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BASIC AND DILUTED NET LOSS PER COMMON SHARE (Tables)

12 Months Ended

Apr. 30, 2014

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,
		2014			2013
Numerator:
Net loss from continuing operations attributable to WPCS common shareholders			(11,097,410)		$	(5,379,381)
Denominator:
Basic and diluted weighted average shares outstanding			5,597,821			994,187
Basic and diluted net loss from continuing operations per common share attributable to WPCS common shareholders		$	(1.98)		$	(5.41)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Below is a tabulation of the potentially dilutive securities that were “in the money” for the years ended April 30, 2014 and 2013, respectively.

		Years Ended
		April 30,
		2014			2013
Common stock equivalents:
Stock options			97			116,279
Conversion of senior secured convertible notes			4,491,692			1,857,097
Stock warrants			383,027			2,274,796
Totals			4,874,816			4,248,172

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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