Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

EARNINGS PER SHARE

9 Months Ended

Jan. 31, 2023

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 nine months ended January 31, 2023, and 2022, 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 tables below set forth the basic loss per share calculations:

Earnings per share calculations
	Three Months Ended January 31,
	2023			2022
Net loss	$	(764,136	)	$	(811,290	)
Basic weighted average number of shares outstanding		18,995,442			21,667,239
Diluted weighted average number of shares outstanding		18,995,442			21,667,239
Basic loss per share	$	(0.04	)	$	(0.04	)
Diluted loss per share	$	(0.04	)	$	(0.04	)


	Nine Months Ended January 31,
	2023			2022
Net loss	$	(4,189,655	)	$	(2,816,454	)
Basic weighted average number of shares outstanding		20,051,617			13,538,792
Diluted weighted average number of shares outstanding		20,051,617			13,538,792
Basic loss per share	$	(0.21	)	$	(0.21	)
Diluted loss per share	$	(0.21	)	$	(0.21	)

The table below set forth these potentially dilutive securities:


	Nine Months Ended January 31,
	2023		2022
Excluded options		281,936		48,667
Excluded warrants		9,890,847		10,773,315
Total excluded options and warrants		10,172,783		10,821,982