Quarterly report pursuant to Section 13 or 15(d)

Income per Common Share (Tables)

v3.22.1
Income per Common Share (Tables)
 3 Months Ended
Feb. 28, 2022
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 net income per common share:

 

 

 

For the three months ended

 

 

 

February 28, 2022

 

 

February 28, 2021

 

Numerator:

 

 

 

 

 

 

Net income

 

$

832,047

 

 

$

693,590

 

Denominator:

 

 

 

 

 

 

Weighted-average shares outstanding-basic

 

 

8,527,031

 

 

 

7,570,913

 

Dilutive common shares issuable upon exercise of
   stock options

 

 

221,152

 

 

 

627,678

 

Weighted-average shares-diluted

 

 

8,748,183

 

 

 

8,198,591

 

Income per share:

 

 

 

 

 

 

Basic

 

$

0.10

 

 

$

0.09

 

Diluted

 

$

0.10

 

 

$

0.08