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

3 Months Ended

Feb. 28, 2023

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 February 28, 2023 and February 28, 2022:

	For the Twelve Months Ended
	February 28, 2023		February 28, 2022
Numerator for basic and diluted net income (loss) per share:
Net income (loss)	$	342,210	$	(406,489	)
Denominator:
For basic net income (loss) per share - weighted average common shares outstanding		4,976,955		4,569,720
Effect of dilutive stock options		-		-
For diluted net income (loss) per share - weighted average common shares outstanding		4,976,955		4,569,720
Net Income (Loss) per share - Basic:
Net Income (Loss) per share	$	0.07	$	(0.09	)
Net Income (Loss) per share - Diluted:
Net Income (Loss) per share	$	0.07	$	(0.09	)