Company: ANIX
Filing Date: 2025-09-10
Form Type: 10-Q
Source: 0001493152-25-013000
Chunk: 25

Company: Anixa Biosciences Inc
Filing Date: 2025-09-10
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 net loss per common share (“Diluted EPS”) is computed by dividing net loss by the weighted average number
of common shares and dilutive common share equivalents and convertible securities then outstanding. Diluted EPS for all periods presented
is the same as Basic EPS, as the inclusion of the effect of common share equivalents then outstanding would be anti-dilutive. For this
reason, excluded from the calculation of Diluted EPS for the nine months ended July 31, 2025 and 2024, were stock options to purchase
13,462,377 shares and 12,342,094 shares, respectively, and warrants to purchase 300,000 shares and 300,000 shares, respectively.

7.
EFFECT OF RECENTLY ADOPTED AND ISSUED PRONOUNCEMENTS

In
November 2023, the FASB issued Accounting Standards Update 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment
Disclosures, to provide more disaggregated expense information about a public entity’s reportable segments. The amendments in this
update should be applied retrospectively and are effective for fiscal years beginning after December 15, 2023, and interim periods beginning
after December 15, 2024. We are currently evaluating the impact of this guidance on our consolidated financial statements and related
disclosures.

In
December 2023, the FASB issued Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures,
to require disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income
taxes paid. The amendments in this update should be applied prospectively, with an option to apply them retrospectively, and are effective
for fiscal years beginning after December 15, 2024 for public entities. We are currently evaluating the impact of this guidance on our
consolidated financial statements and related disclosures.

    14

In
March 2024, the FASB issued Accounting Standards Update 2024-03, Income Statement—Reporting Comprehensive Income—Expense
Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, to improve the disclosures about a public
business entity’s expenses and to provide more detailed information about the types of expenses in commonly presented expense captions.
The amendments in this update should be applied either prospectively or retrospectively, and are effective for fiscal years beginning
after December 15,