Quarterly report pursuant to Section 13 or 15(d)

(Loss) Income per Common Share

v3.8.0.1
(Loss) Income per Common Share
3 Months Ended
Feb. 28, 2018
Earnings Per Share [Abstract]  
(Loss) Income per Common Share

Note 5 – (Loss) Income per Common Share

Net income (loss) per common share data are based on net income. The following table sets forth the calculation of basic and diluted (loss) earnings per share:

 

     For the three months ended
February 28, 2018
     For the three months ended
February 28, 2017
 

Numerator:

     

Net Income (Loss)

   ($ 2,530,072    $ 486,923  

Denominator:

     

Weighted-average shares outstanding-basic

     7,105,135        6,901,108  

Dilutive common shares issuable upon exercise of stock options

     —          536,135  

Weighted-average shares-diluted

     7,105,135        7,437,243  
  

 

 

    

 

 

 

Earnings (Loss) per share:

     

Basic

   ($ 0.36    $ 0.07  
  

 

 

    

 

 

 

Diluted

   ($ 0.36    $ 0.07  
  

 

 

    

 

 

 

 

For the three months ended February 28, 2018, the Company excluded the effect of all outstanding stock options from the computation of diluted earnings per share, as the effect of potentially dilutive shares from the outstanding stock options would be anti-dilutive. For the three months ended February 28, 2017, the Company included the effect of all outstanding stock options in the computation of diluted earnings per share, as all of the outstanding stock options were in the money as of February 28, 2017.