| Reconciliation of the numerator and denominator used in computing basic and diluted net loss per share |
| |
|
Three Months ended October 31, 2014 |
|
| |
|
Loss |
|
|
Shares |
|
|
Per share |
|
| |
|
(numerator) |
|
|
(denominator) |
|
|
amount |
|
| |
|
|
|
|
|
|
|
|
|
| Basic net loss per share – net loss and weighted average common shares outstanding |
|
$ |
(1,506,961 |
) |
|
|
2,410,512 |
|
|
$ |
(.63 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
$ |
(1,506,961 |
) |
|
|
2,410,512 |
|
|
$ |
(.63 |
) |
| |
|
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 |
) |
| |
|
Six Months ended October 31, 2014 |
|
| |
|
Loss |
|
|
Shares |
|
|
Per share |
|
| |
|
(numerator) |
|
|
(denominator) |
|
|
amount |
|
| |
|
|
|
|
|
|
|
|
|
| Basic net loss per share – net loss and weighted average common shares outstanding |
|
$ |
(2,266,728 |
) |
|
|
2,410,512 |
|
|
$ |
(.94 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
$ |
(2,266,728 |
) |
|
|
2,410,512 |
|
|
$ |
(.94 |
) |
| |
|
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 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted net loss per share – net loss, weighted average common shares outstanding and effect of stock options |
|
$ |
(1,219,822 |
) |
|
|
1,826,945 |
|
|
$ |
(.67 |
) |
|
| Summary of option activity |
| |
|
Shares |
|
|
Weighted
average
exercise
price |
|
|
Weighted
average
remaining
contractual
life (1) |
|
|
Aggregate
intrinsic
value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance April 30, 2014 |
|
|
264,244 |
|
|
$ |
12.42 |
|
|
|
4.46 |
|
|
$ |
14,750 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expired |
|
|
(16,000 |
) |
|
$ |
15.42 |
|
|
|
— |
|
|
|
— |
|
| Balance October
31, 2014 |
|
|
248,244 |
|
|
$ |
12.23 |
|
|
|
4.22 |
|
|
$ |
14,750 |
|
| Exercisable October
31, 2014 |
|
|
235,744 |
|
|
$ |
12.75 |
|
|
|
3.99 |
|
|
$ |
7,375 |
|
| Expected to vest
October 31, 2014 |
|
|
224,000 |
|
|
$ |
12.23 |
|
|
|
3.99 |
|
|
$ |
7,375 |
|
| |
(1) |
This amount represents the weighted
average remaining contractual life of stock options in years. |
|