Quarterly report pursuant to Section 13 or 15(d)

LOSS PER SHARE

v3.10.0.1
LOSS PER SHARE
9 Months Ended
Aug. 31, 2018
LOSS PER SHARE [Text Block]

NOTE 9 – LOSS PER SHARE

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

    Three Months Ended     Nine Months Ended  
    August 31,     August 31,  
    2018     2017     2018     2017  
    (in thousands, except per share data)  
                         
Basic:                        
Loss for the period $ 5,070   $ 3,940   $ 13,295   $ 12,557  
   Weighted average number of common shares outstanding   14,355,430     10,279,180     12,774,802     9,477,211  
   Loss per common share $ (0.35 ) $ (0.38 ) $ (1.04 ) $ (1.32 )
Diluted :                        
Loss for the period $ 5,070   $ 3,940   $ 13,295   $ 12,557  
Changes in fair value of embedded
     derivative and interest expense on 
     convertible loans
  -     238     -     137  
Loss for the period $ 5,070   $ 4,178   $ 13,295   $ 12,694  
                         
Weighted average number of shares
     used in the computation of basic and diluted
     loss per share
  14,355,430     10,279,180     12,774,802     9,477,211  
Number of dilutive shares related to convertible loans   -     106,319     -     26,042  
Weighted average number of common shares outstanding   14,355,430     10,385,499     12,774,802     9,503,253  
                         
Loss per common share $ (0.35 ) $ (0.40 ) $ (1.04 ) $ (1.34 )

Diluted loss per share does not include 7,919,874 shares underlying outstanding options and warrants and 201,557 shares upon conversion of convertible notes for the nine months ended August 31, 2018, because the effect of their inclusion in the computation would be anti-dilutive.

Diluted loss per share does not include 4,375,856 shares underlying outstanding options and warrants and 2,462,598 shares upon conversion of convertible notes for the three and nine months ended August 31, 2017, because the effect of their inclusion in the computation would be anti-dilutive.