Net Loss Per Common Share

9 Months Ended

Feb. 28, 2021

Earnings Per Share [Abstract]

Net Loss Per Common Share

2. Net Loss Per Common Share

Basic net loss per common share is computed by dividing net loss available to common stockholders of TSR, Inc. by the weighted average number of common shares outstanding during the reporting period, excluding the effects of any potentially dilutive securities. During the quarter ended February 28, 2021, the Company granted time and performance vesting stock awards under its 2020 Equity Incentive Plan (see Note 19 for further information). Diluted earnings per share gives effect to all potentially dilutive common shares outstanding during the reporting period. The common stock equivalents associated with these stock awards of 77,037 and 94,199 in the three months and nine months ended February 28, 2021 respectively, have not been included for dilutive shares outstanding for the three months and nine months ended February 28, 2021 since the effect would be anti-dilutive due to the net losses incurred for those periods.