| 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, 2024 |
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August 31, 2023 |
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August 31, 2024 |
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August 31, 2023 |
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Numerator: |
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Net income |
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$ |
1,051,679 |
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$ |
680,561 |
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$ |
2,263,710 |
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$ |
1,668,349 |
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Denominator: |
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Weighted-average shares outstanding-basic |
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8,061,946 |
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8,286,555 |
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8,151,967 |
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8,358,792 |
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Dilutive common shares issuable upon exercise of
stock options |
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111,589 |
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55,512 |
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89,521 |
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16,147 |
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Weighted-average shares-diluted |
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8,173,535 |
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8,342,067 |
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8,241,488 |
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8,374,939 |
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Income per share: |
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Basic |
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$ |
0.13 |
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$ |
0.08 |
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$ |
0.28 |
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$ |
0.20 |
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Diluted |
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$ |
0.13 |
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$ |
0.08 |
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$ |
0.27 |
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$ |
0.20 |
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