Net Income (Loss) Per Share Attributable to Common Stockholders

6 Months Ended

Nov. 30, 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 certain Warrants and Stock options were excluded from the computation of diluted net income (loss) per share as including them would have been anti-dilutive.

The following outlines the Company’s basic and diluted income (loss) per share for the three and six months ended November 30, 2024, and November 30, 2023:

	Quarter-Ended					Six Months Ended
	November 30, 2024		November 30, 2023			November 30, 2024		November 30, 2023
Income (loss) per share:
Basic:	$	0.83	$	(0.15	)	$	0.79	$	(0.24	)
Diluted:	$	0.80	$	(0.15	)	$	0.76	$	(0.24	)
Shares used in computing Income (loss) per share:
Basic:		23,599,144		5,075,420			21,246,788		5,075,420
Diluted:		24,574,247		5,075,420			21,930,531		5,075,420