| 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:
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Three Months Ended |
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Nine Months Ended |
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August 31, 2022 |
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August 31, 2021 |
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August 31, 2022 |
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August 31, 2021 |
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Numerator: |
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Net income |
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$ |
466,820 |
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$ |
856,494 |
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$ |
1,933,586 |
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$ |
2,720,713 |
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Denominator: |
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Weighted-average shares outstanding-basic |
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8,390,335 |
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8,452,374 |
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8,449,277 |
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7,996,278 |
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Dilutive common shares issuable upon exercise of
stock options |
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14,150 |
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239,957 |
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26,384 |
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221,176 |
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Weighted-average shares-diluted |
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8,404,485 |
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8,692,331 |
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8,475,661 |
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8,217,454 |
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Income per share: |
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Basic |
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$ |
0.06 |
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$ |
0.10 |
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$ |
0.23 |
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$ |
0.34 |
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Diluted |
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$ |
0.06 |
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$ |
0.10 |
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$ |
0.23 |
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$ |
0.33 |
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