EARNINGS PER SHARE

9 Months Ended

Jan. 31, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 14 – EARNINGS PER SHARE

FASB ASC Topic 260, Earnings Per Share, requires a reconciliation of the numerator and denominator of the basic and diluted earnings (loss) per share (EPS) computations.

Basic earnings (loss) per share are computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.

For the three and nine month periods ended January 31, 2013 and 2012, there were no potential additional dilutive common stock equivalents.