Annual report pursuant to Section 13 and 15(d)

BASIC AND DILUTED NET LOSS PER COMMON SHARE (Tables)

v3.2.0.727
BASIC AND DILUTED NET LOSS PER COMMON SHARE (Tables)
12 Months Ended
Apr. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
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:
 
 
 
Years Ended
 
 
 
April 30,
 
 
 
2015
 
2014
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations attributable to WPCS common shareholders
 
$
(9,506,300)
 
$
(10,671,717)
 
Loss from discontinued operations, basic and diluted
 
 
(1,822,239)
 
 
(496,249)
 
Net loss attributable to WPCS common shareholders, basic and diluted
 
$
(11,328,539)
 
$
(11,167,966)
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted weighted average shares outstanding
 
 
672,723
 
 
254,446
 
 
 
 
 
 
 
 
 
Basic and diluted loss from continuing operations per common share
 
$
(14.13)
 
$
(41.94)
 
Basic and diluted loss from discontinued operations per common share
 
 
(2.71)
 
 
(1.95)
 
Basic and diluted loss per common share
 
$
(16.84)
 
$
(43.89)
 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
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.
 
 
 
As of April 30,
 
 
 
2015
 
2014
 
Common stock equivalents:
 
 
 
 
 
 
 
Stock options
 
 
40,688
 
 
1,917
 
Series F and F-1 preferred stock
 
 
495,909
 
 
-
 
Series G and G-1 preferred stock
 
 
290,909
 
 
-
 
Conversion of senior secured convertible notes
 
 
-
 
 
204,168
 
Make-whole on preferred shares
 
 
204,346
 
 
-
 
Stock warrants
 
 
15,510
 
 
171,582
 
Totals
 
 
1,047,362
 
 
377,667