NOTE 3 - EARNINGS PER SHARE

9 Months Ended

Jan. 31, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Basic Earnings Per Share (“EPS”) is computed as net income (loss) available to common stockholders divided by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock options and warrants.

The outstanding securities at January 31, 2020 and 2019 that could have a dilutive effect are as follows:

	January 31, 2020		January 31, 2019
Stock options		7,145,000		6,695,000
Warrants		29,039,849		30,654,249
TOTAL POSSIBLE DILUTIVE SHARES		36,184,849		37,349,249

For the three and nine months ended January 31, 2020 and 2019, respectively, the effect of the Company’s outstanding stock options and warrants would have been anti-dilutive and so are excluded in the diluted EPS.