| Reconciliation of the numerator and denominator used in computing basic and diluted net loss per share |
| |
|
Three Months ended January 31, 2015 |
| |
|
Loss |
|
Shares |
|
Per share |
| |
|
(numerator) |
|
(denominator) |
|
amount |
| |
|
|
|
|
|
|
| Basic net loss per share – net loss and weighted average common shares outstanding |
|
$ |
(2,296,204 |
) |
|
|
2,564,751 |
|
|
$ |
(.90 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
$ |
(2,296,204 |
) |
|
|
2,564,751 |
|
|
$ |
(.90 |
) |
| |
|
Three Months ended January 31, 2014 |
| |
|
Loss |
|
Shares |
|
Per share |
| |
|
(numerator) |
|
(denominator) |
|
amount |
| |
|
|
|
|
|
|
| Basic net loss per share – net loss and weighted average common shares outstanding |
|
$ |
(846,786 |
) |
|
|
2,104,662 |
|
|
$ |
(.40 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
$ |
(846,786 |
) |
|
|
2,104,662 |
|
|
$ |
(.40 |
) |
| |
|
Nine Months ended January 31, 2015 |
| |
|
Loss |
|
Shares |
|
Per share |
| |
|
(numerator) |
|
(denominator) |
|
amount |
| |
|
|
|
|
|
|
| Basic net loss per share – net loss and weighted average common shares outstanding |
|
$ |
(4,562,932 |
) |
|
|
2,461,925 |
|
|
$ |
(1.85 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
$ |
(4,562,932 |
) |
|
|
2,461,925 |
|
|
$ |
(1.85 |
) |
| |
|
Nine Months ended January 31, 2014 |
| |
|
Loss |
|
Shares |
|
Per share |
| |
|
(numerator) |
|
(denominator) |
|
amount |
| |
|
|
|
|
|
|
| Basic net loss per share – net loss and weighted average common shares outstanding |
|
$ |
(2,066,608 |
) |
|
|
1,919,517 |
|
|
$ |
(1.08 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
$ |
(2,066,608 |
) |
|
|
1,919,517 |
|
|
$ |
(1.08 |
) |
|
| 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 January 31, 2015 |
|
|
|
248,244 |
|
|
$ |
12.23 |
|
|
|
4.03 |
|
|
|
— |
|
| |
Exercisable January 31, 2015 |
|
|
|
235,744 |
|
|
$ |
12.75 |
|
|
|
3.81 |
|
|
|
— |
|
| |
Expected to vest January 31, 2015 |
|
|
|
224,000 |
|
|
$ |
12.23 |
|
|
|
3.81 |
|
|
|
— |
|
|