Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) per Common Share (Tables)

v3.8.0.1
Income (Loss) per Common Share (Tables)
9 Months Ended
Aug. 31, 2017
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Net Income (Loss) per Common Share

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

 

     Three Months Ended      Nine Months Ended  
     August 31, 2017      August 31, 2016      August 31, 2017      August 31, 2016  
Numerator:            

Net Income (Loss)

   $ 652,019      ($ 2,644,361    $ 1,635,882      ($ 2,130,165
  

 

 

    

 

 

    

 

 

    

 

 

 
Denominator:            

Weighted-average shares outstanding-basic

     7,100,232        7,583,771        7,049,782        8,546,110  
  

 

 

    

 

 

    

 

 

    

 

 

 

Dilutive common shares issuable upon exercise of stock options

     694,623        —          613,584        —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average shares-diluted

     7,794,855        7,583,771        7,663,366        8,546,110  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income (loss) per common share:

           
Basic    $ 0.09      ($ 0.35    $ 0.23      ($ 0.25
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

   $ 0.08      ($ 0.35    $ 0.21      ($ 0.25