Weighted Average Shares Outstanding

6 Months Ended

Oct. 31, 2025

Earnings Per Share [Abstract]

Weighted Average Shares Outstanding

I – Weighted Average Shares Outstanding

Weighted average shares of common stock outstanding used in the calculation of basic and diluted earnings per share were as follows:

	Three Months Ended October 31,		Six Months Ended October 31,
	2025	2024	2025	2024
Weighted average shares outstanding-basic	8,283,116	8,147,971	8,278,585	7,272,364
Dilutive options and restricted stock	-	144,488	-	151,572
Weighted average shares outstanding-diluted	8,283,116	8,292,459	8,278,585	7,423,936
Antidilutive securities not included:
Options	733,757	662,667	733,757	598,717
Warrants	937,487	-	937,487	-
Restricted stock	248,389	28,395	248,389	21,286

Diluted net income (loss) per share is presented for all periods in which the Company reported net income. For the three and six months ended October 31, 2025, 141,053 and 143,402 in potentially dilutive securities, respectively, were excluded from diluted EPS because their effect would have been anti-dilutive due to the net loss in those periods. For the three and six months ended October 31, 2024, 144,488 and 151,572 in potentially dilutive securities, respectively, were included in the diluted EPS calculation because the Company reported net income for those periods.