Earnings Per Share

12 Months Ended

Apr. 30, 2022

Earnings Per ShareA reconciliation of net income and number of shares used in computing basic and diluted earnings per share was as follows:


	Year Ended April 30,
	2022		2021
Basic and diluted net income per share computation (dollars in thousands):
Net income attributable to common stockholders	$	548	$	362
Weighted Average common shares - basic	13,197,170		13,138,995
Basic net income per share	$	0.04	$	0.03

Diluted income per share computation
Net income attributable to common stockholders	$	548	$	362

Income available to common stockholders	$	548	$	362

Weighted Average common shares	13,197,170		13,138,995
Incremental shares from assumed exercise of warrants and stock options	962,629		1,434,566
Adjusted weighted average share – diluted	14,159,799		14,573,561

Diluted net income per share	$	0.04	$	0.02

The following table reflects the total potential stock-based instruments outstanding at April 30, 2022 and 2021 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
	2022	2021
Stock options	1,332,854	1,653,646


Total common stock equivalents	1,332,854	1,653,646