NET LOSS PER SHARE

12 Months Ended

Apr. 30, 2016

NET LOSS PER SHARE

Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the reporting period. We are in a net loss position and as such Diluted net loss per share is calculated similarly to Basic net loss per share.

The following table presents a reconciliation of the denominators used in the computation of net loss per share – basic and diluted:

	Year ended April 30
	2016		2015

Net loss from continuing operations		(3,440,000)		(2,868,000)
Net loss from discontinued operations		(1,608,000)		(4,362,000)
Net loss		(5,048,000)		(7,230,000)

Weighted average outstanding shares of common stock		118,987,173		114,068,425
Dilutive effect of stock options and warrants		-		-
Common stock and equivalents		118,987,173		114,068,425

Basic and diluted
Loss from continuing operations		(0.03)		(0.03)
Loss from discontinued operations		(0.01)		(0.04)
Net loss		(0.04)		(0.07)

The following instruments are currently antidilutive and have been excluded from the calculations of diluted income or loss per share for the years ended April 30, as follows:

	Year ended April 30
	2016		2015

Common stock upon the conversion of debt		62,407,000		11,855,000
Warrants		7,750,000		8,590,000
Stock Options		3,264,000		4,554,000

		73,421,000		24,999,000

CrowdGather, Inc. 10-K