Quarterly report pursuant to Section 13 or 15(d)

11. EARNINGS PER SHARE

11. EARNINGS PER SHARE

6 Months Ended

Oct. 31, 2020

NOTE 11 – EARNINGS PER SHARE

Basic earnings (loss) per share is computed by dividing earnings (loss) available to common stockholders by the weighted average number of shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares and potentially dilutive shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would be outstanding if the potentially dilutive securities had been issued. Potential shares of common stock outstanding principally include stock options and warrants. During the six months ended October 31, 2020 and 2019, the Company incurred losses. Accordingly, the effect of any common stock equivalent would be anti-dilutive during those periods and are not included in the calculation of diluted weighted average number of shares outstanding.

The table below sets forth the basic loss per share calculations:

	Three Months Ended October 31,
	2020			2019
Net loss	$	(950,192	)	$	(1,067,122	)
Basic weighted average number of shares outstanding		2,309,218,013			1,325,086,933
Diluted weighted average number of shares outstanding		2,309,218,013			1,325,086,933
Basic and diluted loss per share	$	(0.00	)	$	(0.00	)

	Six Months Ended October 31,
	2020			2019
Net loss	$	(1,834,136	)	$	(2,201,197	)
Basic weighted average number of shares outstanding		1,993,895,090			1,267,696,383
Diluted weighted average number of shares outstanding		1,993,895,090			1,267,696,383
Basic and diluted loss per share	$	(0.00	)	$	(0.00	)

The table below sets forth these potentially dilutive securities:

	Six Months Ended October 31,
	2020		2019
Excluded options		69,200,000		85,650,000
Excluded warrants		82,256,821		48,056,822
Total excluded options and warrants		151,456,821		133,706,822