Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) per Common Share (Tables)

v3.19.1
Income (Loss) per Common Share (Tables)
3 Months Ended
Feb. 28, 2019
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings (Loss) per Share

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

 

     For the three months ended
February 28, 2019
     For the three months ended
February 28, 2018
 

Numerator:

     

Net Income (Loss)

   $ 275,877      ($ 2,530,072

Denominator:

     

Weighted-average shares outstanding-basic

     7,801,333        7,105,135  

Dilutive common shares issuable upon exercise of stock options

     623,572        —    
  

 

 

    

 

 

 

Weighted-average shares-diluted

     8,424,905        7,105,135  
  

 

 

    

 

 

 

Earnings (Loss) per share:

     

Basic

   $ 0.04      ($ 0.36
  

 

 

    

 

 

 

Diluted

   $ 0.03      ($ 0.36