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Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.8.0.1
Significant Accounting Policies (Tables)
 6 Months Ended
Oct. 31, 2017
Accounting Policies [Abstract]  
Schedule of Basic and Diluted Income per Share

Basic and diluted income per share for the three months ended October 31, 2016, were calculated as follows:


 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

Net income applicable to common stock

 

$

116,541

 

 

$

116,541

 

Convertible debt interest

 

 

—

 

 

 

8,021

 

 

 

$

116,541

 

 

$

124,562

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

11,479,845

 

 

 

11,479,845

 

Convertible debt

 

 

—

 

 

 

75,595

 

Warrants and options

 

 

—

 

 

 

584,823

 

 

 

 

11,479,845

 

 

 

12,140,263

 

 

 

 

 

 

 

 

 

 

Net income per share

 

$

0.01

 

 

$

0.01