Quarterly report pursuant to Section 13 or 15(d)

BASIC AND DILUTED NET LOSS PER COMMON SHARE (Tables)

v3.3.1.900
BASIC AND DILUTED NET LOSS PER COMMON SHARE (Tables)
6 Months Ended
Oct. 31, 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:
 
 
 
For the three months ended
 
For the six months ended
 
 
 
October 31,
 
October 31,
 
 
 
2015
 
2014
 
2015
 
2014
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations attributable to WPCS common shareholders
 
$
(2,823,466)
 
$
(1,998,369)
 
$
(7,030,226)
 
$
(4,720,356)
 
Income (loss) from discontinued operations, basic and diluted
 
 
837,720
 
 
(1,834,269)
 
 
862,476
 
 
(1,424,467)
 
Net loss attributable to WPCS common shareholders, basic and diluted
 
$
(1,985,746)
 
$
(3,832,638)
 
$
(6,167,750)
 
$
(6,144,823)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted weighted average shares outstanding
 
 
2,415,113
 
 
632,417
 
 
1,942,681
 
 
632,417
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted loss from continuing operations per common share
 
$
(1.17)
 
$
(3.16)
 
$
(3.62)
 
$
(7.46)
 
Basic and diluted income (loss) from discontinued operations per common share
 
 
0.35
 
 
(2.91)
 
 
0.44
 
 
(2.26)
 
Basic and diluted loss per common share
 
$
(0.82)
 
$
(6.06)
 
$
(3.17)
 
$
(9.72)
 
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 from continuing operations for the six months ended October 31, 2015 and 2014, as they would have had an anti-dilutive impact on the Company’s net loss.
 
 
 
As of October 31,
 
 
 
2015
 
2014
 
Common stock equivalents:
 
 
 
 
 
 
 
Common stock options
 
 
2,724,000
 
 
4,000
 
Series E preferred stock
 
 
-
 
 
21,000
 
Series F and F-1 preferred stock
 
 
-
 
 
239,000
 
Series G and G-1 preferred stock
 
 
76,000
 
 
116,000
 
Series H and H-1 preferred stock
 
 
1,135,000
 
 
-
 
Make-whole on preferred shares
 
 
21,000
 
 
-
 
Conversion of senior secured convertible notes
 
 
-
 
 
1,378,000
 
Common stock purchase warrants
 
 
1,296,000
 
 
114,000
 
Totals
 
 
5,252,000
 
 
1,872,000