• Filing Date: 2019-07-11
  • Form Type: 10-K
  • Description: Annual report
v3.19.2
Loss per share
12 Months Ended
Apr. 30, 2019
Loss per share [Text Block]
Note 16 Loss per share
   
  The following table shows the computation of basic and diluted loss per share:
 
      Year ended April 30,  
      2019     2018  
  Numerator            
       Income available to common stockholders $  (5,013,439 ) $  (3,220,670 )
               
  Denominator            
       Weighted average shares outstanding   5,942,096     5,496,201  
       Effect of dilutive securities (1) (2)        
      5,942,096     5,496,201  
               
  Basic and diluted loss per share $  (0.84 ) $  (0.59 )

(1) For the years ended April 30, 2019 and 2018, potentially dilutive securities including stock options and deferred share units totalling 1,249,940 and 1,140,432, respectively, were excluded from the computation of diluted loss per share because their effect was anti-dilutive.

(2) Diluted by assumed exercise of outstanding common share equivalents using the treasury stock method.