| 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, 2023 |
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August 31, 2022 |
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August 31, 2023 |
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August 31, 2022 |
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Numerator: |
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Net income |
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$ |
680,561 |
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$ |
466,820 |
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$ |
1,668,349 |
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$ |
1,933,586 |
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Denominator: |
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Weighted-average shares outstanding-basic |
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8,286,555 |
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8,390,335 |
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8,358,792 |
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8,449,277 |
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Dilutive common shares issuable upon exercise of
stock options |
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55,512 |
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14,150 |
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16,147 |
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26,384 |
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Weighted-average shares-diluted |
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8,342,067 |
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8,404,485 |
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8,374,939 |
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8,475,661 |
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Income per share: |
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Basic |
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$ |
0.08 |
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$ |
0.06 |
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$ |
0.20 |
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$ |
0.23 |
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Diluted |
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$ |
0.08 |
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$ |
0.06 |
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$ |
0.20 |
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$ |
0.23 |
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