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

3 Months Ended

May 31, 2012

Earnings Per Share [Text Block]

(3) Net Income (Loss) 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.

4

Basic and diluted earnings per common share have been computed based on the following as of May 31, 2012 and May 31, 2011:

	For the three months ended
	May 31, 2012		May 31, 2011
Basic:
Numerator, net income		935,981		290,749
Denominator: Average number of common shares Outstanding		4,031,439		4,017,852
Basic earnings per common share		0.23		0.07
Diluted:
Numerator, net income		935,981		290,749
Average number of common shares Outstanding		4,031,439		4,017,852
Effect of dilutive stock options		16,348		29,826
Denominator: Dilutive Average number of common shares Outstanding		4,047,787		4,047,678
Diluted earnings per common share		0.23		0.07

	For the six months ended
	May 31, 2012		May 31, 2011
Basic:
Numerator, net income		1,129,479		(193,828	)
Denominator: Average number of common shares Outstanding		4,029,825		4,014,102
Basic earnings per common share		0.28		(0.05	)
Diluted:
Numerator, net income		1,129,479		(193,828	)
Average number of common shares Outstanding		4,029,825		4,014,102
Effect of dilutive stock options		17,521		0
Denominator: Dilutive Average number of common shares Outstanding		4,047,346		4,014,102
Diluted earnings per common share		0.28		(0.05	)