Note 3 - Earnings Per Share

6 Months Ended

Oct. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 3 – 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, convertible promissory notes including accrued interest and warrants.

The outstanding securities on October 31, 2025 and 2024 that could have a dilutive effect are as follows:

	October 31, 2025		October 31, 2024
Stock options		2,500,000		2,500,000
Convertible promissory notes and accrued interest, unrelated parties		2,322,911		2,180,659
Convertible promissory notes and accrued interest, related parties		30,398,018		28,472,933
Warrants		-		2,000,000
Total possible dilution		35,220,929		35,153,592

For the three and six-months ended  October 31, 2025 and 2024, respectively, the effect of the Company’s outstanding stock options, convertible promissory notes and accrued interest, related parties and warrants would have been anti-dilutive and so are excluded in the calculation of diluted EPS.