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