Quarterly report pursuant to Section 13 or 15(d)

Income per Common Share (Tables)

v3.20.2
Income per Common Share (Tables)
 9 Months Ended
Aug. 31, 2020
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:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

August 31,

2020

 

 

August 31,

2019

 

 

August 31,

2020

 

 

August 31,

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

784,467

 

 

$

1,116,259

 

 

$

2,424,771

 

 

$

1,445,809

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding-basic

 

 

7,545,613

 

 

 

7,803,333

 

 

 

7,544,124

 

 

 

7,802,676

 

Dilutive common shares issuable upon exercise of stock options

 

 

633,852

 

 

 

641,904

 

 

 

593,339

 

 

 

627,575

 

Weighted-average shares-diluted

 

 

8,179,465

 

 

 

8,445,237

 

 

 

8,137,463

 

 

 

8,430,251

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.10

 

 

$

0.14

 

 

$

0.32

 

 

$

0.19

 

Diluted

 

$

0.10

 

 

$

0.13

 

 

$

0.30

 

 

$

0.17