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)
6 Months Ended
May 31, 2014
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     Six Months Ended  
     May 31, 2014      May 31, 2013     May 31, 2014      May 31, 2013  

Numerator:

          

Net Income (Loss)

   $ 215,773       ($ 243,658   $ 612,885       $ 348   
  

 

 

    

 

 

   

 

 

    

 

 

 

Denominator:

          

Weighted-average shares outstanding-basic

     10,250,471         10,946,743        10,467,914         10,964,370   

Dilutive common shares issuable upon exercise of stock options

     156,136         —          127,676         118,194   
  

 

 

    

 

 

   

 

 

    

 

 

 

Weighted-average shares-diluted

     10,406,607         10,946,743        10,595,590         11,082,564   
  

 

 

    

 

 

   

 

 

    

 

 

 

Net income (loss) per common share:

          

Basic

   $ 0.02       ($ 0.02   $ 0.06       $ 0.00   
  

 

 

    

 

 

   

 

 

    

 

 

 

Diluted

   $ 0.02       ($ 0.02   $ 0.06       $ 0.00