| 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, 2025 |
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May 31, 2024 |
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May 31, 2025 |
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May 31, 2024 |
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Numerator: |
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Net income |
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$ |
355,785 |
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$ |
655,790 |
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$ |
638,640 |
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$ |
1,212,031 |
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Denominator: |
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Weighted-average shares outstanding-basic |
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8,080,161 |
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8,117,479 |
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8,081,149 |
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8,197,223 |
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Dilutive common shares issuable upon exercise of
stock options |
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45,559 |
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114,848 |
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77,595 |
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78,191 |
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Weighted-average shares-diluted |
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8,125,720 |
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8,232,327 |
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8,158,744 |
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8,275,414 |
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Income per share: |
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Basic |
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$ |
0.04 |
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$ |
0.08 |
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$ |
0.08 |
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$ |
0.15 |
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Diluted |
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$ |
0.04 |
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$ |
0.08 |
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$ |
0.08 |
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$ |
0.15 |
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