NOTE 20:

NET LOSS PER SHARE

 

The following table reconciles the weighted average number of shares used in the computation of basic and diluted loss per share for Fiscal 2025, Fiscal 2024 and Fiscal 2023:

 

  

Year Ended July 31,

 

Numerator

 

2025

  

2024

  

2023

 

Net loss for the Year

 $(87,656) $(29,221) $(3,307)
             

Denominator

            

Basic weighted average number of shares

  427,680,193   397,309,780   364,789,621 

Dilutive effect of stock awards and warrants

  -   -   - 

Diluted weighted average number of shares

  427,680,193   397,309,780   364,789,621 
             

Net loss per share - Basic

 $(0.20) $(0.07) $(0.01)

Net loss per share - Diluted

 $(0.20) $(0.07) $(0.01)

 

Historical Timeline

Fiscal YearFiled
2025Sep 24, 2025Showing above
2024Sep 27, 2024
2023Sep 29, 2023
2020Oct 29, 2020

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.