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Note 6 - Loss Per Share
 3 Months Ended
Jan. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 6 – Loss per share

 

Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding increased by the effects of assuming that other potentially dilutive securities (such as stock options) outstanding during the period had been exercised and the treasury stock method had been applied. During the three months ended January 31, 2025, we reported a net loss, and in periods with a net loss, the basic loss per share equals the diluted loss per share, as all common stock equivalents are excluded from the per share calculation due to their anti-dilutive effect. Potentially issuable securities that are out-of-the-money totaled 345,556 and 1,068,022 shares for the three months ended January 31, 2025 and 2024, respectively, and were excluded from the calculation of diluted per share amounts because of their anti-dilutive effect.

 

The following table summarizes the computation of basic and diluted weighted average shares outstanding:

 

   

Three Months Ended January 31,

  
   

2025

    

2024

  
                 

Weighted average shares outstanding for basic earnings per share

     10,560,922       10,410,580  
                 

Add effects of potentially dilutive securities-assumed exercise of stock options

     -       -  
                 

Weighted average shares outstanding for diluted earnings per share

     10,560,922       10,410,580