Quarterly report pursuant to Section 13 or 15(d)

Income per Common Share (Tables)

v3.21.2
Income per Common Share (Tables)
 6 Months Ended
May 31, 2021
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,

2021

 

 

May 31,

2020

 

 

May 31,

2021

 

 

May 31,

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

1,170,629

 

 

$

953,338

 

 

$

1,864,219

 

 

$

1,640,304

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding-basic

 

 

7,956,301

 

 

 

7,545,613

 

 

 

7,765,724

 

 

 

7,543,376

 

Dilutive common shares issuable upon exercise of stock options

 

 

322,976

 

 

 

566,676

 

 

 

300,292

 

 

 

577,078

 

Weighted-average shares-diluted

 

 

8,279,277

 

 

 

8,112,289

 

 

 

8,066,016

 

 

 

8,120,454

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.15

 

 

$

0.13

 

 

$

0.24

 

 

$

0.22

 

Diluted

 

$

0.14

 

 

$

0.12

 

 

$

0.23

 

 

$

0.20