Net Income (Loss) Per Share Attributable to Common Stockholders

3 Months Ended

Aug. 31, 2024

Net Income (Loss) Per Share Attributable to Common Stockholders [Abstract]

Net Income (Loss) per Share Attributable to Common Stockholders

NOTE 9. Net Income (Loss) per Share Attributable to Common Stockholders

The Company computes net income (loss) per share using the two-class method. Basic net income (loss) per share is computed using the weighted-average number of shares outstanding during the period. Diluted net income per share is computed using the weighted-average number of shares and the effect of potentially dilutive securities outstanding during the period. Potentially dilutive securities consist of stock options, Convertible debentures, and Warrants. Stock options, Convertible Debentures, and Warrants were excluded from the computation of diluted net income (loss) per share as including them would have been anti-dilutive. As we reported net losses for all periods presented, diluted loss per share is the same as basic loss per share.

The following outlines the Company’s basic and diluted loss per share for the quarters ended August 31, 2024, and August 31, 2023:

	Quarter-Ended
	August 31, 2024			August 31, 2023
Net Loss	$	(2,911	)	$	(416	)
Basic weighted-average common shares outstanding		19,246,089			5,075,420
Basic and diluted net loss per common share	$	(0.15	)	$	(0.08	)