Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) per Common Share (Tables)

v3.7.0.1
Income (Loss) per Common Share (Tables)
 3 Months Ended
Feb. 28, 2017
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Net (Loss) Income per Common Share

The following table sets forth the calculation of basic and diluted (loss) earnings per share:

 

     For the three months ended
February 28, 2017		      For the three months ended
February 29, 2016		  

Numerator:

      

Net Income (Loss)

    $ 486,923      ($ 122,936 ) 

Denominator:

      

Weighted-average shares outstanding-basic

      6,901,108        8,971,373  

Dilutive common shares issuable upon exercise of stock options

      536,135        —    

Weighted-average shares-diluted

      7,437,243        8,971,373  
  

 

 

     

 

 

  

Earnings (Loss) per share:

      

Basic

    $ 0.07      ($ 0.01 ) 
  

 

 

     

 

 

  

Diluted

    $ 0.07      ($ 0.01 )