Quarterly report pursuant to Section 13 or 15(d)

Income per Common Share (Tables)

v3.24.1.u1
Income per Common Share (Tables)
 3 Months Ended
Feb. 29, 2024
Earnings Per Share [Abstract]  
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:

 

 

 

 

February 29, 2024

 

 

February 28, 2023

 

Numerator:

 

 

 

 

 

 

 

Net income

 

 

$

556,241

 

 

$

766,812

 

Denominator:

 

 

 

 

 

 

 

Weighted-average shares outstanding-basic

 

 

 

8,277,844

 

 

 

8,467,074

 

Dilutive common shares issuable upon exercise of
   stock options

 

 

 

47,183

 

 

 

7,663

 

Weighted-average shares-diluted

 

 

 

8,325,027

 

 

 

8,474,737

 

Income per share:

 

 

 

 

 

 

 

Basic

 

 

$

0.07

 

 

$

0.09

 

Diluted

 

 

$

0.07

 

 

$

0.09