earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for
the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares
and dilutive common stock equivalents outstanding. During periods in which the Company incurs losses, common stock equivalents, if any,
are not considered, as their effect would be anti-dilutive. During the three months ended August 31, 2021, the Company had 3,000,000
warrants outstanding which were anti-dilutive due to the net loss recognized in the period. In the three months ended August 31, 2020,
the Company had no common stock equivalents outstanding.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following: