2. Significant Accounting Policies: Earnings Per Share (Policies)

3 Months Ended

Nov. 30, 2019

Policies

Earnings Per Share

(Loss) earnings per share

Basic earnings per common share is computed by dividing net income or loss available to common shareholders by the weighted average number of common shares outstanding in the period. Diluted earnings per common share takes into consideration common shares outstanding (computed under basic earnings per share) and potentially dilutive common shares.

The (loss) earnings per share data for the three month periods ended November 30, 2019 and 2018 are as follows:

		2019	2018
Net (loss) income	$	(6,621)		$	349,694
Basic weighted average number of   common shares outstanding		3,971,282			4,256,361
Effect of dilutive securities
Stock options		-			-
Diluted weighted average number  of common shares outstanding		3,971,282			4,256,361
Basic and diluted (loss) earnings per common share	$	(0.00)		$	0.08