Earnings Per Share

12 Months Ended

Apr. 30, 2021

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,
	2021		2020
Basic and diluted net loss per share computation (dollars in thousands):
Net income (loss) attributable to common stockholders	$	362	$	(2,093)
Weighted Average common shares - basic	13,138,995		11,843,463
Basic net income (loss) per share	$	0.03	$	(0.18)

Diluted income (loss) per share computation
Net income (loss) attributable to common stockholders	$	362	$	(2,093)

Income (loss) available to common stockholders	$	362	$	(2,093)

Weighted Average common shares	13,138,995		11,843,463
Incremental shares from assumed exercise of warrants and stock options	1,434,566		—
Adjusted weighted average share – diluted	14,573,561		11,843,463

Diluted net income (loss) per share	$	0.02	$	(0.18)

The following table reflects the total potential stock-based instruments outstanding at April 30, 2021 and 2020 that could have an effect on the future computation of dilution per common share. These figures were not included in the above calculation as, to do so, would be antidilutive:


	Year Ended April 30
	2021	2020
Stock options	1,653,646	2,271,658


Total common stock equivalents	1,653,646	2,271,658