Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

EARNINGS PER SHARE

6 Months Ended

Oct. 31, 2022

NOTE 10 – EARNINGS PER SHARE

Basic earnings (loss) per share is computed by dividing earnings available to common stockholders by the weighted average number of shares outstanding during the period. Diluted earnings per share is computed by dividing net income 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 three and six months ended October 31, 2022, and 2021, 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:

Earnings per share calculations
	Three Months Ended October 31,
	2022			2021
Net loss	$	(1,880,507	)	$	(979,746	)
Basic weighted average number of shares outstanding		20,585,451			17,357,830
Diluted weighted average number of shares outstanding		20,585,451			17,357,830
Basic loss per share	$	(0.09	)	$	(0.06	)
Diluted loss per share	$	(0.09	)	$	(0.06	)


	Six Months Ended October 31,
	2022			2021
Net loss	$	(3,425,519	)	$	(2,005,164	)
Basic weighted average number of shares outstanding		20,742,383			9,474,568
Diluted weighted average number of shares outstanding		20,742,383			9,474,568
Basic loss per share	$	(0.17	)	$	(0.21	)
Diluted loss per share	$	(0.17	)	$	(0.21	)

The table below sets forth these potentially dilutive securities:


	Six Months Ended October 31,
	2022		2021
Excluded options		37,936		42,667
Excluded warrants		9,890,847		9,823,828
Total excluded options and warrants		9,928,783		9,866,495