BASIC AND DILUTED NET LOSS PER COMMON SHARE (Tables)

12 Months Ended

Apr. 30, 2015

Schedule of Earnings Per Share, Basic and Diluted

The table below presents the computations of loss per share from continuing operations applicable to common stockholders, after consideration of noncontrolling interest and dividends declared on preferred stock, as follows:

	Years Ended
	April 30,
	2015		2014
Numerator:

Loss from continuing operations attributable to WPCS common shareholders	$	(9,506,300)	$	(10,671,717)
Loss from discontinued operations, basic and diluted		(1,822,239)		(496,249)
Net loss attributable to WPCS common shareholders, basic and diluted	$	(11,328,539)	$	(11,167,966)

Denominator:

Basic and diluted weighted average shares outstanding		672,723		254,446

Basic and diluted loss from continuing operations per common share	$	(14.13)	$	(41.94)
Basic and diluted loss from discontinued operations per common share		(2.71)		(1.95)
Basic and diluted loss per common share	$	(16.84)	$	(43.89)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following were excluded from the computation of diluted shares outstanding due to the losses for the years ended April 30, 2015 and 2014, as they would have had an anti-dilutive impact on the Company’s net loss.

	As of April 30,
	2015		2014
Common stock equivalents:
Stock options		40,688		1,917
Series F and F-1 preferred stock		495,909		-
Series G and G-1 preferred stock		290,909		-
Conversion of senior secured convertible notes		-		204,168
Make-whole on preferred shares		204,346		-
Stock warrants		15,510		171,582
Totals		1,047,362		377,667