Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) per Common Share (Tables)

v2.4.0.8
Income (Loss) per Common Share (Tables)
 6 Months Ended
May 31, 2013
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 (loss) per common share:

 

     Three Months Ended     Six Months Ended  
     May 31, 2013     May 31, 2012     May 31, 2013      May 31, 2012  

Numerator:

          

Net (Loss) Income

    $ (243,658 )    ($ 3,244,930 )    $ 348       ($ 4,906,993 ) 
  

 

 

    

 

 

    

 

 

     

 

 

  

Denominator:

          

Weighted-average shares outstanding-basic

      10,946,743        11,322,143        10,964,370         11,405,106   

Dilutive common shares issuable upon exercise of stock options

      —          —          118,194         —     
  

 

 

    

 

 

    

 

 

     

 

 

  

Weighted-average shares-diluted

      10,946,743        11,322,143        11,082,564         11,405,106   
  

 

 

    

 

 

    

 

 

     

 

 

  

Net (loss) income per common share:

          

Basic

    $ (0.02 )    ($ 0.28 )    $ 0.00       ($ 0.43 ) 
  

 

 

    

 

 

    

 

 

     

 

 

  

Diluted

    $ (0.02 )    ($ 0.28 )    $ 0.00       ($ 0.43 )