Quarterly report pursuant to Section 13 or 15(d)

LOSS PER SHARE

v3.7.0.1
LOSS PER SHARE
6 Months Ended
May 31, 2017
LOSS PER SHARE [Text Block]

NOTE 8 – LOSS PER SHARE

The following table sets forth the calculation of basic and diluted loss per share for the period indicated:

    Three Months Ended     Six Months Ended  
    May 31,     May 31,  
    2017     2016     2017     2016  
    (in thousands, except per share data)  
                         
Basic:                        
Loss for the period $ 559   $ 3,892   $ 9,558   $ 3,667  
Weighted average number of common shares outstanding   114,820,844     107,583,871     110,652,320     106,693,858  
   Loss per common share $ 0.005   $ 0.04   $ 0.09   $ 0.03  
Diluted :                        
Loss for the period $ 559   $ 3,892   $ 9,558   $ 3,667  
Changes in fair value of embedded derivative and interest expense on convertible bonds                     92  
Loss for the period   559     3,892   $ 9,558     3,759  
                         
Weighted average number of shares used in the computation of basic and diluted loss per share   114,820,844     107,583,871     110,652,320     106,693,858  
Loss per common share   0.005     0.04     0.09     0.04  

            Diluted loss per share does not include 50,393,832 shares underlying outstanding options and warrants and 12,517,870 shares upon conversion of convertible notes for the three and six months ended May 31, 2017, because the effect of their inclusion in the computation would be anti-dilutive.

            Diluted loss per share does not include 16,954,564 shares underlying outstanding options, 19,769,959 shares issuable upon exercise of warrants, 1,150,000 shares due to service providers and 4,793,603 shares upon conversion of convertible notes for the three and six months ended May 31, 2016, because the effect of their inclusion in the computation would be anti-dilutive.