| 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”.
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Three Months Ended |
Six Months Ended |
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May 31, 2014 |
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May 31, 2013 |
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May 31, 2014 |
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May 31, 2013 |
Net (loss) income available for common shareholders |
$ |
(4,136,706 |
) |
|
$ |
(156,836 |
) |
|
$ |
(5,376,271 |
) |
|
$ |
(1,172,226 |
) |
Weighted average common shares outstanding-Basic |
7,006,684 |
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7,054,442 |
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7,006,684 |
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7,054,442 |
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Net effect of dilutive stock options |
— |
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— |
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— |
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— |
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Weighted average common shares and common shares equivalents—Diluted |
7,006,684 |
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7,054,442 |
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7,006,684 |
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7,054,442 |
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Earning per Share: |
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Basic |
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Continuing Operations |
$ |
(0.24 |
) |
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$ |
0.07 |
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$ |
(0.37 |
) |
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$ |
(0.13 |
) |
Discontinued Operations |
$ |
(0.35 |
) |
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$ |
(0.09 |
) |
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$ |
(0.39 |
) |
|
$ |
(0.04 |
) |
(Loss) |
$ |
(0.59 |
) |
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$ |
(0.02 |
) |
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$ |
(0.76 |
) |
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$ |
(0.17 |
) |
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Diluted |
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Continuing Operations |
$ |
(0.24 |
) |
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$ |
0.07 |
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|
$ |
(0.37 |
) |
|
$ |
(0.13 |
) |
Discontinued Operations |
$ |
(0.35 |
) |
|
$ |
(0.09 |
) |
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$ |
(0.39 |
) |
|
$ |
(0.04 |
) |
(Loss) |
$ |
(0.59 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.76 |
) |
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$ |
(0.17 |
) |
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