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)
9 Months Ended
Aug. 31, 2013
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Net Income (Loss) Per Common Share

The following table sets forth the calculation of basic and diluted net income (loss) per common share:

 

     Three Months Ended     Nine Months Ended  
     August 31,
2013
     August 31,
2012
    August 31,
2013
     August 31,
2012
 

Numerator:

          

Net Income (Loss)

   $ 194,434       ($ 547,097   $ 194,782       ($ 5,454,090
  

 

 

    

 

 

   

 

 

    

 

 

 

Denominator:

          

Weighted-average shares outstanding-basic

     10,774,892         11,166,496        10,900,750         11,325,280   

Dilutive common shares issuable upon exercise of stock options

     89,007         —          109,529         —     
  

 

 

    

 

 

   

 

 

    

 

 

 

Weighted-average shares-diluted

     10,863,899         11,166,496        11,010,279         11,325,280   
  

 

 

    

 

 

   

 

 

    

 

 

 

Net loss per common share:

          

Basic

   $ 0.02       ($ 0.05   $ 0.02       ($ 0.48
  

 

 

    

 

 

   

 

 

    

 

 

 

Diluted

   $ 0.02       ($ 0.05   $ 0.02       ($ 0.48