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Loss Per Share
 6 Months Ended
Jan. 31, 2022
Earnings Per Share [Abstract]  
LOSS PER SHARE

NOTE 10 – 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. These securities have been excluded from the calculation of diluted net loss per share for the three and six months ended January 31, 2022 and 2021 because all such securities are 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:

 

   Three Months Ended
January 31,		   Six Months Ended
January 31,		 
   2022   2021   2022   2021 
Shares issuable upon exercise of stock options   1,026,777    570,801    1,026,777    570,801 
Shares issuable upon vesting of restricted stock   79,600    135,641    79,600    135,641 
Shares issuable upon exercise of warrants to purchase Class B common stock   26,189    
—
    26,189    
—
 
    1,132,566    706,442    1,132,566    706,442 

 

The diluted loss per share computation equals basic loss per share for the three and six months ended January 31, 2022 and 2021 because the Company had a net loss and the impact of the assumed exercise of non-vested restricted shares, stock options, and warrants would have been anti-dilutive.