Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.23.2
EARNINGS PER SHARE
12 Months Ended
Apr. 30, 2023
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

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 years ended April 30, 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 table below sets forth the basic loss per share calculations: 

           
    Years Ended April 30,  
    2023     2022  
Net loss   $ (4,315,993 )   $ (4,239,161 )
Basic weighted average number of shares outstanding     19,489,204       15,521,654  
Diluted weighted average number of shares outstanding     19,489,204       15,521,654  
Basic and diluted loss per share   $ (0.22 )   $ (0.27 )

 

The table below sets forth these potentially dilutive securities: 

             
    Years Ended April 30,  
    2023     2022  
Excluded options     281,269       40,900  
Excluded warrants     9,890,847       10,772,735  
Total excluded options and warrants     10,172,116       10,813,635