| Reconciliation of the numerator and denominator used in computing basic and diluted net loss per share |
| |
|
Three Months ended October 31, 2013 |
|
| |
|
Loss |
|
|
Shares |
|
|
Per share |
|
| |
|
(numerator) |
|
|
(denominator) |
|
|
amount |
|
| |
|
|
|
|
|
|
|
|
|
| Basic net loss per share – net loss and weighted average common shares outstanding |
|
$ |
(338,192 |
) |
|
|
1,899,227 |
|
|
$ |
(.18 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Effect of dilutive securities – stock options |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Effect of dilutive securities – warrants |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted net loss per share – net loss, weighted average common shares outstanding and effect of stock options and warrants |
|
$ |
(338,192 |
) |
|
|
1,899,227 |
|
|
$ |
(.18 |
) |
| |
|
Three Months ended October 31, 2012 |
|
| |
|
Loss |
|
|
Shares |
|
|
Per share |
|
| |
|
(numerator) |
|
|
(denominator) |
|
|
amount |
|
| |
|
|
|
|
|
|
|
|
|
| Basic net loss per share – net loss and weighted average common shares outstanding |
|
$ |
(1,247,757 |
) |
|
|
1,783,885 |
|
|
$ |
(.70 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Effect of dilutive securities – stock options |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Effect of dilutive securities – warrants |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted net loss per share – net loss, weighted average common shares outstanding and effect of stock options and warrants |
|
$ |
(1,247,757 |
) |
|
|
1,783,885 |
|
|
$ |
(.70 |
) |
| |
|
Six Months ended October 31, 2013 |
|
| |
|
Loss |
|
|
Shares |
|
|
Per share |
|
| |
|
(numerator) |
|
|
(denominator) |
|
|
amount |
|
| |
|
|
|
|
|
|
|
|
|
| Basic net loss per share – net loss and weighted average common shares outstanding |
|
$ |
(1,219,822 |
) |
|
|
1,826,945 |
|
|
$ |
(.67 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Effect of dilutive securities – stock options |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Effect of dilutive securities – warrants |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted net loss per share – net loss, weighted average common shares outstanding and effect of stock options and warrants |
|
$ |
(1,219,822 |
) |
|
|
1,826,945 |
|
|
$ |
(.67 |
) |
| |
|
Six Months ended October 31, 2012 |
|
| |
|
Loss |
|
|
Shares |
|
|
Per share |
|
| |
|
(numerator) |
|
|
(denominator) |
|
|
amount |
|
| |
|
|
|
|
|
|
|
|
|
| Basic net loss per share – net loss and weighted average common shares outstanding |
|
$ |
(2,223,474 |
) |
|
|
1,783,885 |
|
|
$ |
(1.25 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Effect of dilutive securities – stock options |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted net loss per share – net loss, weighted average common shares outstanding and effect of stock options |
|
$ |
(2,223,474 |
) |
|
|
1,783,885 |
|
|
$ |
(1.25 |
) |
|
| Summary of option activity |
| |
|
Shares |
|
|
Weighted
average
exercise
price
|
|
|
Weighted
average
remaining
contractual
life (1)
|
|
|
Aggregate
intrinsic
value
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance April 30, 2013 |
|
|
311,575 |
|
|
$ |
12.40 |
|
|
|
5.02 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Expired |
|
|
(21,246 |
) |
|
$ |
12.82 |
|
|
|
— |
|
|
|
— |
|
| Balance October 31, 2013 |
|
|
290,329 |
|
|
$ |
12.28 |
|
|
|
4.74 |
|
|
|
— |
|
| Exercisable October 31, 2013 |
|
|
265,329 |
|
|
$ |
13.21 |
|
|
|
4.30 |
|
|
|
— |
|
| Expected to vest October 31, 2013 |
|
|
276,000 |
|
|
$ |
12.28 |
|
|
|
4.74 |
|
|
|
— |
|
|