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Note 9 - Net Loss Per Share
 6 Months Ended
Apr. 30, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]

(9)

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,

  
   

2020

    

2019

    

2020

    

2019

  

Net loss (numerator)

   $ (1,689,181 )   $ (617,425 )   $ (4,281,069 )   $ (3,927,445 )

Shares (denominator)

     7,350,427       7,317,516       7,351,897       7,449,864  

Basic and diluted net loss per share

   $ (0.23 )   $ (0.08 )   $ (0.58 )   $ (0.53 )

 

Weighted average unvested shares for the three months and six months ended April 30, 2020 totaling 105,645, 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, 2020 (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, 2019 totaling 125,893 and 121,039, 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, 2020 (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).