| 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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Six Months Ended |
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May 31, 2023 |
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May 31, 2022 |
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May 31, 2023 |
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May 31, 2022 |
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Numerator: |
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Net income |
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$ |
220,976 |
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$ |
634,719 |
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$ |
987,788 |
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$ |
1,466,766 |
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Denominator: |
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Weighted-average shares outstanding-basic |
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8,325,101 |
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8,437,544 |
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8,395,307 |
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8,479,071 |
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Dilutive common shares issuable upon exercise of
stock options |
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6,810 |
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115,541 |
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7,231 |
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164,035 |
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Weighted-average shares-diluted |
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8,331,911 |
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8,553,085 |
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8,402,538 |
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8,643,106 |
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Income per share: |
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Basic |
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$ |
0.03 |
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$ |
0.08 |
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$ |
0.12 |
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$ |
0.17 |
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Diluted |
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$ |
0.03 |
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$ |
0.07 |
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$ |
0.12 |
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$ |
0.17 |
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