Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) per Common Share (Tables)

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Income (Loss) per Common Share (Tables)
 3 Months Ended
Feb. 28, 2013
Income (Loss) per Common 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, 2013		     For the three months ended
February 29, 2012		  

Numerator:

                

Net Income (Loss)

   $ 244,006     ($ 1,682,063 ) 

Denominator:

                

Weighted-average shares outstanding-basic

     10,982,389       11,488,980  

Dilutive common shares issuable upon exercise of stock options

     122,705       —    

Weighted-average shares-diluted

     11,105,094       11,488,980  
   

 

 

    

 

 

  

Earnings (Loss) per share:

                

Basic

   $ 0.02     ($ 0.15 ) 
   

 

 

    

 

 

  

Diluted

   $ 0.02     ($ 0.15 )