Quarterly report pursuant to Section 13 or 15(d)

Income per Common Share (Tables)

v3.21.1
Income per Common Share (Tables)
3 Months Ended
Feb. 28, 2021
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, 2021

 

 

For the three

months ended

February 29, 2020

 

Numerator:

 

 

 

 

 

 

 

 

Net Income

 

$

693,590

 

 

$

686,966

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average shares outstanding-basic

 

 

7,570,913

 

 

 

7,541,113

 

Dilutive common shares issuable upon exercise of stock options

 

 

627,678

 

 

 

587,144

 

Weighted-average shares-diluted

 

 

8,198,591

 

 

 

8,128,257

 

Earnings (Loss) per share:

 

 

 

 

 

 

 

 

Basic

 

$

0.09

 

 

$

0.09

 

Diluted

 

$

0.08

 

 

$

0.08