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Note 8 - Net Loss Per Share
6 Months Ended
Apr. 30, 2017
Notes to Financial Statements  
Earnings Per Share [Text Block]
(
8
)
Net Loss Per Share
 
Basic net loss per share excludes dilution and is computed by dividing net loss available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the net loss of the Company.
 
The following is a reconciliation of the numerators and denominators of the net loss per share computations for the periods presented:
 
 
 
Three months ended
 
 
Six months ended
 
 
 
April 30,
 
 
April 30,
 
 
 
2017
 
 
2016
 
 
2017
 
 
2016
 
Net loss attributable to OCC (numerator)
  $
(239,082
)   $
(983,122
)   $
(854,849
)   $
(2,728,143
)
                                 
Shares (denominator)
   
6,488,328
     
6,357,067
     
6,520,582
     
6,346,871
 
                                 
Basic and diluted net loss per share
  $
(0.04
)   $
(0.15
)   $
(0.13
)   $
(0.43
)
 
 
Weighted average unvested shares for the
three
months and
six
months ended
April 30, 2017
totaling
882,637
and
717,816,
respectively, while issued and outstanding, were
not
included in the computation of basic and diluted net loss per share for the
three
months and
six
months ended
April 30, 2017 (
because to include such shares would have been antidilutive, or in other words, to do so would have reduced the net loss per share for those periods).
 
Weighted average unvested shares for the
three
months and
six
months ended
April 30, 2016
totaling
722,650
,
while issued and outstanding, were
not
included in the computation of basic and diluted net loss per share for the
three
months and
six
months ended
April 30, 2016 (
because to include such shares would have been antidilutive, or in other words, to do so would have reduced the net loss per share for those periods).