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

3 Months Ended

Feb. 28, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

4) 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 earnings (loss) per common share

.

Basic and diluted earnings (loss) per common share have been computed based on the following as of

February

28,

2017

and

February

29,

2016:

	For the three months ended
	February 28, 2017			February 29, 2016
Numerator for basic and diluted (loss) earnings per common share:
Net (loss) income from continuing operations	$	(253,642	)	$	133,549
Net (loss) income from discontinued operations		3,613			(52,587	)
Net (loss) income	$	(250,029	)	$	80,962
Denominator:
For basic (loss) earnings per share - weighted average common shares outstanding		4,126,012			4,074,338
Effect of dilutive stock options		-			-
For diluted (loss) earnings per share - weighted average common shares outstanding		4,126,012			4,074,338
Earnings (Loss) per share - Basic:
Continuing Operations	$	(0.06	)	$	0.03
Discontinued Operations	$	0.00		$	(0.01	)
Net Income (Loss) per share	$	(0.06	)	$	0.02
Earnings (Loss) per share - Diluted:
Continuing Operations	$	(0.06	)	$	0.03
Discontinued Operations	$	0.00		$	(0.01	)
Net Income (Loss) per share	$	(0.06	)	$	0.02