Quarterly report pursuant to Section 13 or 15(d)

(Loss) Income per Common Share (Tables)

v3.3.1.900
(Loss) Income per Common Share (Tables)
 3 Months Ended
Feb. 29, 2016
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Net (Loss) Income per Common Share

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

 

     For the three months ended
February 29, 2016		      For the three months ended
February 28, 2015		  

Numerator:

      

Net (Loss) Income

    ($ 122,936 )     $ 286,170   

Denominator:

      

Weighted-average shares outstanding-basic

      8,971,373         9,824,566   

Dilutive common shares issuable upon exercise of stock options

      —           234,083   

Weighted-average shares-diluted

      8,971,373         10,058,649   
  

 

 

     

 

 

  

(Loss) Earnings per share:

      

Basic

    ($ 0.01 )     $ 0.03   
  

 

 

     

 

 

  

Diluted

    ($ 0.01 )     $ 0.03