Note 12 – Earnings Per Share

 

The following table sets forth the computation of basic and diluted earnings per common share:

 

          
   For the years ended 
   February 28, 2026   February 28, 2025 
Numerator – basic and diluted          
Net Loss  $(7,041,333)  $(5,109,342)
Denominator          
Weighted average number of common shares outstanding —basic   59,597,091    55,613,386 
Weighted average number of common shares outstanding —diluted   59,597,091    55,613,386 
Loss per common share — basic  $(0.12)  $(0.09)
Loss per common share — diluted  $(0.12)  $(0.09)

 

Historical Timeline

Fiscal YearFiled
2026May 29, 2026Showing above
2025May 29, 2025
2024May 29, 2024
2023May 30, 2023
2022May 31, 2022
2021May 28, 2021
2019Jun 13, 2019
2018Aug 7, 2018

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.