Schedule of weighted average dilutive common shares |
|
|
For
the Three and Nine Months Ended
May
31, 2019
|
|
|
For
the Three and Nine Months Ended
May
31,
2018
|
|
|
|
|
|
|
Options |
|
|
1,951,650 |
|
|
|
1,343,745 |
|
Senior
Secured Convertible Notes (Note 4) |
|
|
12,332,447 |
|
|
|
- |
|
Warrants |
|
|
4,296,361 |
|
|
|
2,570,413 |
|
Total
potentially dilutive shares |
|
|
18,580,458 |
|
|
|
3,914,158 |
|
|
Schedule of earning per common share |
The
table below shows earnings per common share and diluted earnings per common share and reconciles the numerator and denominator
of both earnings per common share calculations.
|
|
For
the Three Months
Ended
May 31,
|
|
|
For
the Nine Months
Ended May 31, |
|
|
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
|
|
|
|
|
|
|
|
|
Diluted
Earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss allocated to common shareholders |
|
$ |
(4,996,022 |
) |
|
$ |
(1,817,319 |
) |
|
$ |
(9,382,889 |
) |
|
$ |
(7,877,419 |
) |
Less:
mark to market gain |
|
|
(1,730,579 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss allocated to common shareholders |
|
$ |
(6,726,601 |
) |
|
$ |
(1,817,319 |
) |
|
$ |
(9,382,889 |
) |
|
$ |
(7,877,419 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
average shares outstanding |
|
|
34,516,621 |
|
|
|
28,800,675 |
|
|
|
31,623,064 |
|
|
|
28,795,145 |
|
Incremental
shares from convertible notes with “down round” provision |
|
|
10,000,000 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Diluted
weighted average shares outstanding |
|
|
44,516,621 |
|
|
|
28,800,675 |
|
|
|
31,623,064 |
|
|
|
28,795,145 |
|
Diluted
net loss per common share |
|
$ |
(0.15 |
) |
|
$ |
0.06 |
|
|
$ |
(0.30 |
) |
|
$ |
(0.27 |
) |
|