(LOSS) EARNINGS PER SHARE Basic (loss) earnings per share is calculated using the average number of common shares outstanding. Diluted (loss) earnings per share is computed on the basis of the average number of common shares outstanding plus the effect of outstanding stock options using the “treasury stock method”.
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For the Year Ended November 30, |
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2018 |
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2017 |
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Net (loss) income from continued operations available for common shareholders |
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$ |
(3,321,766 |
) |
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$ |
1,831,181 |
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Weighted average common shares outstanding-Basic |
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7,375,314 |
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7,006,684 |
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Net effect of dilutive stock options and warrant |
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— |
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— |
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Weighted average common shares and common shares equivalents—Diluted |
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7,375,314 |
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7,006,684 |
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(Loss) Earnings per Share: |
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Basic |
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$ |
(0.45 |
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$ |
0.26 |
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Diluted |
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$ |
(0.45 |
) |
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$ |
0.26 |
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1,114,000 shares underlying stock options and 1,442,744 of shares underlying the outstanding warrant for the year ended November 30, 2018, and 871,500 shares underlying stock options and 1,892,744 of shares underlying the outstanding warrant for the year ended November 30, 2017 were excluded from the diluted loss per share because the effects of such shares were anti-dilutive.
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