)
Net loss attributable to common stockholders	$	(8,446	)	$	(14,485	)
Denominator
Weighted average basic common shares		72,024,811			37,613,216
Effect of dilutive securities ⁽¹⁾		—			—
Weighted average diluted common shares		72,024,811			37,613,216
Basic loss per share	$	(0.12	)	$	(0.39	)
Diluted loss per share ⁽¹⁾	$	(0.12	)	$	(0.39	)

(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 antidilutive. As of January 31, 2018 and 2017, potentially dilutive securities excluded from the diluted loss per share calculation are as follows:

Schedule of Potentially Dilutive Securities Excluded from the Diluted Loss Per Share Calculation

As of January 31, 2018 and 2017, potentially dilutive securities excluded from the diluted loss per share calculation are as follows:

	January 31,		January 31,
	2018		2017
May 2017 Offering - Series C Warrants		11,573,364		—
May 2017 Offering - Series D Warrants		525,308		—
July 2016 Offering - Series A Warrants		7,680,000		7,680,000
July 2014 Offering - NRG Warrant		—		166,666
Outstanding options to purchase common stock		281,175		245,820
Unvested Restricted Stock Awards		1,789,581		904,041
Series C Preferred Shares to satisfy conversion requirements ⁽¹⁾		13,512,717		—
5% Series B Cumulative Convertible Preferred Stock		454,043		454,043
Series 1 Preferred Shares to satisfy conversion requirements		15,166		15,166
Total potentially dilutive securities		35,831,354		9,465,736

(1)

The number of shares of common stock issuable upon conversion of the Series C Preferred Stock was calculated using the stated value outstanding on January 31, 2018 of $24.2 million (original stated value of $33.5 million less the stated value of conversions to date through January 31, 2018 totaling $9.3 million) divided by the conversion price of $1.84. The actual number of shares issued could vary depending on the actual market price of the Company’s common shares on the date of such conversions.