NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

9 Months Ended

Aug. 31, 2021

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

Note M: NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

The Company calculates basic and diluted net loss per share attributable to common stockholders in conformity with the two-class method required for companies with participating securities. The Company considers all series of convertible preferred stock issued and outstanding to be participating securities. Under the two-class method, the net loss attributable to common stockholders is not allocated to the convertible preferred stock as the holders of convertible preferred stock issued and outstanding do not have a contractual obligation to share in losses.

The diluted net loss per share attributable to common stockholders is computed by giving effect to all potential dilutive common stock equivalents outstanding for the period. For purposes of this calculation, options to purchase common stock, common stock warrants and securities such as convertible preferred stock and convertible preferred stock warrants that were issued and outstanding, which are considered common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is antidilutive. Basic and diluted net loss per common share was the same for each period presented, as the inclusion of all potential common shares outstanding would have been antidilutive.


	Three Months Ended						Nine Months Ended
	August 31, 2021			August 31, 2020			August 31, 2021			August 31, 2020
Numerator:
Net loss	$	(207,261	)	$	(379,053	)	$	(1,136,142	)	$	(1,057,340	)

Denominator:
Weighted-average basic shares outstanding		30,709,948			29,842,376			30,549,157			29,431,400
Effect of dilutive securities
Weighted-average diluted shares		30,709,948			29,842,376			30,549,157			29,431,400

Net loss per common share – basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.04	)	$	(0.04	)

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because the impact of including them would have been antidilutive:


	Three Months Ended						Nine Months Ended
	August 31, 2021			August 31, 2020			August 31, 2021		August 31, 2020
Convertible preferred stock (as converted)		25,250			22,849			864,171		767,848
Common stock warrants (as exercised)		(555,252	)		(502,961	)		3,952,651		4,270,743
Total		(530,002	)		(480,112	)		4,816,822		5,038,591

Exeo Entertainment, Inc. 10-Q/A