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

9 Months Ended

Aug. 31, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

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

Basic net income (loss) per share has been computed on the basis of the weighted average number of shares of common stock outstanding. Diluted net income (loss) per share of common stock has been computed on the basis of the weighted average number of shares outstanding plus equivalent shares of common stock 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 net income (loss) per share of common stock.

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

August 31, 2018

and

August 31, 2017:

	For the Three Months Ended
	August 31, 2018			August 31, 2017
Numerator for basic and diluted net (loss) income per share of common stock:
Net (loss) income from continuing operations	$	(766,716	)	$	41,648
Net (loss) income from discontinued operations		-			(18,441	)
Net (loss) income	$	(766,716	)	$	23,207
Denominator:
For basic net (loss) income per share - weighted average shares of common stock outstanding		4,209,445			4,161,421
Effect of dilutive stock options		-			-
For diluted net (loss) income per share - weighted average shares of common stock outstanding		4,209,445			4,161,421
Net income (loss) per share - Basic:
Continuing operations	$	(0.18	)	$	0.01
Discontinued operations	$	-		$	-
Net income (loss) per share	$	(0.18	)	$	0.01
Net income (loss) per share - Diluted:
Continuing operations	$	(0.18	)	$	0.01
Discontinued operations	$	-		$	-
Net income (loss) per share	$	(0.18	)	$	0.01

	For the Nine Months Ended
	August 31, 2018			August 31, 2017
Numerator for basic and diluted net (loss) income per share of common stock:
Net (loss) income from continuing operations	$	(1,948,093	)	$	(720,900	)
Net (loss) income from discontinued operations		(50,853	)		(33,482	)
Net (loss) income	$	(1,998,946	)	$	(754,382	)
Denominator:
For basic net (loss) income per share - weighted average shares of common stock outstanding		4,198,250			4,148,966
Effect of dilutive stock options		-			-
For diluted net (loss) income per share - weighted average shares of common stock outstanding		4,198,250			4,148,966
Net income (loss) per share - Basic:
Continuing operations	$	(0.46	)	$	(0.17	)
Discontinued operations	$	(0.01	)	$	(0.01	)
Net income (loss) per share	$	(0.47	)	$	(0.18	)
Net income (loss) per share - Diluted:
Continuing operations	$	(0.46	)	$	(0.17	)
Discontinued operations	$	(0.01	)	$	(0.01	)
Net income (loss) per share	$	(0.47	)	$	(0.18	)