ear nings (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 year ended May 31, 2021, the Company
had warrants outstanding which were anti-dilutive due to the net loss recognized in the period. In the year ended May
31, 2020, the Company had 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: