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2. Earnings Per Share (Tables)
9 Months Ended
Feb. 28, 2014
Computation of Basic and Diluted Shares

 

 

    2014     2013  
Nine-Month Periods ended February 28, 2014 and 2013:            
Numerator -            
Net income available to common stockholders   $ 1,084,473     $ 882,998  
                 
Denominator -                
Weighted-average shares outstanding                
Basic     26,111,201       26,111,201  
Incremental shares from assumed conversion of options     1,441,008       1,254,799  
Diluted Shares     27,552,209       27,366,000  
                 
Three-Month Periods ended February 28, 2014 and 2013:                
Numerator -                
Net income (loss) available to common stockholders   $ (213,553 )   $ 48,390  
                 
Denominator -                
Weighted-average shares outstanding                
Basic     26,111,201       26,111,201  
Incremental shares from assumed conversion of options     -       1,443,322  
Diluted Shares     26,111,201       27,554,523