Note 6 - Net Income (Loss) Per Share of Common Stock

9 Months Ended

Aug. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

6) 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  August 31, 2023 and August 31, 2022:

	For the Three Months Ended
	August 31, 2023			August 31, 2022
Numerator for basic and diluted net income (loss) per share:
Net income from continuing operations	$	240,873		$	304,007
Net (loss) from discontinued operations		(314,903	)		(66,232	)
Net income (loss)		(74,030	)		237,775
Denominator:
For basic net income (loss) per share - weighted average common shares outstanding		5,009,041			4,700,422
Effect of dilutive stock options		-			-
For diluted net income (loss) per share - weighted average common shares outstanding		5,009,041			4,700,422
Net Income (loss) per share - Basic:
Continuing Operations	$	0.05		$	0.06
Discontinued Operations		(0.06	)		(0.01	)
Net income (loss) per share	$	(0.01	)	$	0.05
Net Income (loss) per share - Diluted:
Continuing Operations	$	0.05		$	0.06
Discontinued Operations		(0.06	)		(0.01	)
Net income (loss) per share	$	(0.01	)	$	0.05

	For the Nine Months Ended
	August 31, 2023			August 31, 2022
Numerator for basic and diluted net income (loss) per share:
Net income from continuing operations	$	920,929		$	190,681
Net (loss) from discontinued operations		(346,084	)		(184,278	)
Net income (loss)		574,845			6,403
Denominator:
For basic net income (loss) per share - weighted average common shares outstanding		5,000,185			4,633,621
Effect of dilutive stock options		-			-
For diluted net income (loss) per share - weighted average common shares outstanding		5,000,185			4,633,621
Net Income (Loss) per share - Basic:
Continuing Operations	$	0.18		$	0.04
Discontinued Operations		(0.07	)		(0.04	)
Net income per share	$	0.11		$	0.00
Net Income (Loss) per share - Diluted:
Continuing Operations	$	0.18		$	0.04
Discontinued Operations		(0.07	)		(0.04	)
Net income per share	$	0.11		$	0.00