Earnings (loss) per common share (EPS)

3 Months Ended

Jul. 31, 2015

Earnings (loss) per common share (EPS) [Text Block]

Note 8	Earnings (loss) per common share (“EPS”)
	Computation of basic and diluted EPS:

		Three Months Ended
		July 31,
		2015			2014
Net loss	$	(1,111,105	)	$	(1,063,373	)
Weighted average common shares outstanding – basic and diluted		42,366,916			42,592,851
Basic and diluted EPS	$	(0.03	)	$	(0.02	)

As at July 31, 2015 and 2014, common share equivalents, consisting of common shares issuable, on exercise of options and DSUs of 4,454,172 and 6,092,936, respectively, were not included in the computation of diluted EPS because the effect was anti-dilutive.