Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Common Share

v2.4.0.6
Net Loss per Common Share
 9 Months Ended
Aug. 31, 2012
Net Loss per Common Share [Abstract]  
Net Loss per Common Share

Note 2 – Net Loss per Common Share

The following table sets forth the calculation of basic and diluted net loss per common share:

 

                                 
    Three Months Ended     Nine Months Ended  
    August 31,
2012 		    August 31,
2011 		    August 31,
2012 		    August 31,
2011 		 

Numerator:

                                

Net Loss

   ($ 547,097 )    ($ 2,382,416 )    ($ 5,454,090 )    ($ 1,971,568 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Denominator:

                                

Weighted-average shares outstanding-basic

     11,166,496       11,757,803       11,325,280       11,754,324  

Dilutive common shares issuable upon exercise of stock options

     —         —         —         —    
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted-average shares-diluted

     11,166,496       11,757,803       11,325,280       11,754,324  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net loss per common share:

                                

Basic

   ($ .05 )    ($ .20 )    ($ .48 )    ($ .17 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted

   ($ .05 )    ($ .20 )    ($ .48 )    ($ .17 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

 

 

For the three and nine months ended August 31, 2012 and August 31, 2011, due to the Company incurring net losses for both periods, the Company excluded the effect of all outstanding stock options from the computation of diluted earnings per share, as the effect of potentially dilutive shares would be anti-dilutive.