BASIC AND DILUTED NET LOSS PER COMMON SHARE

6 Months Ended

Oct. 31, 2014

Earnings Per Share [Abstract]

BASIC AND DILUTED NET LOSS PER COMMON SHARE

NOTE 3 - BASIC AND DILUTED NET LOSS PER COMMON SHARE

Basic and diluted net loss per common share from continuing operations is computed as net loss from continuing operations less non-controlling interest and dividends on preferred stock, divided by the weighted average number of common shares outstanding for the period. Diluted net loss per common share reflects the potential dilution that could occur from common stock issuable through exercise of stock options, warrants and Note conversions.

The following were excluded from the computation of diluted shares outstanding due to the losses from continuing operations for the three and six months ended October 31, 2014, as they would have had an anti-dilutive impact on the Company’s net loss.

	As of
	October 31, 2014
Common stock equivalents:
Stock options	79,207
Series E preferred stock	469,714
Series F preferred stock	5,268,000
Series G preferred stock	2,561,963
Senior secured convertible notes	30,314,664
Stock warrants	2,514,185
Totals	41,207,733