Note 2- Summary of Significant Accounting Policies: Basic and Diluted Earnings Per Share (Policies)

9 Months Ended

Jan. 31, 2014

Policies

Basic and Diluted Earnings Per Share

BASIC AND DILUTED LOSS PER SHARE

Pursuant to ASC 260-10-45, basic loss per common share is computed by dividing loss available to common shareholders by the weighted average number of shares of common stock outstanding for the periods presented. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the income of us, subject to anti-dilution limitations. The following table presents a reconciliation of basic and diluted net income per ordinary share:

	Three Months Ended January 31,		Nine Months Ended January 31,
	2014	2013	2014	2013
Net Net loss allocable to common shareholders for basic and diluted net loss per common share	$          (166,062)	$         (826,841)	$      (1,709,446)	$      (3,064,956)
Weighted average common shares outstanding - basic	173,882,803	173,374,671	173,882,803	165,946,391
Effect of dilutive securities:
Warrants	0	0	0	0
Weighted average common shares outstanding – diluted	173,882,803	173,374,671	173,882,803	165,946,391
Net loss per common share - basic	$               (0.001)	$              (0.005)	$              (0.009)	$              (0.018)
Net loss per common share - diluted	$               (0.001)	$              (0.005)	$              (0.009)	$              (0.018)

For the three and nine months ended January 31, 2014 and 2013, the effect of 26,666,666 outstanding common stock purchase warrants were anti-dilutive as we reported a net loss applicable to our common shareholders for both periods., and these outstanding purchase warrants re anti-dilutive as the exercise price of the warrants exceeded the average market price.  As a result, basic loss per share was equal to diluted loss per share for the three and nine months ended January 31, 2014 and 2013.