Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) per Common Share (Tables)

v3.19.2
Income (Loss) per Common Share (Tables)
 6 Months Ended
May 31, 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 net income per common share:
 
 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
May 31, 2019
 
 
May 31, 2018
 
 
May 31, 2019
 
 
May 31, 2018
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income
 
$
53,673
 
 
$
539,506
 
 
$
329,550
 
 
$
(1,990,566
)
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding-basic
 
 
7,803,333
 
 
 
7,247,464
 
 
 
7,802,344
 
 
 
7,177,082
 
Dilutive common shares issuable upon exercise of stock options
 
 
617,903
 
 
 
670,271
 
 
 
619,798
 
 
 
—
 
Weighted-average shares-diluted
 
 
8,421,236
 
 
 
7,917,735
 
 
 
8,422,142
 
 
 
7,177,082
 
Net income per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.01
 
 
$
0.07
 
 
$
0.04
 
 
$
(0.28
)
Diluted
 
$
0.01
 
 
$
0.07
 
 
$
0.04
 
 
$
(0.28
)