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11. EARNINGS PER SHARE | 12 Months Ended
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Apr. 30, 2020
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE 11 – EARNINGS PER SHARE Basic earnings (loss) per share is computed by dividing earnings available to common stockholders by the weighted average number of shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of shares and potentially dilutive shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would be outstanding if the potentially dilutive securities had been issued. Potential shares of common stock outstanding principally include stock options and warrants. During the years ended April 30, 2020 and 2019, the Company incurred losses. Accordingly, the effect of any common stock equivalent would be anti-dilutive during those periods and are not included in the calculation of diluted weighted average number of shares outstanding. The table below sets forth the basic loss per share calculations:
|  | Years Ended April 30, |
|  | 2020 |  |  | 2019 |
Net loss |  | $ | (3,826,888 | ) |  | $ | (4,067,228 | )
Basic weighted average number of shares outstanding |  |  | 1,355,717,271 |  |  |  | 1,100,104,338 |
Diluted weighted average number of shares outstanding |  |  | 1,355,717,271 |  |  |  | 1,100,104,338 |
Basic and diluted loss per share |  | $ | (0.00 | ) |  | $ | (0.00 | )
The table below sets forth these potentially dilutive securities:
|  | Years Ended April 30, |
|  | 2020 |  |  | 2019 |
Excluded options |  |  | 67,200,000 |  |  |  | 107,450,000 |
Excluded warrants |  |  | 47,890,155 |  |  |  | 42,077,797 |
Total excluded options and warrants |  |  | 115,090,155 |  |  |  | 149,527,797 |

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