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Note 9 - Net Loss Per Share
 3 Months Ended
Jan. 31, 2021
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

 
  

January 31,

 
  

2021

  

2020

 

Net loss (numerator)

 $(2,141,480) $(2,591,888)

Shares (denominator)

  7,352,781   7,322,195 

Basic and diluted net loss per share

 $(0.29) $(0.35)

 

Weighted average unvested shares for the three months ended January 31, 2021 and 2020 totaling 183,346 and 136,786, respectively, while issued and outstanding, were not included in the computation of basic and diluted net loss per share for the three months ended January 31, 2021 and 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).