Quarterly report pursuant to Section 13 or 15(d)

11. EARNINGS PER SHARE

11. EARNINGS PER SHARE

9 Months Ended

Jan. 31, 2021

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 nine months ended January 31, 2021 and 2020, 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 January 31,
	2021			2020
Net loss	$	(757,096	)	$	(875,308	)
Basic weighted average number of shares outstanding		2,337,034,318			1,375,499,976
Diluted weighted average number of shares outstanding		2,337,034,318			1,375,499,976
Basic and diluted loss per share	$	(0.00	)	$	(0.00	)

	Nine Months Ended January 31,
	2021			2020
Net loss	$	(2,591,232	)	$	(3,076,505	)
Basic weighted average number of shares outstanding		2,108,274,833			1,284,500,731
Diluted weighted average number of shares outstanding		2,108,274,833			1,284,500,731
Basic and diluted loss per share	$	(0.00	)	$	(0.00	)

The table below sets forth these potentially dilutive securities:

	Nine Months Ended January 31,
	2021		2020
Excluded options		62,600,000		94,650,000
Excluded warrants		65,256,821		48,056,822
Total excluded options and warrants		127,856,821		142,706,822