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:

 

    Income
(Numerator)
  Weighted Average Shares
(Denominator)
  Per Share
Amount
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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