| Earnings Per Share A reconciliation of net income and number of shares used in computing basic and diluted earnings per share was as follows: | | | | | | | | | | | | | | Year Ended April 30, | | | 2026 | | 2025 | | Basic and diluted net income (loss) per share computation (dollars in thousands): | | | | | Net income (loss) attributable to common stockholders | $ | (1,175) | | | $ | 4,701 | | | Weighted Average common shares - basic and diluted | 13,832,385 | | | 13,659,786 | | | Basic net income (loss) per share | $ | (0.08) | | | $ | 0.34 | | | | | | | Diluted income (loss) per share computation | | | | | Net income (loss) attributable to common stockholders | $ | (1,175) | | | $ | 4,701 | | | | | | | | | | | | | | | Weighted Average common shares | 13,832,385 | | | 13,659,786 | | | Incremental shares from assumed exercise of stock options | — | | | 606,995 | | | Adjusted weighted average share – diluted | 13,832,385 | | | 14,266,781 | | | | | | | Diluted net income (loss) per share | $ | (0.08) | | | $ | 0.33 | |
The following table reflects the total potential stock-based instruments outstanding at April 30, 2026 and 2025 that could have an effect on the future computation of dilution per common share. These figures were not included in the above calculation as, to do so, would be antidilutive: | | | | | | | | | | | | | | Year Ended April 30, | | | 2026 | | 2025 | | Stock options | 2,639,820 | | | 126,353 | | | | | | | | | | | Total common stock equivalents | 2,639,820 | | | 126,353 | |
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