Quarterly report pursuant to Section 13 or 15(d)

Income per Common Share (Tables)

v3.10.0.1
Income per Common Share (Tables)
 6 Months Ended
May 31, 2018
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Net Income per Common Share

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

 

     Three Months Ended      Six Months Ended  
     May 31, 2018      May 31, 2017      May 31, 2018      May 31, 2017  

Numerator:

            

Net Income

    $ 539,506      $ 496,940      $ (1,990,566 )     $ 983,863  
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Weighted-average shares outstanding-basic

      7,247,464        7,144,775        7,177,082        7,024,280  

Dilutive common shares issuable upon exercise of stock options

      670,271        581,785        —          558,255  
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted-average shares-diluted

      7,917,735        7,726,560        7,177,082        7,582,535  
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income per common share:

            

Basic

    $ 0.07      $ 0.07      $ (0.28 )     $ 0.14  
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted

    $ 0.07      $ 0.06      $ (0.28 )     $ 0.13