BASIC AND DILUTED NET LOSS PER COMMON SHARE

9 Months Ended

Jan. 31, 2015

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 the exercise of stock options and 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 nine months ended January 31, 2015 and 2014, as they would have had an anti-dilutive impact on the Company’s net loss.

	As of
	January 31,
	2015	2014
Common stock equivalents:
Stock options	760,857	918
Series F and F-1 preferred stock	15,843,000	-
Series G and G-1 preferred stock	6,785,276	-
Stock warrants	341,220	608,237
Make-whole on preferred shares	6,216,679	-
Senior Secured Convertible Notes	-	4,186,134
Totals	29,947,032	4,795,289