Note 5 - Net Income (Loss) Per Share of Common Stock

6 Months Ended

May 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

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

Basic net income (loss) per share of common stock 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 net income (loss) per share.

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

May 31, 2019

and

May 31, 2018:

	For the Three Months Ended
	May 31, 2019			May 31, 2018
Numerator for basic and diluted net income (loss) per share:
Net income (loss) from continuing operations	$	(356,042	)	$	(653,979	)
Net income (loss) from discontinued operations		-			(11,799	)
Net income (loss)	$	(356,042	)	$	(665,778	)
Denominator:
For basic net income (loss) per share - weighted average common shares outstanding		4,299,289			4,213,893
Effect of dilutive stock options		-			-
For diluted net income (loss) per share - weighted average common shares outstanding		4,299,289			4,213,893
Net Income (Loss) per share - Basic:
Continuing Operations	$	(0.08	)	$	(0.16	)
Discontinued Operations	$	-		$	-
Net Income (Loss) per share	$	(0.08	)	$	(0.16	)
Net Income (Loss) per share - Diluted:
Continuing Operations	$	(0.08	)	$	(0.16	)
Discontinued Operations	$	-		$	-
Net Income (Loss) per share	$	(0.08	)	$	(0.16	)

	For the Six Months ended
	May 31, 2019			May 31, 2018
Numerator for basic and diluted net income (loss) per share:
Net income (loss) from continuing operations	$	(961,974	)	$	(1,181,377	)
Net income (loss) from discontinued operations		-			(50,853	)
Net income (loss)	$	(961,974	)	$	(1,232,230	)
Denominator:
For basic net income (loss) per share - weighted average common shares outstanding		4,272,532			4,192,592
Effect of dilutive stock options		-			-
For diluted net income (loss) per share - weighted average common shares outstanding		4,272,532			4,192,592
Net Income (Loss) per share - Basic:
Continuing Operations	$	(0.23	)	$	(0.28	)
Discontinued Operations	$	-		$	(0.01	)
Net Income (Loss) per share	$	(0.23	)	$	(0.29	)
Net Income (Loss) per share - Diluted:
Continuing Operations	$	(0.23	)	$	(0.28	)
Discontinued Operations	$	-		$	(0.01	)
Net Income (Loss) per share	$	(0.23	)	$	(0.29	)