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Loss Per Share

3 Months Ended

Oct. 31, 2023

Loss Per Share [Abstract]

NOTE 14 – LOSS PER SHARE

Basic 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 in the table below have been excluded from the calculation of diluted net loss per share for the three months ended October 31, 2023 and 2022 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 which have been excluded from the calculation of dilutive loss per share as their effect would be anti-dilutive:

		Three Months Ended October 31,
		2023				2022
Shares issuable upon exercise of stock options			388,409				1,021,277
Shares issuable upon vesting of restricted stock			855,173				1,461,934
			1,243,582				2,483,211

The diluted loss per share computation equals basic loss per share for the three months ended October 31, 2023 and 2022 because the Company had a net loss from continuing operations in all such periods and the impact of the assumed vesting of restricted shares, and exercise of stock options, and warrants would have been anti-dilutive.

The following table summarizes the basic and diluted loss per share calculations (in thousands, except for share and per share amounts):

		Three Months Ended October 31,
		2023				2022
Numerator:
Net loss from continuing operations		$	(3,760	)		$	(5,207	)
Net loss attributable to noncontrolling interests			(122	)			(99	)
Numerator for net loss from continuing operations			(3,638	)			(5,108	)

Numerator for discontinued operations			—				6,700
Net loss attributable to Rafael Holdings, Inc.		$	(3,638	)		$	1,592

Denominator:
Weighted average basic and diluted shares outstanding			23,644,647				23,015,443

Loss per share attributable to common stockholders
Basic and diluted:
Continuing operations		$	(0.15	)		$	(0.22	)
Discontinued operations			—				0.29
Total basic and diluted loss per share		$	(0.15	)		$	0.07