Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) Per Share

v2.4.0.8
Income (Loss) Per Share
 9 Months Ended
Aug. 31, 2014
Earnings Per Share [Abstract]  
INCOME (LOSS) PER SHARE
INCOME (LOSS) PER SHARE
Basic income(loss) earnings per share is calculated using the average number of common shares outstanding. Diluted income (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”.

 
Three Months Ended
Nine Months Ended
 
August 31, 2014
 
August 31, 2013
 
August 31, 2014
 
August 31, 2013
Net Income (loss) income available for common shareholders
$
688,111

 
$
(792,892
)
 
$
(4,688,159
)
 
$
(1,965,119
)
Weighted average common shares outstanding-Basic
7,006,684

 
7,035,235

 
7,006,684

 
7,047,993

Net effect of dilutive stock options
—

 
—

 
—

 
—

Weighted average common shares and common shares equivalents—Diluted
7,006,684

 
7,035,235

 
7,006,684

 
7,047,993

 
 
 
 
 
 
 
 
Earning per Share:
 
 
 
 
 
 
 
    Basic
 
 
 
 
 
 
 
Continuing Operations
$
(0.03
)
 
$
(0.13
)
 
$
(0.13
)
 
$
(0.38
)
Discontinued Operations
$
0.13

 
$
0.02

 
$
(0.54
)
 
$
0.10

Income (Loss)
$
0.10

 
$
(0.11
)
 
$
(0.67
)
 
$
(0.28
)
 
 
 
 
 
 
 
 
    Diluted
 
 
 
 
 
 
 
Continuing Operations
$
(0.03
)
 
$
(0.13
)
 
$
(0.13
)
 
$
(0.38
)
Discontinued Operations
$
0.13

 
$
0.02

 
$
(0.54
)
 
$
0.10

Income (Loss)
$
0.10

 
$
(0.11
)
 
$
(0.67
)
 
$
(0.28
)