Years Ended April 30,

2025

2024

Earnings per share

Net income

$

30,656,050

$

333,763

Less: Accretion of discounts to redemption of Series B convertible preferred stock

(3,193,404

)

(15,053,521

)

Less: Series B convertible preferred stock dividends

(1,129,759

)

(2,517,645

)

Less: Allocation of undistributed income to Series B convertible preferred stock

(2,970,780

)

–

Undistributed income (loss) available to common stockholders

$

23,362,107

$

(17,237,403

)

Weighted average shares outstanding used in basic earnings per share

7,329,596

9,581,059

Net income (loss) per share basic and diluted

$

3.19

$

(1.80

)