Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER COMMON SHARE

NET LOSS PER COMMON SHARE

6 Months Ended

Oct. 31, 2021

NOTE 10 — NET LOSS PER COMMON SHARE

Net loss per share of common stock is calculated in accordance with ASC 260, “Earnings Per Share”. Basic loss per share is computed by dividing net loss available to common stockholder, by the weighted average number of shares of common stock outstanding during the period. The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s net loss. In periods where the Company has a net loss, all dilutive securities are excluded.

	October 31, 2021		October 31, 2020
Common stock equivalents:
Preferred stock		—		1,990,606
Restricted stock units		354,757		32,500
Stock options		90,000		96,875
Stock warrants		1,368,246		1,658,419
Total		1,813,003		3,778,400

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

OCTOBER 31, 2021