Next 1 Interactive, Inc. Just Filed Its Annual Report: Note 20 – Earnings P...

Note 20 – Earnings Per Share


The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per-share computations for each of the past two fiscal years:


  Weighted Average Shares
  Per Share
For the year ended February 29, 2016:            
Basic earnings (losses)   $ (8,412,127 )     6,766,701     $ (1 .24)  
Effect of dilutive securities           5,637,538        
Dilutive earnings   $ (8,412,127 )     12,404,239     $ (0.68 )
For the year ended February 28, 2015:                        
Basic earnings   $ 1,546,459       20,535,379     $ 0.08  
Interest expense from convertible debt     574,046       324,731,862        
Effect of dilutive securities           345,267,241        


Basic earnings per share are computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Diluted loss per common share is not presented because it is anti-dilutive.

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:

Next 1 Interactive, Inc. director just picked up 50,000 shares - March 16, 2017
Entry into a Material Definitive - March 10, 2017
Major owner of Next 1 Interactive, Inc. just picked up 100,000 shares - March 9, 2017
General statement of acquisition of beneficial ownership - March 9, 2017

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