Quarterly report pursuant to Section 13 or 15(d)

(Loss) Income per Common Share (Tables)

v3.5.0.2
(Loss) Income per Common Share (Tables)
9 Months Ended
Aug. 31, 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 net (loss) income per common share:

 

     Three Months Ended      Nine Months Ended  
     August 31, 2016      August 31, 2015      August 31, 2016      August 31, 2015  

Numerator:

     

Net (Loss) Income

   ($ 2,644,361    $ 7,829,572         (2,130,165    $ 8,325,774   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

     

Weighted-average shares outstanding-basic

     7,583,771         9,462,102         8,546,110         9,697,679   

Dilutive common shares issuable upon exercise of stock options

     —           288,095         —           247,939   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average shares-diluted

     7,583,771         9,750,197         8,546,110         9,945,618   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net (loss) income per common share:

     

Basic

   ($ 0.35    $ 0.83       ($ 0.25    $ 0.86   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

   ($ 0.35    $ 0.80       ($ 0.25    $ 0.84