BASIC AND DILUTED NET (LOSS) INCOME PER COMMON SHARE

9 Months Ended

Jan. 31, 2017

BASIC AND DILUTED NET LOSS PER COMMON SHARE

NOTE 5 – BASIC AND DILUTED NET (LOSS) INCOME PER COMMON SHARE

Basic and diluted net income (loss) per common share from continuing operations is computed as net income (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 income 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 securities were excluded from the weighted average dilutive common shares outstanding because their inclusion would have been antidilutive.

	As of January 31,
	2017		2016
Common stock equivalents:

Common stock options		2,422,000		2824000
Series H, H-1 and H-2 preferred stock		760,000		1,076,000
Common stock purchase warrants		1,791,000		1,295,000
Totals		4,973,000		5,195,000