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Loss Per Share
 12 Months Ended
Jul. 31, 2022
Loss Per Share [Line Items]  
LOSS PER SHARE

NOTE 11 – LOSS PER SHARE

 

Basic net loss per share is computed by dividing net loss attributable to all classes of common stockholders of the Company by the weighted average number of shares of all classes of common stock outstanding during the applicable period. Diluted loss per share includes potentially dilutive securities such as stock options, unvested restricted stock, warrants to purchase common stock, and other convertible instruments unless the result of inclusion would be anti-dilutive. The securities set forth below have been excluded from the calculation of diluted net loss per share for the years ended July 31, 2022 and 2021 because inclusion of all such securities would have been anti-dilutive for all periods presented.

 

The following table summarizes the Company’s potentially dilutive securities, in common share equivalents, which have been excluded from the calculation of dilutive loss per share as their effect would be anti-dilutive:

 

   July 31, 
   2022   2021 
Shares issuable upon exercise of stock options   1,021,277    683,414 
Shares issuable upon vesting of restricted stock   1,507,373    1,007,975 
Shares issuable upon exercise of warrants to purchase Class B common stock   
—
    26,189 
    2,528,650    1,717,578 

 

The diluted loss per share computation equals basic loss per share for the years ended July 31, 2022 and 2021 because the Company had a net loss in all such periods and the impact of the assumed exercise of non-vested restricted shares, stock options, and warrants would have been anti-dilutive.