Defense Technologies International Corp (DTII)

[Poco Parvenu]

DTII O/S going up is to be expected when reading the current 10Q, more specifically the Condensed Consolidated Statements of Cash Flows, and the Notes provided in the 10Q. Also in the 10Q is the Net Income (Loss) per Common Share statement which states:

Basic net income or loss per common share is calculated by dividing the Company’s net income or loss by the weighted average number of common shares outstanding during the period. Diluted net income or loss per common share is calculated by dividing the Company’s net income or loss by sum of the weighted average number of common shares outstanding and the dilutive potential common share equivalents then outstanding. Potential dilutive common share equivalents consist of shares issuable upon exercise of outstanding stock options and warrants, using the treasury stock method and the average market price per share during the period, and conversion of convertible debt, using the if converted method. As of July 31, 2022, the Company had potential shares issuable under convertible preferred shares and convertible debt for a total of 50,065,547. With the loss in operations for the three months period ended July 31, 2022, the additional shares were determined to be non-dilutive.

No surprises here of the O/S going up, which also increases the Market Cap. This is how small cap businesses show growth.