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

9 Months Ended

Aug. 31, 2020

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 of common stock has been computed on the basis of the weighted average number of common shares outstanding plus equivalent shares assuming the 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

August 31, 2020

and

August 31, 2019:

	For the Three Months Ended
	August 31, 2020			August 31, 2019
Numerator for basic and diluted net income (loss) per share:
Net income (loss)	$	(423,611	)	$	(289,216	)
Denominator:
For basic net income (loss) per share - weighted average common shares outstanding		4,426,850			4,309,587
Effect of dilutive stock options		-			-
For diluted net income (loss) per share - weighted average common shares outstanding		4,426,850			4,309,587
Net Income (Loss) per share - Basic:
Net Income (Loss) per share	$	(0.10	)	$	(0.07	)
Net Income (Loss) per share - Diluted:
Net Income (Loss) per share	$	(0.10	)	$	(0.07	)

	For the Nine Months Ended
	August 31, 2020			August 31, 2019
Numerator for basic and diluted net income (loss) per share:
Net income (loss)	$	(1,662,523	)	$	(1,251,190	)
Denominator:
For basic net income (loss) per share - weighted average common shares outstanding		4,381,686			4,285,335
Effect of dilutive stock options		-			-
For diluted net income (loss) per share - weighted average common shares outstanding		4,381,686			4,285,335
Net Income (Loss) per share - Basic:
Net Income (Loss) per share	$	(0.38	)	$	(0.29	)
Net Income (Loss) per share - Diluted:
Net Income (Loss) per share	$	(0.38	)	$	(0.29	)