Reconciliation of the numerator and denominator used in computing basic and diluted net loss per share |
|
|
Three Months ended January 31, 2014 |
|
|
Loss |
|
Shares |
|
Per share |
|
|
(numerator) |
|
(denominator) |
|
amount |
|
|
|
|
|
|
|
Basic net loss per share net loss and weighted average common shares outstanding |
|
$ |
(846,786 |
) |
|
|
2,104,662 |
|
|
$ |
(.40 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
$ |
(846,786 |
) |
|
|
2,104,662 |
|
|
$ |
(.40 |
) |
|
|
Three Months ended January 31, 2013 |
|
|
Loss |
|
Shares |
|
Per share |
|
|
(numerator) |
|
(denominator) |
|
amount |
|
|
|
|
|
|
|
Basic net loss per share net loss and weighted average common shares outstanding |
|
$ |
(781,663 |
) |
|
|
1,782,925 |
|
|
$ |
(.44 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
$ |
(781,663 |
) |
|
|
1,782,925 |
|
|
$ |
(.44 |
) |
|
|
Nine Months ended January 31, 2014 |
|
|
Loss |
|
Shares |
|
Per share |
|
|
(numerator) |
|
(denominator) |
|
amount |
|
|
|
|
|
|
|
Basic net loss per share net loss and weighted average common shares outstanding |
|
$ |
(2,066,608 |
) |
|
|
1,919,517 |
|
|
$ |
(1.08 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
$ |
(2,066,608 |
) |
|
|
1,919,517 |
|
|
$ |
(1.08 |
) |
|
|
Nine Months ended January 31, 2013 |
|
|
Loss |
|
Shares |
|
Per share |
|
|
(numerator) |
|
(denominator) |
|
amount |
|
|
|
|
|
|
|
Basic net loss per share net loss and weighted average common shares outstanding |
|
$ |
(3,005,137 |
) |
|
|
1,784,898 |
|
|
$ |
(1.68 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
$ |
(3,005,137 |
) |
|
|
1,784,898 |
|
|
$ |
(1.68 |
) |
|
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 |
|
|
(32,164 |
) |
|
$ |
14.37 |
|
|
|
|
|
|
|
|
|
Balance January 31, 2014 |
|
|
279,411 |
|
|
$ |
12.17 |
|
|
|
4.47 |
|
|
|
2,500 |
|
Exercisable January 31, 2014 |
|
|
254,411 |
|
|
$ |
13.13 |
|
|
|
4.01 |
|
|
|
|
|
Expected to vest January 31, 2014 |
|
|
265,000 |
|
|
$ |
12.17 |
|
|
|
4.47 |
|
|
|
2,500 |
|
|