Annual report pursuant to Section 13 and 15(d)

(Loss) Earnings Per Share (Tables)

v2.4.0.8
(Loss) Earnings Per Share (Tables)
 12 Months Ended
Nov. 30, 2013
Earnings Per Share [Abstract]  
Schedule of Earnings (Loss) Per Share
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”.

 
 
For the Year Ended November 30,
 
 
2013
 
2012
 
2011
Net (loss) income available for common shareholders
 
$
(6,193,248
)
 
$
465,452

 
$
491,698

Weighted average common shares outstanding-Basic
 
7,037,694

 
7,054,442

 
7,054,442

Net effect of dilutive stock options
 
—

 
—

 
—

Weighted average common shares and common shares equivalents—Diluted
 
7,037,694

 
7,054,442

 
7,054,442

Basic (loss) earnings per share
 
$
(0.88
)
 
$
0.07

 
$
0.07

Diluted (loss) earnings per share
 
$
(0.88
)
 
$
0.07

 
$
0.07