Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) Per Share (Tables)

v3.3.1.900
Income (Loss) Per Share (Tables)
 3 Months Ended
Feb. 29, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings (Loss) Per Share
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
 
February 29, 2016
 
February 28, 2015
Net income available for common shareholders
$
203,369

 
$
57,608

Weighted average common shares outstanding-Basic
7,006,684

 
7,006,684

Net effect of dilutive stock options
41,081

 
148,558

Weighted average common shares and common shares equivalents—Diluted
7,047,765

 
7,155,242

 
 
 
 
Earnings per Share:
 
 
 
    Basic
 
 
 
Continuing Operations
$
0.03

 
$
0.01

Discontinued Operations
$
—

 
$
—

Income
$
0.03

 
$
0.01

 
 
 
 
    Diluted
 
 
 
Continuing Operations
$
0.03

 
$
0.01

Discontinued Operations
$
—

 
$
—

Income
$
0.03

 
$
0.01