BASIC AND DILUTED NET LOSS PER COMMON SHARE
|12 Months Ended|
Apr. 30, 2015
|Earnings Per Share [Abstract]|
|BASIC AND DILUTED NET LOSS PER COMMON SHARE||
NOTE 3 BASIC AND DILUTED NET LOSS PER COMMON SHARE
Basic and diluted net loss per common share from continuing operations is computed as net loss from continuing operations less noncontrolling interest and dividends on preferred stock, divided by the weighted average number of common shares outstanding for the period. Diluted net loss per common share reflects the potential dilution that could occur from common stock issuable through exercise of stock options, warrants and Note conversions.
The table below presents the computations of loss per share from continuing operations applicable to common stockholders, after consideration of noncontrolling interest and dividends declared on preferred stock, as follows:
The following were excluded from the computation of diluted shares outstanding due to the losses for the years ended April 30, 2015 and 2014, as they would have had an anti-dilutive impact on the Company’s net loss.
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/presentationRef