| Earnings per share calculations |
The table below
sets forth the basic loss per share calculations:
| |
|
Years Ended April
30, |
| |
|
2016 |
|
2015
(As Restated) |
|
2014 |
| Net loss |
|
$ |
(6,063,784 |
) |
|
$ |
(9,927,706 |
) |
|
$ |
(27,254,020 |
) |
| Basic weighted average number of shares outstanding |
|
|
752,403,049 |
|
|
|
704,327,656 |
|
|
|
583,219,665 |
|
| Diluted weighted average number of shares outstanding |
|
|
752,403,049 |
|
|
|
704,327,656 |
|
|
|
583,219,665 |
|
| Basic and diluted loss per share |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.05 |
) |
The table below
sets forth these potentially dilutive securities:
| |
|
Years Ended April
30, |
| |
|
2016 |
|
2015 |
|
2014 |
| Excluded options |
|
|
68,050,000 |
|
|
|
52,450,000 |
|
|
|
0 |
|
| Excluded warrants |
|
|
84,969,908 |
|
|
|
72,969,908 |
|
|
|
57,665,600 |
|
| Total excluded options and warrants |
|
|
153,019,908 |
|
|
|
125,419,908 |
|
|
|
57,665,600 |
|
|