Note 3 - Net Income (Loss) Per Share of Common Stock

9 Months Ended

Aug. 31, 2011

Earnings Per Share [Text Block]

(3) Net Income Per Share of Common Stock

Basic net income per common share has been computed on the basis of the weighted average number of common shares outstanding.  Diluted net income per share has been computed on the basis of the weighted average number of common shares outstanding plus equivalent shares assuming exercise of stock options.

Basic and diluted earnings per common share have been computed based on the following as of August 31, 2011 and August 31, 2010:

	For the three months ended
	August 31, 2011		August 31, 2010
Basic:
Numerator, net income	$	1,019,836	$	751,802
Denominator: Average number
of common shares outstanding		4,019,874		3,992,182
Basic earnings per common share	$	0.25	$	0.19
Diluted:
Numerator, net income	$	1,019,836	$	751,802
Denominator: Average number
of common shares outstanding		4,019,874		3,992,182
Effect of dilutive stock options		22,261		11,584
		4,042,135		4,003,766
Diluted earnings per common share	$	0.25	$	0.19

	For the nine months ended
	August 31, 2011		August 31, 2010
Basic:
Numerator, net income	$	826,002	$	886,707
Denominator: Average number
of common shares outstanding		4,016,039		3,991,381
Basic earnings per common share	$	0.21	$	0.22
Diluted:
Numerator, net income	$	826,002	$	886,707
Denominator: Average number of common
shares outstanding		4,016,039		3,991,381
Effect of dilutive stock options		33,667		9,482
		4,049,706		4,000,863
Diluted earnings per common share	$	0.20	$	0.22