Quarterly report pursuant to Section 13 or 15(d)

Income per Common Share (Tables)

v3.20.1
Income per Common Share (Tables)
3 Months Ended
Feb. 29, 2020
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings per Share
The following table sets forth the calculation of basic and diluted earnings per share:
 
     For the three months ended
February 29, 2020
     For the three months ended
February 28, 2019
 
Numerator:
     
Net Income
   $ 686,966      $ 275,877  
Denominator:
     
Weighted-average shares outstanding-basic
     7,541,113        7,801,333  
Dilutive common shares issuable upon exercise of stock options
     587,144        623,572  
  
 
 
    
 
 
 
Weighted-average shares-diluted
     8,128,257        8,424,905  
  
 
 
    
 
 
 
Earnings (Loss) per share:
     
Basic
   $ 0.09      $ 0.04  
  
 
 
    
 
 
 
Diluted
   $ 0.08      $ 0.03