Quarterly report pursuant to Section 13 or 15(d)

Income Per Common Share (Tables)

v2.4.1.9
Income Per Common Share (Tables)
 3 Months Ended
Feb. 28, 2015
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 earnings per share:

 

     For the three months ended
February 28, 2015		      For the three months ended
February 28, 2014		  

Numerator:

      

Net Income

    $ 286,170       $ 397,112   

Denominator:

      

Weighted-average shares outstanding-basic

      9,824,566         10,690,188   

Dilutive common shares issuable upon exercise of stock options

      234,083         73,970   

Weighted-average shares-diluted

      10,058,649         10,764,158   
  

 

 

     

 

 

  

Earnings per share:

Basic

 $ 0.03    $ 0.04   
  

 

 

     

 

 

  

Diluted

 $ 0.03    $ 0.04