Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

Net Loss Per Common Share

3 Months Ended

Jul. 31, 2020

NOTE 9 — 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, 2020		July 31, 2019
Common stock equivalents:
Preferred stock		-		-
Restricted stock units		32,500		111,228
Stock options		100,000		136,895
Stock warrants		746,753		499,360
Total		879,253		747,483