Note 4 - Net Income (Loss) Per Share of Common Stock

9 Months Ended

Aug. 31, 2016

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 August 31, 2016 and August 31, 2015:

	For the three months ended						For the nine months ended
	August 31, 2016			August 31, 2015			August 31, 2016			August 31, 2015
Numerator for basic and diluted (loss) earnings per common share:

Net (loss) income from continuing operations	$	(149,676	)	$	(716,408	)	$	807		$	(261,968	)
Net (loss) income from discontinued operations		(138,603	)		(79,185	)		(264,685	)		(133,802	)
Net (loss) income	$	(288,279	)	$	(795,593	)	$	(263,878	)	$	(395,770	)

Denominator:
For basic (loss) earnings per share - weighted average common shares outstanding		4,105,704			4,061,052			4,093,993			4,057,496
Effect of dilutive stock options		-			-			-			-
For diluted (loss) earnings per share - weighted average common shares outstanding		4,105,704			4,061,052			4,093,993			4,057,496


Earnings (Loss) per share - Basic:
Continuing Operations	$	(0.04	)	$	(0.18	)	$	0.00		$	(0.06	)
Discontinued Operations	$	(0.03	)	$	(0.02	)	$	(0.06	)	$	(0.03	)
Net Income (Loss) per share	$	(0.07	)	$	(0.20	)	$	(0.06	)	$	(0.10	)

Earnings (Loss) per share - Diluted:
Continuing Operations	$	(0.04	)	$	(0.18	)	$	0.00		$	(0.06	)
Discontinued Operations	$	(0.03	)	$	(0.02	)	$	(0.06	)	$	(0.03	)
Net Income (Loss) per share	$	(0.07	)	$	(0.20	)	$	(0.06	)	$	(0.10	)