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

9 Months Ended

May 31, 2020

Policies

Earnings Per Share

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 earnings per share data for the three and nine month periods ended May 31, 2020 and 2019 are as follows:

	Three Month Periods ended May 31,				Nine Month Periods ended May 31,
	2020		2019		2020		2019
Net income	$	1,396,973	$	1,098,210	$	1,216,089	$	1,567,534
Basic weighted average number of  common shares outstanding		3,481,162		4,022,587		3,672,858		4,318,128
Effect of dilutive securities
Stock options		-		-		-		-
Diluted weighted average number of common shares outstanding		3,481,162		4,022,587		3,672,858		4,318,128

The Company has no items of other comprehensive income in any year presented.  Therefore, net income presented in the consolidated statements of operations equals comprehensive income.