Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER COMMON SHARE

NET LOSS PER COMMON SHARE

3 Months Ended

Jul. 31, 2022

NOTE 11 — 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.

	July 31, 2022		July 31, 2021
Common stock equivalents:
Restricted stock units		441,402		355,873
Stock options		148,060		95,000
Stock warrants		2,018,949		1,395,509
Total		2,608,411		1,846,382

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2022