Earnings Per Share

12 Months Ended

Apr. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

A reconciliation of net income (loss) and number of shares used in computing basic and diluted earnings (loss) per share was as follows:

	Year Ended April 30,
	2019		2018
Basic and diluted net loss per share computation (dollars in thousands):
Net income (loss) attributable to common stockholders	$	128	$	(1,476	)
Weighted Average common shares - basic	11,340,184		10,991,105
Basic net income (loss) per share	$	0.01	$	(0.13	)
Diluted income (loss) per share computation
Net income (loss) attributable to common stockholders	$	128	$	(1,476	)
Income (loss) available to common stockholders	$	128	$	(1,476	)
Weighted Average common shares	11,340,184		10,991,105
Incremental shares from assumed exercise of warrants and stock options	2,755,933		—
Adjusted weighted average share – diluted	14,096,117		10,991,105
Diluted net income (loss) per share	$	0.01	$	(0.13	)

The following table reflects the total potential stock-based instruments outstanding at April 30, 2019 and 2018 that could have an effect on the future computation of dilution per common share:

	Year Ended April 30
	2019	2018
Stock options	2,423,626	2,705,845
Warrants	1,671,440	2,004,284
Total common stock equivalents	4,095,066	4,710,129