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

3 Months Ended

Feb. 28, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

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

Basic net income (loss) per common share has been computed on the basis of the weighted average number of common shares outstanding. Diluted net income (loss) 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. Potential shares of common stock that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS.

Basic and diluted earnings (loss) per common share have been computed based on the following as of February 28, 2014 and February 28, 2013:

	For the three months ended
	February 28, 2014			February 28, 2013
Basic:
Numerator: net income (loss)	$	(258,312	)	$	819,254
Denominator: average number of common shares outstanding		4,046,552			4,035,052
Basic earnings (loss) per common share	$	(0.06	)	$	0.20
Diluted:
Numerator: net income (loss)	$	(258,312	)	$	819,254
Average number of common shares outstanding		4,046,552			4,035,052
Effect of dilutive stock options		0			12,082
Denominator: dilutive average number of common shares outstanding		4,046,552			4,047,134
Diluted earnings (loss) per common share	$	(0.06	)	$	0.20