Note 7 - Net Income (Loss) Per Share of Common Stock

6 Months Ended

May 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

7) 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, 2024 and May 31, 2023:

	For the Three Months Ended
	May 31, 2024			May 31, 2023
Numerator for basic and diluted net income (loss) per share:
Net income (loss) from continuing operations	$	(4,657	)	$	329,761
Net loss from discontinued operations		(28,683	)		(23,097	)
Net income (loss)		(33,340	)		306,664
Denominator:
For basic net income (loss) per share - weighted average common shares outstanding		5,067,742			5,014,050
Effect of dilutive stock options		-			-
For diluted net income (loss) per share - weighted average common shares outstanding		5,067,742			5,014,050
Net Income (loss) per share - Basic:
Continuing Operations	$	(0.00	)	$	0.07
Discontinued Operations		(0.01	)		(0.01	)
Net income (loss) per share	$	(0.01	)	$	0.06
Net Income (loss) per share - Diluted:
Continuing Operations	$	(0.00	)	$	0.07
Discontinued Operations		(0.01	)		(0.01	)
Net income (loss) per share	$	(0.01	)	$	0.06

	For the Six Months Ended
	May 31, 2024			May 31, 2023
Numerator for basic and diluted net income (loss) per share:
Net income (loss) from continuing operations	$	(428,915	)	$	680,056
Net (loss) from discontinued operations		(69,465	)		(31,182	)
Net income (loss)		(498,380	)		648,874
Denominator:
For basic net income (loss) per share - weighted average common shares outstanding		5,045,334			4,995,708
Effect of dilutive stock options		-			-
For diluted net income (loss) per share - weighted average common shares outstanding		5,045,334			4,995,708
Net Income (Loss) per share - Basic:
Continuing Operations	$	(0.09	)	$	0.14
Discontinued Operations		(0.01	)		(0.01	)
Net income per share	$	(0.10	)	$	0.13
Net Income (Loss) per share - Diluted:
Continuing Operations	$	(0.09	)	$	0.14
Discontinued Operations		(0.01	)		(0.01	)
Net income per share	$	(0.10	)	$	0.13