Quarterly report pursuant to Section 13 or 15(d)

Income per Common Share (Tables)

v2.4.0.8
Income per Common Share (Tables)
 3 Months Ended
Feb. 28, 2014
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings (Loss) Per Share

The following table sets forth the calculation of basic and diluted earnings per share:

 

     For the three months ended
February 28, 2014		      For the three months ended
February 28, 2013		  

Numerator:

      

Net Income

    $ 397,112       $ 244,006   

Denominator:

      

Weighted-average shares outstanding-basic

      10,690,188         10,982,389   

Dilutive common shares issuable upon exercise of stock options

      73,970         122,705   
  

 

 

     

 

 

  

Weighted-average shares-diluted

      10,764,158         11,105,094   
  

 

 

     

 

 

  

Earnings per share:

      

Basic

    $ 0.04       $ 0.02   
  

 

 

     

 

 

  

Diluted

    $ 0.04       $ 0.02